Retirement

The City of Carlsbad participates in the CalPERS retirement system, providing a defined benefit pension plan.

Sworn CPOA employees who are new to CalPERS are enrolled under the 2.7% at 57 retirement formula. Sworn employees contribute 14% of their salary on a pre-tax basis toward the plan. CalPERS Classic members contribute 9% to 2.7% at 55.
Non-sworn employees new to CalPERS are enrolled under the 2% at 62 formula.

To support your long-term financial goals, the city also offers a 457 deferred compensation plan through Mission Square Retirement, which includes a Roth option for added flexibility.

These retirement options are designed to help you plan for a secure future on your terms.