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The California Public Employees' Retirement System (CalPERS) is the State of California's retirement system in which the City of Milpitas participates. CalPERS is a defined-benefit retirement plan and it is coordinated with Social Security.
The Public Agency Retirement Services (PARS) is a mandatory retirement savings program authorized by federal law for employees who are not covered by a retirement system. PARS administers the Program for City of Milpitas employees.