CalPERS Posts Retirement Preparation Checklist for Members

November 20, 2008 ( - 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.

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.