Keyword Analysis & Research: state of california pers

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Frequently Asked Questions

What is CalPERS?

Where Do I Fit In? What Forms Do I Need? The California Public Employees Retirement System (CalPERS) administers retirement benefits for state employees.

How are CalPERS retirement benefits calculated?

CalPERS offers a defined benefit plan where retirement benefits are based on a formula, rather than contributions and earnings to a savings plan. Retirement benefits are calculated based on a member's years of service credit, age at retirement, and final compensation (average salary for a defined period of employment).

How do I qualify as a public agency under CalPERS?

To qualify as a public agency you must submit qualification documentation to CalPERS. Once approved, you can submit your initial health contract information. Based on your contract type, you may create groups to classify your employees and retirees. A group is a classification of employees and retirees.

What is the California State Personnel Board (SPB)?

Established by the State Constitution, the State Personnel Board (SPB) is charged with overseeing the merit-based, job-related recruitment and selection process for the hiring of state employees who provide critical services to the citizens of California.

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