Cryptocurrency Q&A
Is CalPERS pension for life?
Is CalPERS pension for life?
Giulia
Mon Oct 28 2024
|
7 answers
1886
I'm wondering if the CalPERS pension is a lifelong benefit. I want to know if I can receive pension payments from CalPERS for the rest of my life, or if there's a limit to how long the payments will continue.
7 answers
KatanaBladed
Wed Oct 30 2024
CalPERS is a retirement plan categorized under the 401(a) Defined Benefit Plan.
Was this helpful?
314
57
CryptoTitan
Wed Oct 30 2024
The key aspect of this plan is that the benefit amount you receive is not based on your contributions.
Was this helpful?
95
74
EthereumElite
Wed Oct 30 2024
Instead, your benefit is calculated using a predetermined formula.
Was this helpful?
342
71
JejuJoy
Tue Oct 29 2024
This formula takes into account various factors such as your salary and years of service.
Was this helpful?
357
25
NebulaPulse
Tue Oct 29 2024
Once you meet the eligibility criteria and retire, you will receive a benefit that is payable for the rest of your life.
Was this helpful?
181
83
Load 5 more related questions
