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

1. Local Safety Group (Fire and Police only): The retirement formula is 3% at age 50.
2. Local Miscellaneous Group: The retirement formula is 2.7% at age 55.

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 booklet can be found on the CalPERS website at www.calpers.ca.gov. Also, you may access member booklets by clicking on the links below:

• CalPERS Retirement Booklet
• CalPERS Local Miscellaneous Benefits
• CalPERS Local Safety Benefits