Retirement Benefits
RETIREMENT - CalPers
Retirement Contribution Summary
Classic Members, Non-Sworn Miscellaneous
·        Age Eligibility: 2% at age 55
·        City Contribution: 10.88%
·        Employee Contribution: 7% (pre-tax)
PEPRA, Non-Sworn Miscellaneous (New CalPERS members after 1/1/2013)
·        Age Eligibility: 2% at age 62
·        City Contribution: 7.68%
·        Employee Contribution: 7.75% (pre-tax)
Classic Members, Public Safety
·        Age Eligibility: 3% at age 50
·        City Contribution: 23.71%
·        Employee Contribution: 9% (pre-tax)
PEPRA, Public Safety (New CalPERS members after1/1/2013)
·        Age Eligibility: 2.7% at age 57
·        City Contribution: 13.54%
·        Employee Contribution: 13.75% (pre-tax)
The City offers two different, voluntary 457 deferred compensation plans.
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