When Can I Collect My Calpers?
The WEP may reduce Social Security benefits for those who receive any portion of their pension not covered by Social Security, and also qualify for benefits based on other Social Security-covered earnings. Below is detailed information that may apply to you as a CalPERS member: Not all CalPERS members are…
What happens if you take a CalPERS lump sum?
If you choose to take a refund of your CalPERS retirement contributions in a lump sum, Social Security will still calculate the reduction as if you had chosen to receive monthly payments for your government pension. The WEP may not apply if you have 30 or more years of substantial earnings in employment where you paid Social Security taxes.
Is there a maximum age factor for CalPERS?
All retirement formulas have a maximum benefit factor or “age factor,” ranging from age 50 to age 67. Once you reach the maximum age factor, your pension stops increasing unless you are still working and earning more years of service. There is no time frame to submit my retirement application.
