Form 0890 First Tier Future Election Package - California

Form 0890 or the "First Tier Future Election Package" is a form issued by the California Public Employees' Retirement System.

A PDF of the latest Form 0890 can be downloaded below or found on the California Public Employees' Retirement System Forms and Publications website.

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California Public Employees’ Retirement System
Customer Account Services Division
Retirement Account Services Section
P.O. Box 942704
Sacramento, CA 94229-2704
TTY: (877) 249-7442
888 CalPERS (or 888-225-7377) phone | Fax: (800) 959-6545
www.calpers.ca.gov
Dear Member,
Thank you for your interest in converting your State Second Tier Miscellaneous or Industrial
credited service to the State First Tier retirement formula. It is important to understand that
converting to the First Tier retirement formula is a voluntary decision that will require you to make
increased monthly retirement contributions. Your decision to convert to the First Tier retirement
formula is irrevocable. Therefore, please fully evaluate your retirement needs prior to making this
irrevocable conversion.
Converting from the State Second Tier Miscellaneous or Industrial retirement formula to the State
First Tier Miscellaneous or Industrial retirement formula is a two-step process.
Step 1 - Elect First Tier for Future Service:
Elect into the First Tier Retirement Formula by completing the attached First Tier Future
Election Document and Justification for Absence of Spouse or Registered Domestic
Partner’s Signature (if applicable). When you complete this election, you are authorizing
CalPERS to change your CalPERS retirement formula from the State Second Tier to the
State First Tier retirement formula on a prospective (future) basis. When your CalPERS
retirement formula has been changed to the First Tier, you will begin having First Tier
retirement contributions withheld from your paycheck on a prospective basis.
Step 2 - Convert Past Second Tier Service:
While you remain a member of CalPERS, at any time prior to retirement and after you
begin contributing under the First Tier retirement formula, you may submit the Tier
Conversion Cost Information Request form to initiate the process to convert your past
Second Tier service to the First Tier retirement formula.
In order to convert past Second Tier service, you must meet all of the following
conditions:
You are not retired;
You were an active State member on or after January 1, 2000; and,
You have State Second Tier service credit with CalPERS.
Upon receipt of your Tier Conversion Cost Information Request form, CalPERS will
provide you with the cost package for converting your past Second Tier service which
includes the election form(s) and available payment options.
If you are an active member and select a payment plan to pay for the conversion, the
deductions for this election will be in addition to your regular, ongoing retirement
contribution withholdings.

Download Form 0890 First Tier Future Election Package - California

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