Teammate Handbook Cover

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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

percent @

55

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

2.5% at 55 Beneft Formula Minimum Age for Retirement 50

Age

Exact Year

¼ Year

½ Year

¾ Year

50 51 52 53 54

2.000%

2.025%

2.050%

2.075%

2.100%

2.125%

2.150%

2.175%

2.200%

2.225%

2.250%

2.275%

2.300%

2.325%

2.350%

2.375%

2.400%

2.425%

2.450%

2.475%

55 or older

2.500%

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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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