Management Option Purchase Formula In San Diego
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To be eligible for service retirement, you must have at least five years of CalPERS-credited service and be at least age 50, 52, or 55 depending on your retirement formula . If you have a combination of classic and PEPRA service, you may be eligible to retire at age 50 .
As a general rule, military service in the Armed Forces of the United States is creditable for retirement purposes if it was active service terminated under honorable conditions, and performed prior to your separation from civilian service for retirement.
Claimants who are in active military service are considered fully employed. They are in receipt of wages and are not entitled to file claims regardless of whether or not they are currently performing services.
Military Service is treated as prior employment. To receive credit for your military service toward your retirement, all military service must be Honorable or General to complete a buyback.
