Sponsors: Double Decker Books. Mount Rainier is the highest and third most voluminous volcano of the Cascade Range. The main cone of this stratovolcano has formed since 730,000 years ago. Photograph of Mount Rainier from STS-64 (STS064-51-27). Image Source: The Earth Observation Images at the Johnson Space Center in Houston, Texas.
CalPERS Retirement Eligibility and Benefits. Eligibility and Vesting. Employees are eligible for service retirement at age 50 or older with five or more years of full-time equivalent CalPERS service credit. Employees must have 5 years of service credit to vest with CalPERS.
You're automatically enrolled in the plan, though in some instances you need to be on the job for a year before you are officially enrolled. Even though you are enrolled and the pension benefits are being credited to you, they aren't 100% yours until you become fully vested; that can take five or more years. As for the investment decisions: You have none. Your employer hires a firm to invest the pension plan's assets.