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Can I move my CalPERS?

Reciprocity allows you to move from one retirement system to another without losing your benefits. CalPERS' reciprocal agreement with other California public retirement systems can allow you to coordinate your benefits between the two systems when you retire.

What happens to CalPERS?

Once CalPERS membership is terminated, you no longer are entitled to any CalPERS benefits, including retirement. You are eligible for a refund only if you are not entering employment with another CalPERS-covered employer. Applicable state and federal taxes will be withheld from your refund.

Can I opt out of CalPERS?

Eligibility. You can refund your member contributions and interest if: You've permanently separated from all CalPERS-covered employment. (Your separation date must have been reported to us by your employer before we can begin to process your refund request.)

Is CalPERS only in California?

The California Public Employees' Retirement System (CalPERS) is an agency in the California executive branch that "manages pension and health benefits for more than 1.5 million California public employees, retirees, and their families"....CalPERS. Agency overviewWebsitecalpers.ca.gov8 more rows

Is CalPERS membership mandatory?

By statute, the California State University (CSU) participates in the CalPERS program. Membership is mandatory for those CSU employees who are eligible. CalPERS uses contributions of the employer and the employee as well as income from investments to pay for employee retirement benefits.

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