* Non-Member must pay “Option 4” cost to have lifetime benefit.
Public Employees’ Pension Reform Act (PEPRA) Compensation Limit for 2020:
The California Actuarial Advisory Panel (CAAP) issued a letter detailing its calculation of the 2020 Compensation limits under PEPRA for New Members. The limits are:
- $126,291 for PEPRA coordinated by Social Security
- $151,549 for PEPRA not Coordinated by Social Security
IRC 401(a)(17) Limit 2020:
Annually in, CalPERS will issue a Circular Letter to all CalPERS employers informing them of the annual limits for that year. The Social Security Participant status also defines the annual limit. The compensation limit for classic members for the 2020 calendar year is $285,000. This compensation limit applies to members hired after July 1, 1996. Members employed prior to July 1, 1996 have no compensation limits.