PORAC > Agencies with 3% @ 50 Retirement

Agencies with 3% @ 50 Retirement

The California Public Employees’ Retirement System (CalPERS) and 37 Act Counties offers a 3% at 50 retirement benefit plan for local safety members. A number of agencies have already contracted to provide this plan. Because of the substantial benefits associated with 3% @ 50, this page was developed to act as an informational resource on this plan by providing a formula on how to calculate an individual’s final compensation, and displaying a graph listing the final percentage of compensation depending upon years of service and age at retirement.

We will be keeping viewers of this page updated throughout the year on the names of the agencies that have included this benefit for their members. These names will be updated as agencies are added. Listed below is a list of the agencies who currently have the 3% @ 50 retirement benefit for their members:

TOTAL: 251 agencies with 3% @ 50

  • Alameda
  • Alhambra
  • Alpine County
  • Amador County
  • Anaheim
  • Angels Camp
  • Antioch
  • Arcadia
  • Arcata
  • Atherton
  • Auburn
  • Azusa
  • Bakersfield
  • Banning
  • Barstow
  • BART
  • Beaumont
  • Bell
  • Belmont
  • Benicia
  • Berkeley
  • Beverly Hills
  • Bishop
  • Blythe
  • Brawley
  • Brea
  • Brentwood
  • Buena Park
  • Burbank
  • Butte County
  • CA State University Police
  • Calaveras County
  • California City
  • Campbell
  • Capitola
  • Carlsbad
  • Carmel
  • Ceres
  • Chico
  • Chino
  • Chula Vista
  • Claremont
  • Clear Lake
  • Cloverdale
  • Clovis
  • Cocton
  • Colusa County
  • Concord
  • Contra Costa County
  • Corning
  • Corona
  • Coronado
  • Costa Mesa
  • Cotati
  • Covina Culver City Cypress
  • Davis
  • Dos Palos
  • Downey
  • East Bay Regional Parks
  • El Cajon
  • El Cerrito
  • El Dorado County
  • El Monte El Segundo
  • Escalon
  • Escondido
  • Eureka
  • Fairfax
  • Fairfield
  • Folsom
  • Fontana
  • Fontana City Schools
  • Fortuna
  • Foster City
  • Fountain Valley
  • Fremont
  • Fullerton
  • Garden Grove
  • Gardena
  • Gilroy
  • Glendale
  • Glenn County
  • Grass Valley
  • Gridley
  • Half Moon Bay
  • Hawthorne
  • Hayward
  • Healdsburg
  • Hermosa Beach
  • Hillsborough
  • Hollister
  • Humboldt County
  • Huntington Beach
  • Huntington Park
  • Imperial County
  • Indio
  • Inglewood
  • Inyo County
  • Irvine
  • Irwindale
  • Jackson
  • Kensington
  • Kern County
  • La Habra
  • La Mesa
  • LaVerne
  • Lincoln
  • Livermore
  • Lodi
  • Lompoc
  • Long Beach
  • Los Alamitos
  • Los Altos
  • Los Angeles City Schools
  • Los Banos
  • Los Gatos
  • Madera
  • Mammoth Lakes
  • Manhattan Beach
  • Manteca
  • Marin County
  • Marina
  • Mariposa County
  • Marysville
  • Menlo Park
  • Merced
  • Milpitas
  • Modesto
  • Modoc County
  • Mono County
  • Monrovia
  • Montebello
  • Monterey
  • Monterey County
  • Monterey County Probation
  • Monterey Peninsula Airport,
  • Morgan Hill
  • Morro Bay
  • Mountain View
  • Murrieta
  • Napa
  • Napa County
  • National City
  • Nevada City
  • Nevada County
  • Newark
  • Newman
  • Newport Beach
  • Oakland
  • Oceanside
  • Ontario
  • Orange
  • Orange County
  • Orange County Probation
  • Orland
  • Oxnard
  • Pacific Grove
  • Palm Springs
  • Palo Alto
  • Palos Verdes Estates
  • Paradise
  • Petaluma
  • Piedmont
  • Pittsburg
  • Placentia
  • Placer County
  • Placerville
  • Pleasant Hill
  • Pleasanton
  • Pomona
  • Redding
  • Redlands
  • Redondo Beach
  • Redwood City
  • Richmond
  • Riverside
  • Riverside County
  • Rocklin
  • Rohnert Park
  • Roseville
  • Sacramento
  • Sacramento County
  • Salinas
  • San Anselmo
  • San Bernardino County
  • San Bruno
  • San Carlos
  • San Diego
  • San Diego City Schools
  • San Diego County
  • San Diego Harbor
  • San Fernando,
  • San Gabriel
  • San Joaquin County
  • San Leandro
  • San Luis Obispo
  • San Luis Obispo County
  • San Marino
  • San Mateo
  • San Mateo County
  • Santa Ana
  • Santa Ana School
  • Santa Barbara
  • Santa Barbara County
  • Santa Clara
  • Santa Clara County
  • Santa Cruz
  • Santa Cruz County
  • Santa Maria
  • Santa Monica
  • Santa Paula
  • Santa Rosa
  • Scotts Valley
  • Seal Beach
  • Seaside
  • Sebastopol
  • Shasta County
  • Signal Hill
  • Siskiyou County
  • Sonoma
  • Sonoma County
  • Sonora
  • South Gate
  • South Lake Tahoe
  • St. Helena
  • Stanislaus County
  • Stockton
  • Suisun City
  • Sunnyvale
  • Susanville
  • Sutter Creek
  • Torrance
  • Tracy
  • Truckee
  • Tuolumne County
  • Turlock
  • Ukiah
  • Union City
  • University of California Police
  • Vacaville
  • Vallejo
  • Ventura
  • Visalia
  • Walnut Creek
  • Watsonville
  • West Covina
  • Westminster
  • Whittier
  • Williams
  • Willows
  • Yuba City

