Teammate Handbook Cover

3 percent 60 @

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 60.

3% at 60 Beneft Formula Minimum Age for Retirement 50

Age at Retirement

Exact Year

¼ Year

½ Year

¾ Year

50

2.000%

2.025%

2.050%

2.075%

51 52 53 54 55 56 57 58 59

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%

2.500%

2.525%

2.550%

2.575%

2.600%

2.625%

2.650%

2.675%

2.700%

2.725%

2.750%

2.775%

2.800%

2.825%

2.850%

2.875%

2.900%

2.925%

2.950%

2.975%

60 or older

3.000%

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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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