Teammate Handbook Cover

percent 2 . 7 @ 55

R E T I R E M E N T F O RMU L A S A N D B E N E F I T F A C TO R S

The chart below shows how the beneft factor increases for each quarter year of age from 50 to 55.

2.7% at 55 Beneft Formula Minimum Age for Retirement 50

Age at Retirement

Exact Year

¼ Year

½ Year

¾ Year

50

2.000%

2.035%

2.070%

2.105%

51 52 53 54

2.140%

2.175%

2.210%

2.245%

2.280%

2.315%

2.350%

2.385%

2.420%

2.455%

2.490%

2.525%

2.560%

2.595%

2.630%

2.665%

55+

2.700%

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C a l P E RS Memb e r P u b l i c a t i o n | L o c a l M i s c e l l a n e o u s

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