1. CalPERS Benefits and Resources Designed for BAM

2. Agenda Website tips Regional Offices CalPERS Retirement Additional Information & Resources

3. CalPERS Website Powered by Google Employers have their own area to locate business related information State Reference Guide are available to help answer business related questions Email subscriptions are available to stay up to date with current information

4. Contacting CalPERS Telephone (888-225-7377) Confidential inquiry via my|CalPERS allows employers to send a secure message. Most questions are answered within 5 business days

5. Regional Offices Eight Regional Offices are located throughout California with the purpose of assisting members and helping them understand their benefits Group classes and one on one assistance is available at each Regional Office location

6. Regional Offices 2 Assistance is also provided to retirees for several reasons such as beneficiary changes, changes due to a move, special Power of Attorney, or even questions about forms

7. CalPERS Retirement Three different types of retirement are available to CalPERS members To learn about each, CalPERS offers retirement publications which contain information about each type of retirement

8. Service Retirement Service retirement is often called “normal retirement” Members must meet certain age and vesting requirements before eligibility Once a retirement option is chosen the member will receive a lifetime benefit

9. Disability Retirement Disability retirement is available to all members credited with at least five years of service credit who suffer from a mental or physical incapacity for the performance of the usual duties Disability workshops Contact 916-795-2127

10. Industrial Disability Retirement Industrial Disability Retirement is available to all Safety members who suffer from a mental or physical incapacity for the performance of their duties. There are no age or vesting restrictions

11. Service Retirement Calculation Three factors are used to calculate a service retirement. Service Credit, Benefit Factor and Final Compensation are each used to compute a service retirement calculation

12. Service Credit Service credit is one of the three factors in the service retirement calculation. Service credit is earned by fiscal year, July 1 to June 30. During this time period, CalPERS members have an opportunity to earn one year of service credit.

13. Earning Service Credit Monthly paid employees can earn one year service credit by working 10 full time months

14. Earning Service Credit 1 Daily paid employees can earn one year service credit by working 215 days

15. Earning Service Credit 2 Hourly paid employees can earn one year service credit by working 1,720 hours

16. Service Credit Purchase Options Service credit purchase options allow a member, if they qualify to purchase additional service credit which will increase their retirement benefit Publication 12 contains all necessary information to make a election

17. Benefit Factor The benefit factor is the second factor in the retirement calculation. The benefit factor is based on your retirement formula and your age at retirement

18. Final Compensation Final compensation is the third factor in the retirement calculation. Your membership date with CalPERS will determine if CalPERS uses the highest 12 or 36 months to determine your averaged final compensation

19. Additional Resources CalPERS provides two helpful calculators to help members understand their retirement benefits and also to help members determine if a service credit purchase is right for them

20. my|CalPERS Personal Accounts my|CalPERS can help you gain a better understanding of your CalPERS benefits By logging into the my|CalPERS sytem you can run retirement estimates, view your health benefits, update your beneficiary and much more

21. Managing Life Events Its important to understand that certain life events can impact your health and retirement benefits Marriage, death, domestic partnership, and divorce are all considered life events and will revoke an existing beneficiary designation

22. Beneficiary Designation If your beneficiary designation is revoked and there is no designation in effect at the time of your death, benefits will be paid to your statutory beneficiary

23. CalPERS Special Power of Attorney A CalPERS Special Power of Attorney allows you to designate a representative to conduct your retirement affairs if you become incapacitated

24. Power of Attorney By identifying a Power of Attorney and submitting the form to CalPERS you are allowing another representative to change your address, change tax withholdings, endorse checks, update beneficiary designation, and retirement benefit elections

25. Reporting Death of Active Member If you know of an employee who has passed away, please contact the CalPERS Call Center and provide some basic contact information CalPERS will also ask for a copy of the “Report of Separation For Death – Request for Payroll Information”

26. Imminent Death CalPERS would also ask that you notify our Call Center when you have an employee who is experiencing imminent death. Please provide basic contact info and we will send a CalPERS representative to assist the family

27. Employer and Member Education CalPERS offers employer training classes that focus on retirement laws and navigating within the my|CalPERS system. If you deal with Disability Retirement, we have a three hour training to help your understanding of the process.

28. Thank you We are pleased to serve those who serve California