Requirements

The 3 % @ 50 benefit is a negotiated benefit for all agencies who are currently contracted with CalPERS. Safety members must have at least five years of service to be eligible for this retirement plan. There is no minimum age requirement for local safety members. There are some exceptions to the five-year requirement. Your regional CalPERS office can tell you if you qualify for this exception.

Estimating Retirement Allowance

Retirement allowances are estimated based upon years of service credit, a benefit factor and final compensation. Your CalPERS Annual Member Statement contains your current service credit. Additional credit can then be added depending upon a projection of your final retirement date.

The benefit factor is the percent of pay you are entitled for each year of service. Under this plan, the percentage of pay to which you are entitled cannot exceed 90% of your final compensation.

Final compensation is your average monthly pay rate for the last employment period of either 36 months or 12 months, depending upon your employer’s contract with CalPERS.

Example

If you will be retiring at age 50 with 18.5 years of service, your percent of final compensation might look like this:

18.5 x3% = 55.5%
Years of ServicePercent per year Based upon age at Retirement (see table below)Percent of Final Compensation

NOTE: Peace officers can now obtain a maximum benefit of 90%.

Age505152535455+
Benefit Factor3%3%3%3%3%3%
Years of Service
515% 15% 15% 15% 15% 15%
618% 18% 18% 18% 18% 18%
721% 21% 21% 21% 21% 21%
824% 24% 24% 24% 24% 24%
927% 27% 27% 27% 27% 27%
1030% 30% 30% 30% 30% 30%
1133% 33% 33% 33% 33% 33%
1236% 36% 36% 36% 36% 36%
1339% 39% 39% 39% 39% 39%
1442% 42% 42% 42% 42% 42%
1545% 45% 45% 45% 45% 45%
1648% 48% 48% 48% 48% 48%
1751% 51% 51% 51% 51% 51%
1854% 54% 54% 54% 54% 54%
1957% 57% 57% 57% 57% 57%
2060% 60% 60% 60% 60% 60%
2163% 63% 63% 63% 63% 63%
2266% 66% 66% 66% 66% 66%
2369% 69% 69% 69% 69% 69%
2472% 72% 72% 72% 72% 72%
2575% 75% 75% 75% 75% 75%
2678% 78% 78% 78% 78% 78%
2781% 81% 81% 81% 81% 81%
2884% 84% 84% 84% 84% 84%
2987% 87% 87% 87% 87% 87%
30+90%max 90%max 90%max 90%max 90%max 90%max

There are exceptions to the general guidelines outlined above. Please contact your regional CalPERS office or contact CalPERS Retirement Program Services at (800) 352-2238 for more detailed information.