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State Reference Guide - California

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 .. 21. The Alternate Retirement Program (ARP) (Civil Service Only) .. 24. Determining Membership 25. Positions Excluded by Retirement Law (PERL) from CalPERS Coverage.. 26. Determining Retirement benefits .. 28. "Optional" Members of 29. CalPERS or CalSTRS? .. 33. Overtime Positions .. 40. Updating Employee Demographic Information .. 41. Reciprocity .. 43. Reciprocity Requirements .. 45. Provisions Under Full Reciprocity .. 47. Reciprocal Provisions for Non-Qualifying Individuals .. 48. Reciprocal Provisions for the Unversity of California Retirement 49.

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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