Retirement Planning

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Do the following if you are planning to retire:

1. Contact CalPERS

You can submit your retirement application online up to 120 days prior to your planned retirement date.

  • Register or log into myCalPERS to submit your retirement application.
  • CalPERS provides helpful resources to help you
    • create retirement estimates
    • take online CalPERS retirement classes
    • sign up for instructor-led retirement courses
    • watch informational videos and webinars
    • register for retirement counseling appointments

The nearest CalPERS regional office is:

Walnut Creek Regional Office
1340 Treat Blvd, Suite 200
Walnut Creek, CA 94597
(888) 225-7377

2. Contact Social Security (if age 65+/disabled, at least 3 months PRIOR to your retirement)

Your Social Security benefits are separate from your CalPERS benefits. If you're eligible to receive Social Security benefits, call the Social Security Administration at (800) 772-1213 or visit their website at www.ssa.gov before you retire.

You can enroll in Kaiser's Senior Advantage plan through the City, which covers Medicare Parts C (which includes A, B, and D). You are given the enrollment form when scheduling your exit interview. Please note that you cannot elect both Medicare and COBRA at the same time, as enrolling in one disqualifies you from the other. 

 

3. Contact HR

Once you have submitted your paperwork to CalPERS, submit a retirement letter to the Human Resources Technician assigned to your department:

Amber Te'o

  • Police
  • City Manager's Office
  • Parks & Rec Full Time

Vanessa Opperud

  • Fire
  • Information Technology
  • Community Development
  • Parks & Rec Part Time

Andrew Perez

  • Public Works
  • Finance
  • Human Resources 

Scheduling your exit interview with HR

Approximately three weeks before your retirement, contact HR to schedule your exit interview. In this meeting, we will review the following:

  • Medical, dental, and vision selections
  • Life insurance
  • Retiree health savings accounts
  • Deferred compensation plans (401/457)
  • Leave bank conversions

Review and know the following before your exit interview:

✓ Retiree Benefits Guide
✓ Your Medical, Dental, and Vision selections
✓ Direct Deposit Status
✓ Contact information including address

 

Retiree Benefits 

You and your dependents may keep your current medical, dental, and vision plans through the City’s retirement health benefits program. To continue your medical, dental, and vision coverage, you must make your selection prior to retiring. If no selection is made, active coverage will end on the last day of the month in which you retire. Should you elect coverage with the City, you can make changes to your plan options annually during the City’s Open Enrollment period in December.

Retirees are responsible for paying their full premium costs in a timely manner. Failure to so will result in termination from the program without the right to re-enroll.

 

4. Contact Payroll (for leave bank conversions)

Once you've completed your exit interview with HR, contact payroll at (707) 428-7499 or payroll@fairfield.ca.gov for information on your leave bank cashouts and transferring money into your 457/401 plans.

You may cash out both vacation and sick leave to the max that your MOU states. Your final paycheck includes your leave bank cash-out coded on its own line on your paystub. To process your cash-out, you must send Payroll a leave bank cash-out form.

If you want to deposit your leave bank cashouts into a 457/401 account, you must submit the appropriate 457/401 contribution form (using the converted dollar amount from the cash-out form above) to payroll. Your contributions will still be subject to the annual 457/401 limits.

 

4b. Retiree Health Savings (RHS) 

In your retirement, you may opt to pay for your benefit premiums and other out-of-pocket expenses with your Retirement Health Savings Account (RHS). Though MissionSquare administers your RHS account, they outsource retirement claims processing to a 3rd party administrator called Meritain Health. You can access Meritain's claims by logging into MissionSquare's website at www.icmarc.org/login

 

5. After Your Retirement Date

All payments for your retiree benefit premiums will be made directly to P&A Group, our 3rd party retiree benefits administrator. You will receive communications regarding your monthly benefit premiums from P&A via mail. You can keep up-to-date on your payments by registering your account at www.padmin.com.

If you did not elect medical benefits through the City, P&A will mail you a packet with COBRA election information should you desire to continue coverage underneath your current plan. COBRA coverage generally lasts 18 months before expiration.

Download and print our Retiree Benefits Directory to have easy access to all relevant contact information you will need during your retirement.