Retirement Benefits

RETIREMENT - CalPers

Retirement Contribution Summary

Classic Members, Non-Sworn Miscellaneous

Β·Β Β Β Β Β Β Β Β  Age Eligibility: 2% at age 55

Β·Β Β Β Β Β Β Β Β  City Contribution: 10.88%

Β·Β Β Β Β Β Β Β Β  Employee Contribution: 7% (pre-tax)

PEPRA, Non-Sworn Miscellaneous (New CalPERS members after 1/1/2013)

Β·Β Β Β Β Β Β Β Β  Age Eligibility: 2% at age 62

Β·Β Β Β Β Β Β Β Β  City Contribution: 7.68%

Β·Β Β Β Β Β Β Β Β  Employee Contribution: 7.75% (pre-tax)

Classic Members, Public Safety

Β·Β Β Β Β Β Β Β Β  Age Eligibility: 3% at age 50

Β·Β Β Β Β Β Β Β Β  City Contribution: 23.71%

Β·Β Β Β Β Β Β Β Β  Employee Contribution: 9% (pre-tax)

PEPRA, Public Safety (New CalPERS members after1/1/2013)

Β·Β Β Β Β Β Β Β Β  Age Eligibility: 2.7% at age 57

Β·Β Β Β Β Β Β Β Β  City Contribution: 13.54%

Β·Β Β Β Β Β Β Β Β  Employee Contribution: 13.75% (pre-tax)

Deferred Compensation

The City offers two different, voluntary 457 deferred compensation plans.

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