Calpers Paydays 2025 California Time. The department of finance (finance), fiscal systems and consulting unit, prescribes the beginning and ending pay period dates. We use the cpi at the time of retirement to calculate what your value of money should be when we adjust for cola.

10 months full time (monthly pay employees) service credit for retirement purposes may differ from the service credit used by your employer for accrual of leave time. Benefits are paid at the beginning of the month for the previous month’s benefits.