The City of Stockton participates in CalPERS in lieu of Social Security. Contributions are made by the City on behalf of each participating employee and by the employee. The City receives annual reports from CalPERS; links to the CalPERS annual reports are provided under External Links at the bottom of this webpage.
Subscribe to CalPERS Member Education Bulletin to receive email notifications for CalPERS educational events, including:
The following restrictions applicable to retired annuitants are suspended for the duration of the state of emergency caused by the COVID-19 pandemic:
Retired annuitants hired during the state of emergency are required to complete the below Retired Annuitant COVID-19 Acknowledgement form before starting employment. Please see the Circular Letter for additional information.
Frequently asked questions about CalPERS and COVID-19 can be found here:
The 457 Deferred Compensation Plan is a supplemental retirement savings program for contributions on a pre-tax basis. Federal and state income taxes are deferred until assets are withdrawn, usually during retirement when in a lower tax bracket.
An employee's Deferred Compensation Plan beneficiary designation takes precedence over a will. Employees must update their beneficiary designation when:
Employees may update beneficiary designations at any time using the Change of Beneficiary form below. Forward the completed form to the Human Resources Department.
Employees can borrow against their Deferred Compensation Plan contributions.
An Empower Retirement Education Specialist visits City locations weekly throughout the year.
Visit Contact Us for an Empower representative.
California Public Employees Retirement System (CalPERS)
This City of Stockton web page last reviewed on --- 12/8/2022