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Benefits November 20, 2008
CalPERS Posts Retirement Preparation Checklist for Members
November 20, 2008 (PLANSPONSOR.com) - The California
Public Employees' Retirement System (CalPERS) has posted a
retirement checklist providing links to resources on its Web
site and the time before a worker's retirement when the
person should take steps to prepare.
Reported by Fred Schneyer
The list presents steps that need to be taken:
- a year before retirement,
- nine months prior,
- six months prior,
- four to five months prior,
- three to four months prior, and
- after retirement.
For example, 12 months before retiring, CalPERS recommends its members use its retirement planning calculator to estimate their monthly benefit, enroll in a member education class, consider buying extra service credit and estimate the cost of doing so, and contact CalPERS if the pre-retiree has a community property claim on their retirement benefits.
The Web page also provides a list of links to important publications and other resources. The page is available here .
As of June 30, 2008, CalPERS provided benefits to 1,126,133 active and inactive members and 476,252 retirees. CalPERS has $178.8 billion in assets.