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Presenter 1: Welcome to the CalPERS Your Retirement Calculation video. Before we get to the main presentation, lets take care of some housekeeping items. To provide you with a future reference, and make your note taking easier, weve provided a learning guide for this presentation. Youll see the link to the learning guide in the YouTube description box. This video will stay posted here on YouTube, so you can come back and watch again if you need to. Please note that due the large number of participants, even though the chat feature is active, we wont be able to respond to member questions during this video. In todays session well discuss how your retirement allowance is calculated. This includes going over the three factors used in the calculation of your monthly benefit. Well then put it all together by showing you some example calculations. Your CalPERS pension is a defined benefit plan, which means that your pension is calculated using a formula an
