City of Riverside California Human Resources
:: California Public Employees' Retirement System (CalPERS)

For benefitted employees, retirement benefits are provided by the California Public Employees' Retirement System (CalPERS), which is a defined benefit plan. Currently, the City has the following retirement contracts:

  1. Local Police (Safety):
    • 1st Tier (RPOA, RPOA Supervisory & RPAA)  - The retirement formula is 3% at age 50 for employees hired before February 16, 2012. The City pays the Employee Share (9%).
    • 2nd Tier (RPOA only) - The retirement formula is 3% at age 50 for new employees hired on or after February 17, 2012.  The employee must pay the Employee Share (9%).
    • 3rd Tier (RPOA, RPOA Supervisory & RPAA)* – The retirement formula is 2.7% at age 57 for new members hired on or after January 1, 2013 and the employee must pay the Employee Share (9% or 12.25% after 12/1/14). Classic members (CalPERS members prior to 12/31/12) hired on or after January 1, 2013 may be placed in a different tier.
  2. Local Fire (Safety):
    • 1st Tier (RCFA & RFMG) - The retirement formula is 3% at age 50 for employees hired before June 10, 2011.  The City pays the Employee Share (9%).
    • 2nd Tier (RCFA & RFMG) - The retirement formula is 3% at age 55 for new employees hired on or after June 11, 2011. The employee must pay the Employee Share (9%).
    • 3rd Tier (RCFA & RFMG)* - The retirement formula is 2.7% at age 57 for new members hired on or after January 1, 2013 and the employee must pay the Employee Share (9% or 12.25% after 6/30/14). Classic members (CalPERS members prior to 12/31/12) hired on or after January 1, 2013 may be placed in a different tier.
  3. Local Miscellaneous:
    • 1st Tier  - The retirement formula is 2.7% at age 55.  The City pays the Employee Share (8%).
    • 2nd Tier - The retirement formula is 2.7% at age 55, and:
      • SEIU and SEIU Refuse employees hired on or after June 7, 2011 must pay Employee Share (8%).
      • IBEW, IBEW Supv., Executive, Elected Officials, Management and Confidential employees hired or sworn in on or after October 19, 2011 must pay Employee Share (8%).
    • 3rd Tier* - The retirement formula is 2% at age 62 for new members hired on or after January 1, 2013 and the employee must pay the employee share as indicated below. Classic members (CalPERS members prior to 12/31/12) hired on or after January 1, 2013 may be placed in a different tier.
      • All Local Miscellaneous members must pay the Employee Share (7%).

*For additional information on the Public Employees’ Pension Reform Act (PEPRA) of 2013, please visit the CalPERS website.

Retirement Plan Highlights

For CalPERS benefit plan and enrollment highlights, please review the Retirement Plan Flier. The CalPERS member booklets for the Local Safety and Miscellaneous Group contain complete details on retirement benefits. The member booklets can be found on the CalPERS website at www.calpers.ca.gov. Also, you may access member booklets by clicking on the links below:

Retirement Forms

CalPERS Retirement Formula Summary
Group Retirement Formula Effective Date*
Safety Fire 2.7% @ 57
3% @ 55
3% @ 50
3% @ 55
2% @ 50
1/1/2013 (new members)
6/11/2011
6/2/2006
5/10/2002
6/27/1975
Safety Police 2.7%@ 57
3% @ 50
3% @ 55
2% @ 50
1/1/2013 (new members)
12/17/2004
9/28/2001
6/27/1975
Miscellaneous 2% @ 62
2.7% @ 55
2% @ 55
2% @ 60
1/1/13 (new members)
8/30/2002
5/20/1994
7/1/1971
*The formula in effect at the time of an employee's retirement is the formula used to determine CalPERS retirement benefits unless that formula provides for a reduction of benefits compared to the retirement formula that was in effect when the employee was hired.
CalPers
 
CalPERS
Benefit Information
Get Adobe Acrobat Get Adobe Acrobat
QUESTIONS?
Contact the
Human Resources Department
Telephone: (951) 826-5639
Fax: (951) 826-2421
Email: Citybenefits@riversideca.gov

Monday-Friday . . . 8am-5pm PDT