Refunds and Reciprocity

Leaving Employment (Refunds):  Employees leaving CalPERS-covered employment but not retiring can either leave funds on account with CalPERS or take a refund of employee contributions.

Reciprocity (Changing Retirement Systems): Reciprocity allows employees to move from one retirement system to another without losing benefits. CalPERS reciprocal agreement with other California public retirement systems can allow employees to coordinate benefits between the two systems when at retirement.