Visit the CalPERS website at www.calpers.ca.gov for more information.

A site has also been established at www.calpersresponds.com to answer employee questions and concerns about the viability of CalPERS or how national healthcare reform is expected to impact the CalPERS plans.

Check out my|CalPERS for personalized services service credit, retirement calculators, the CalPERS education center and more or contact CalPERS at (888) 225-7377.

The City participates in the California Public Employees' Retirement System (CalPERS). Participation in this retirement plan is mandatory beginning on the first day of employment. Fullerton does not participate in Social Security. You may retire as early as age 50 if you have 5 years of service credit.

A large portion of your retirement benefits are paid by the City through what is known as the "employer's share," which typically changes each year. The City also pays the full "employee's share" on your behalf. This is 9% of pay for safety employees and 7% for others. The employee's share is not subject to State or Federal tax until receipt, which occurs after separation from City employment via a refund or payment of retirement benefits.

If you wish to retire and are eligible, notify Human Resources Management and your department head at least 90 days before your planned retirement to allow sufficient time to process the necessary papers. This will help to ensure that you receive your first retirement check in a timely manner.

For further information, consult your CalPERS information booklet or contact Human Resources Management. If you wish, you may deal directly with the CalPERS area office at:

California Public Employees' Retirement System
500 North State College Blvd., Suite 750
Orange, CA 92868
www.calpers.ca.gov
Phone (888) 225-7377

Visit the CalPERS website at www.calpers.ca.gov