Pub 12 2025

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2022 4.9 Satisfied (48 Votes)
2021 4.9 Satisfied (39 Votes)
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2014 4 Satisfied (37 Votes)
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Two thousand (2,000) hours equals one year of service credit. To find out how much service credit your sick leave will provide, divide your sick leave hours by 2,000. Vacation and other types of leave time such as compensatory time off (CTO), personal or annual leave, and holiday credits cant be converted.
Final compensation is based on the monthly full time pay rate and special compensation as reported by an employer. At the time of retirement, CalPERS will review all compensation for compliance. This may cause an adjustment to the final compensation value.
If you have multiple retirement benefit formula ages, the highest benefit formula age applies, up to the maximum normal retirement age of 62 (i.e., age 62 for the 1.25% at 65 formula). You must wait 180 days after your retirement date before you can return to work for a CalPERS employer.
In the case of early retirement, a benefit is reduced 5/9 of one percent for each month before normal retirement age, up to 36 months.
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
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Under most benefit plans, members become vested after 5 years. Notably, the Public Employees Pension Reform Act (PEPRA) changed benefit formulas for those hired on or after January 1, 2013. Visit our PEPRA page for more information.
960-Hour Limit The hours you work cannot exceed 960 hours in a fiscal year (July 1 through June 30) for employment with all CalPERS employers combined . There are no exceptions to this limit.
Its very much worth it to purchase service credit if youre early in your career and doing so wont jeopardize your current financial situation. Later in your career, its less of a sure thing. Still, your CalPERS pension will typically pay out more than you put in within 5-7 years of being retired.

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