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Local / State Employees

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14 Jun How to calculate your CalPERS retirement benefits

How to Calculate your CalPERS retirement benefits   More than 1.6 million California public employees, retirees, and their families. Managing one of the largest public pension funds in the US for that many people seems daunting, doesn’t it? And if you’re a recipient trying to calculate your retirement benefits, you may feel a bit lost. But terms like “benefit factor” and “final compensation” don’t have to be intimidating. Let’s break down the benefits, the variables, and get you informed and ready for retirement. First off . . . when can you retire? In most cases, you can retire at age 50 with 5 years of service...

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