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California Public Employees' Retirement System (CalPERS)

Replacement Benefit Plan and Roll Processing Analyst

Career Insights for Compensation / Benefits Analyst

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What they do

A Compensation or Benefits Analyst evaluates and works to maintain the pay structure and benefits program at an organization. Analyzes wage and salary data and trends, monitors market conditions; works with benefits vendors, processes benefit claims for employees; monitors government employment regulations. May focus specifically on job classifications and compensation or on benefits programs such as pensions.

$88,848 / year median in California

-2% projected decline

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Job Description

Replacement Benefit Plan and Roll Processing Analyst California Public Employees' Retirement System (CalPERS) Sacramento, CA Job Details Full-time $6,031 - $7,547 a month 19 hours ago Benefits Health insurance Dental insurance 401(k) Paid time off Vision insurance Opportunities for advancement Retirement plan Qualifications Benefits administration Mid-level Full Job Description
APPLY HERE
https://calcareers.ca.gov/CalHrPublic/Jobs/JobPosting.aspx?

JobControlId=528712 The California Public Employees' Retirement System (CalPERS) is the nation's largest public pension fund, providing retirement and health benefits to public employees, retirees, and their families. Headquartered in downtown Sacramento, we are a destination employer with an international reputation for leadership and innovation. At CalPERS, we're committed to people - the people we serve, our team members, and the larger community around us. CalPERS is situated near the Napa Valley, San Francisco, Lake Tahoe, and other desirable destinations, and we offer competitive benefit packages, compensation, and opportunities for advancement.
Anticipated Interview Dates:
We anticipate holding in-person interviews beginning the week of September 7, 2026. We look forward to meeting with you! Do you enjoy working in a fast-paced environment? Do you enjoy helping members and collaborating with business partners? If you answered yes to these questions, you may have found the job you are looking for. Come join our CalPERS Team! The Retirement Benefit Services Division (RBSD) provides benefits that exceed $1 billion. Services include eligibility and calculation of service and disability retirements, pre- and post-retirement survivor benefits, adjustments, and ongoing maintenance of weekly and monthly benefits. Our RBSD - Internal Revenue Code 415b and Roll Processing Unit is currently seeking an Analyst II to perform complex analytical duties pertaining to the Replacement Benefit Plan, applying federal limits to benefits, annual billing and collection of monies due for the program, processing of our weekly and monthly benefit rolls, and drive our CalPERS Mission.
Telework Information:
This position is eligible for an office-centered hybrid schedule with up to two days of telework and three days or more on-site, per week.
Sponsorship:
This position is not eligible for visa sponsorship. Applicants must be authorized to work in the United States without the need for visa sponsorship. CalPERS does not participate in E-Verify for employment authorization purposes. Effective July 1, 2025, The California Department of Human Resources (CalHR) implemented the Personal Leave Program 2025 (PLP 2025).
PLP 2025
directs that each employee shall receive a 3 percent reduction in pay in exchange for 5 hours
PLP 2025
leave credits, monthly. The salary range(s) included in the job advertisement do not reflect the 3 percent reduction in pay.
Pay:
$6,031.00 - $7,547.00 per month
Benefits:
401(k) Dental insurance Health insurance Paid time off Retirement plan Vision insurance
Work Location:
Hybrid remote in Sacramento, CA 95811