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Retirement

Retirement

The District provides a Retirement Program for all regular employees working half-time or more. The Retirement Program may be provided through a contract with the California Public Employees Retirement System, as is currently provided and may be integrated with the Federal Social Security Program, as is currently provided. The District shall provide the CalPERS 3% @ 60 retirement plan for covered employees hired prior to October 1, 2012, including single highest year computation and credit for unused sick leave. The District shall provide the CalPERS 2% @ 60 retirement plan for covered employees hired on or after October 1, 2012, up through December 31, 2012, including the 36 highest consecutive months’ final compensation provision. All covered employees hired on or after January 1, 2013, who are defined as “new members” under PEPRA will be covered by the 2% @ 62 retirement plan and the 36 highest consecutive months’ final compensation provision.

All employees shall pay 100% of the CalPERS employee contribution. Employees receiving the 3% @ 60 retirement plan currently pay the entire 8% employee contribution, and employees receiving the 2% @ 60 retirement plan currently pay the entire 7% employee contribution, as determined by statute and CalPERS. All covered employees hired on or after January 1, 2013, who are defined as “new members” under PEPRA will pay 50% of the total normal cost of the retirement benefit, as determined by CalPERS.

Safety Employees

The CCSD provides a Retirement Program for all regular employees working half time or more. The

Retirement Program may be provided through contract with the California Public Employees Retirement System (PERS), as is currently provided and may be integrated with Federal Social Security Program, as is currently provided. The CCSD shall provide the CalPERS 3% @ 50 safety retirement plan for covered employees, including single highest year computation, for all employees hired before December 28, 2012. All covered employees hired on or after December 28, 2012 who are not defined as "new members" under the Public Employees Pension Reform Act (PEPRA) will be covered by the 3% @ 55 retirement formula and the 36 highest consecutive months' final compensation provision. All covered employees hired on or after January 1, 2013 and who are defined as "new members" under PEPRA will be covered by the 2.7% @ 57 retirement formula and the 36 highest consecutive months' final compensation provision.

The current employee share contribution to the CalPERS Retirement Program is 9% of wages and is subject to change. Safety employees currently pay the entire 9% employee portion of the CalPERS retirement contributions.

The employee's share of mandated Social Security contributions is paid 100% by the employee, by payroll deduction. The employer's share of mandated Social Security contributions is paid 100% by the employer.

For more information, please review the documents below.

Pre-Retirement Lump-Sum Beneficiary Designation FormCalPERS PEPRA Reform Act of 2013