Retirement Benefits

RETIREMENT - CalPers

Retirement Contribution Summary

Classic Members, Non-Sworn Miscellaneous

·         Age Eligibility: 2% at age 55

·         City Contribution: 10.88%

·         Employee Contribution: 7% (pre-tax)

PEPRA, Non-Sworn Miscellaneous (New CalPERS members after 1/1/2013)

·         Age Eligibility: 2% at age 62

·         City Contribution: 7.68%

·         Employee Contribution: 7.75% (pre-tax)

Classic Members, Public Safety

·         Age Eligibility: 3% at age 50

·         City Contribution: 23.71%

·         Employee Contribution: 9% (pre-tax)

PEPRA, Public Safety (New CalPERS members after1/1/2013)

·         Age Eligibility: 2.7% at age 57

·         City Contribution: 13.54%

·         Employee Contribution: 13.75% (pre-tax)

Deferred Compensation

The City offers two different, voluntary 457 deferred compensation plans.

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