Calpers Golden Handshake Rules 2025. When Does Calpers Announce 2025 Cola Shea Yettie Current law allows for a Golden Handshake to provide an additional two years of service credit An example of how a golden handshake program can increase pension debt is Folsom, a city on the American River at Folsom Lake that grew from 11,003 residents in 1980 to an estimated 79,022 last year with an average household income of $102,692 (Wikipedia).
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An employer must rst amend its CalPERS pension contract to include GC section 20903 for the member category in which it wishes to oer the Golden Handshake Learn more about inactive agencies' responsibilities regarding CalPERS benefits
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The amendment process takes approximately three to four months to complete Current law allows for a Golden Handshake to provide an additional two years of service credit An employer can contact CalPERS at pensioncontracts@calpers.ca.gov
CalPERS COLA 2025 Everything You Need to Know We Make Government Benefit. Be sure to review our Employment After Retirement publication (PDF) for specific guidelines and restrictions An example of how a golden handshake program can increase pension debt is Folsom, a city on the American River at Folsom Lake that grew from 11,003 residents in 1980 to an estimated 79,022 last year with an average household income of $102,692 (Wikipedia).
Golden Handshake definition. California Public Employees' Retirement Law (PERL) 2025: All CalPERS Employers; 2/5/2025: 200-008-25: Governmental Accounting Standards Board (GASB) Statement 68 Cost-Sharing Reports for Measurement Date June 30, 2024 New Affordable Care Act Rules and Notice Important for CalPERS Employers: CalPERS Public Agencies, Schools, Individual.