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Youre only vested for/entitled to the returns/growth once you hit 5 years of service. If you quit state service before 5 years, your returns may grow, but my understanding is you still only get to take your contributions/the principal with you if you withdraw the funds.
What is the 6 month rule for CalPERS?
If you enter into employment with a reciprocal retirement system, the California State Teachers Retirement System (CalSTRS), the Judges Retirement System (JRS), the Judges Retirement System II (JRS II), or the Legislators Retirement System (LRS) within six months of leaving your CalPERS-covered employment, you are
What are the requirements for CalPERS retirement?
Retirement Eligibility To be eligible for service retirement, you must have at least five years of CalPERS-credited service and be at least age 50, 52, or 55 depending on your retirement formula . If you have a combination of classic and PEPRA service, you may be eligible to retire at age 50 .
What are the rules for CalPERS retirement?
To be eligible for service retirement, you must have at least five years of CalPERS-credited service and be at least age 50, 52, or 55 depending on your retirement formula . If you have a combination of classic and PEPRA service, you may be eligible to retire at age 50 .
Is CalPERS pension for life?
Employees are vested (eligible for retirement) when they have 5 years of CalPERS membership and have reached the minimum retirement age, based on their date of hire.
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Service retirement is a lifetime benefit. Employees can retire as early as age 50 with five years of CalPERS pensionable service credit unless all service was
Feb 28, 2025 Service retirement is a lifetime benefit. In general, you can retire as early as age 50 with five years of service credit unless all service
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