Retirement Programs

The majority of 菠菜网lol正规平台 employees retire from the California Public Employees’ Retirement System (CalPERS). CalPERS is a defined-benefit retirement and plan and is coordinated with Social Security. Retirement benefits are calculated using a defined formula (years of service credit, age at retirement, and final compensation are used) rather than contributions and earnings to a savings plan. 

The majority of employees are eligible (if they retire with ten years of service) for retiree:

  • Health benefits
  • Dental benefits
  • Vision benefits*

*Some employees may not be eligible. 

In addition to CalPERS, we also partner with Savings Plus and Fidelity for savings plans such as:

  • 401k 
  • 457 
  • 403b

See Retirement Programs for more information.

 

Faculty are eligible for two additional retirement programs: 

  • Pre-Retirement Time Base Reduction - Allows eligible faculty to work less than full time while still earning full service credit toward retirement for up to five years prior to retiring. 
  • Faculty Early Retirement Program - Allows tenured faculty who are eligible for service retirement to retire and continue teaching for a maximum time-base and duration (currently 50% and 5 years).

See Faculty Retirement Programs for details.