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State Reference Guide - California

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State Reference Guide March 2020. California Public Employees' Retirement System TABLE OF CONTENTS. Introduction ........................................ ........................................ ..................................... 5. General Membership Information ........................................ ........................................ .. 10. CalPERS Membership Eligibility ........................................ ................................. 14. Public Employees' pension Reform Act of 2013 (PEPRA) Definition of a New Member ........................................ ........................................ .............................. 16. First-Tier vs. Second-Tier ........................................ ........................................ ... 20. Account Code Overview.

State Reference Guide January 2022 California Public Employees’ Retirement System. 2 T ... · Direct deposit of monthly benefit . payment · Monthly retirement warrants · Post-retirement warrants ... (pension) A member’s retirement benefit formula is . based on their membership category, which .

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