CalPERS

Full-time appointments that exceed six months and half-time appointments averaging 20 hours per week for one year or longer require membership in the California Public Employees Retirement System (CalPERS).

Employees excluded from CalPERS membership are covered by the CSU Part Time Retirement Plan.

CalPERS eligible employees are encouraged to set-up their account online through my/CalPERS.

Your my|CalPERS account will provide you the following services:

  • Confirm which dependents are covered on your plan or what health plans are available in your area.
  • Access, update, and manage all your retirement, health, and financial service information.
  • Calculate your future retirement benefit.
  • Estimate the cost to purchase additional service credit.
  • Register for online or instructor-led retirement classes.
  • Schedule personal appointments at one of our eight Regional Offices throughout the State.

To register for your my|CalPERS account, please click here.

CalPERS Retirement Benefits

Please contact Human Resources (559-278-2032) to determine your benefit formula, final compensation period or to discuss retirement plans.

  • The plan is a defined benefit plan with retirement benefits calculated based on age at retirement, years of service and compensation.
  • Plan vesting is at five years of PERS credited service.
  • Employees can estimate their retirement benefit by:
    1. Determining years of service, employees should refer to their CalPERS member statement.
    2. Determining age on expected date of retirement.
    3. The percentage derived from your benefit formula the table is multiplied by "final compensation", which is the average monthly pay for the highest consecutive 12 or 36 months, based on the benefit formula of your date of hire.
  • Any unused sick leave is converted to additional service credit if the employee retires within 120 days of separation from employment. Eight hours of sick leave equals one day (.004 of a year of service). It takes 250 days of sick leave to receive one year of service credit (.004 x 250 = 1 year).
  • CSU retiree medical, dental and vision benefits are available to benefit eligible employees (and their eligible dependents) who retire within 120 days from the date of separation from employment. More information.

Death Benefit

The benefits payable depend on a number of factors such as the member’s age, years of service, eligible beneficiary, and whether or not the employee was eligible to retire at the time of death (age 50 with at least five years of service credit).

The following benefits may be payable:

One-Time Payments

  • Limited Death Benefit - Return of the member’s contributions and interest through the date of death.
  • Basic Death Benefit - Return of the member’s contributions and interest. In some cases, there may also be a payment equal to half of the member’s annual earnings for the year preceding death.
  • Group Term Life Insurance - A lump sum payment of $5,000. In some instances, there may also be a payment equal to half of the member’s earnings for the year preceding death.

Monthly payments may also be available. CalPERS will send information and the necessary forms shortly after a death is reported. The information on the completed forms serves as the formal application to receive payable death or survivor benefits and to identify family members who may be legally entitled to benefits.

Health (Medical and Dental) Benefits

CSU post-retirement medical and dental benefits are available to employees (and their eligible dependents) who retire within 120 days from the date of separation from employment. More information.

More detailed information appears in the certificates of insurance, applicable booklets and brochures, and relevant collective bargaining agreements, including the full text of definitions, exclusions, limitations, reductions and terminating events that apply to your coverage. This summary does not modify those provisions or the insurance in any way.