Exhibit 1: Annual Retirement Benefits for a Defined Benefit Plan California Public Employees’Retirement System (CalPERS) members who are involved in law enforcement, fire suppression, the protection of public safety, or in a position designated by law as state safety.
Using Exhibit 1, what would the annual pension be for a police officer who is 50 yearsold, is retiring with 21 years of service, and who’s final annual salary is $120,000?
