FAQ - Frequently Asked Questions
When is the best time to retire?
The best time to retire is when you want to retire.
You may want to be on the payroll one or two days into
a month to have your health insurance paid for by the
City for that month. If you plan to retire mid-year,
you should be retired by June 30 in order to receive
any cost-of-living adjustments on July 1.
How much notice must
I give the Retirement Office?
We need to receive your application approximately two
weeks before your effective date of retirement.
I already have direct deposit; will my retirement
allowance go into the existing account?
No, you are leaving the City payroll system and entering
the Retirement payroll system. You will need to arrange
for the direct deposit with the Retirement Office.
Will the deductions I have right now continue to come
out of my retirement allowance?
No, you have to sign up for them separately.
When do I have to sign up for health & dental
Within 60 days of your effective date of retirement.
It’s better to do it as soon as you can to make
sure there’ll be no lapse in coverage. Your active
health coverage only carries you through the end of
the month in which you retire.
When I retire, will my spouse also get a retirement
An eligible spouse will receive a minimum of 2/3 continuance
upon your death. Your spouse must be married to you
at the time you retire and at the time of your death.
Do I still have to pay taxes on my monthly retirement
You have to pay taxes on the portion of your retirement
allowance that is based on the contributions you made
in 1986 or after. That portion of your allowance is
based on your pre-1986 contributions has already been
I will be moving to another state. Do I still have
to pay California State tax?
You may still have California State tax liabilities,
so you may choose to have the City of Fresno Retirement
System continue California State tax withholding. Normally,
we do not withhold California State tax for someone
living in another state. For more information, see
the Retirement Handbook for your system located on
Retirement Web page.