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	<title>New answer on: What Kind Of Retirement Plan Is Calpers?</title>

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		<title>By: David Pipes</title>

		<link>https://www.insurancelibrary.com/retirement-plans/what-kind-of-retirement-plan-is-calpers</link>

		<dc:creator>David Pipes</dc:creator>

		<pubDate>Tue, 27 May 2014 15:33:53 +0000</pubDate>

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		<description><![CDATA[CalPers is a defined benefit pension plan.  Most defined benefit pension plans are employer paid, CalPers is a combination or hybrid plan with both the participant and the department employing them contributing to the plan.  Participants do not have individual accounts but the retirement benefit is calculated by a formula that is basically years of service, age and highest income.  CalPers has several plans, though and so benefits differ. ]]></description>

		

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