RETIREMENT INFORMATION
All employees except student workers pay into a retirement system - CalPERS, CalSTRS, or PARS.
CalSTRS - California State Teachers Retirement
A Defined Benefit Plan in combination with a supplemental benefits plan, providing retirement and disability benefits. Requires employee contribution of 8% of earnings, paid through payroll deduction on a pre-tax basis. Annual statements are issued by STRS in late fall.
Visit www.calstrs.com for additional information. 800-228-5453
CalPERS - California Public Employees Retirement System
A Defined Benefit Plan providing retirement and disability benefits. Requires employee contribution of 7% of salary, paid through payroll deduction on a pre-tax basis. This system coordinates with Social Security. Annual statements are issued by PERS in late fall.
Visit www.calpers.ca.gov for additional information. 800-352-2238
PARS - Public Agency Retirement System
A Defined Contribution Plan providing alternative retirement benefits for associate faculty and limited-term employees who are not members of CalSTRS or CalPERS. Requires employee contribution of 3.75% of salary, paid through payroll deduction on a pre-tax basis.
Statements are available by request of PARS. 800-540-6369.