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The document provides model domestic relations orders for dividing California Public Employees' Retirement System (CalPERS) benefits during marriage dissolution or legal partnership separations. It includes sample orders for separating accounts and dividing benefits for both retired and non-retired members, outlining the legal framework under California's Public Employee Retirement Law and Family Code. The publication serves as a guide for attorneys and individuals involved in such proceedings, detailing necessary provisions, calculations, and rights related to retirement benefits.

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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 happens if you retire 6 months early?

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.

How many years do you need to work to be vested in CalPERS?

Under most benefit plans, members become vested after 5 years.

Can my ex-wife claim my pension years after divorce in California?

A Guide to Changing Your Health Coverage Log in to your myCalPERS account or register now if you need an account. Select Health Summary under the Health tab. Select the Change Your Health Benefits button under the Current Health Coverage header. Select Open Enrollment and follow instructions to change your health plan.

What is the 180 day rule for CalPERS?

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.

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How does CalPERS 2% at 62 work?

The benefit factor changes for every quarter year of age based on the retirement formula . If your retirement formula is 2% at 62, for example, this means you get 2% of your pay if you retire at age 62 . Age 62 is referred to as your normal retirement age .

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What is the 6 month rule for CalPERS?

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How does CalPERS 2% at 62 work?

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