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Frequently Asked Questions

What is an ARP rollover payment option?

This payment option allows employees to roll over funds from their ARP account to an Individual Retirement Account (IRA), 457 (b), 401 (k) Plan, or 403 (b) Tax Sheltered Annuity as long as the entity sponsoring the plan accepts 401 (a) funds.

How long do ARP funds stay in the ARP account?

Under IRS rules, ARP funds had to remain in the ARP account for 24 months after they became CalPERS contributors. Employees continued to receive ARP statements during this time. Separated employees are eligible to take a distribution of their ARP account, (refer to Section 1048 for further details.)

Are employees enrolled in ARP covered by Social Security?

Employees enrolled in ARP were covered by Social Security. New State miscellaneous and industrial employees hired between August 11, 2004 and June 30, 2013 were enrolled into ARP for 24 months from the date the employee first qualified for CalPERS membership (typically the employee's original hire date).

What does ARP stand for?

The Alternate Retirement Program, or ARP, is a retirement savings program in which certain State employees were automatically enrolled between August 11, 2004, and June 30, 2013 for their first two years of employment with the State of California.

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