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What is the average pension for PSERS?

The average yearly pension benefit paid to annuitants was $26,078. PSERS had 770 participating employers on June 30, 2022.

Can I withdraw money from PSERS?

To withdraw your contributions and interest, you must complete an Application for Refund.

Is PSERS a good retirement plan?

In most cases, yes. The PSERS pension monthly income provides you with consistent lifetime income. This is a great benefit, but it will lose value over time due to inflation.

How many years do I need to retire with pers?

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 .

Can I retire with 20 years of teaching?

Deciding when to retire You can retire at age 55 with at least five years of service credit. Members under CalSTRS 2% at 60 also have the option to retire at age 50 with at least 30 years of service credit.

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