FIREd 5 yrs 10 months and haven't missed a payday. I am disappointed in the cola calculation, as my year of retirement(2008) is not getting a full 2%. Last cola adjustment 1.5% while others are getting the 2% cola adjustment.
Many options when setting up eventual retirement withdraw. Do your homework because the choices are permanent. You must plan to meet the officials face to face in order sort out all of the choices.
It took nearly 30 years to amass enough time in system to make it work for me.
I currently have the lion's share of the health benefit paid for, but I add in my part on a monthly basis.
If you are just now entering the system your benefit will be much different than the current retirees. Check out the CALPERS website and read carefully all intheir available PDFs that explain almost everything that you might encounter. There is currently a 2 tiered system.
One of the few disappointments I have is the inability to work for any other PERS entity and still receive my pension, I. E. Working part time in my local city's parks dept. for fun and profit, which is considered dbl dipping and illegal presently.