1937 Act Counties

2014 PEPRA Compensation Limits are $115,064 and $138,077

12-02-2013 |

The 2014 PEPRA Compensation limits are $115,064 and $138,077, based on a nonbinding calculation by the California Actuarial Advisory Panel (CAAP).

The California Actuarial Advisory Panel (CAAP) issued a letter detailing its calculation of the 2014 Compensation limits under PEPRA for New Members.  The limits are:

  • $115,064 for New Members participating in Social Security
  • $138,077 for New Members not covered by Social Security.

PEPRA, the California Public Employees' Pension Reform Act of 2013 specified the method for calculating the compensation limits based on the initial value and subsequent  CPI increases.

CAAP intends to calculate the limits in the future as well as for 2014 since they believe a uniform limit across California public plans, without rounding differences, will ease administration.  However, the CAAP is an advisory organization only and its calculation of the limit is non-binding.

These limits apply to New Members: those who are first hired by a public employer in 2013 or later.  Individuals who move between agencies with, generally, more than a 6-month break are also New Members.
 
CAAP Letter with 2014 Compensation Limits 11-26-2013
 
CAAP website

Brief Summary of PEPRA for CalPERS Agencies

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