What are the basics of CalPERS retirement benefits? I'm considering applying for a job with my City (in California), which would mean getting CalPERS retirement benefits. The starting wage is posted, and I want to know a rough estimate of what that would translate to in retirement benefits, and roughly how much I would have to contribute (if any). I looked at the website and there were no specifics. Can anyone give me a rule of thumb on calculating the benefits? I.E., 5% of salary, etc. The job is administrative (Management Analyst). Thanks!

Can you request a refund from your CALPERS retirement account after quitting a school job?

Is there supposed to be a tax form coming if i cashed out my CalPERS reitrement? I recently resigned from my job and cashed out my CalPERS retirement. the money came from my 403 B or something like that, so it was money that they took away from my salary. I was taxed on it already, and was told i have to claim that as income? Does anyone know what form its called?

I am enrolled in CalPERS through my employer, can I also open my own Roth IRA? I work for a school district that automatically makes my contribution (7%) as well as their contribution (~7%) to my CalPERS retirement account. Since no money is being taken out of my paycheck for this, I wanted to know if there is anything legally preventing me from opening my own Roth IRA account as an additional way of saving for my retirement.

Rollover form Calpers to a Vanguard IRA? Has anyone actually rolled over their Calpers retirement money to another IRA? How difficult is it to do this? I have the form from Calpers. Do I just fill this out and put the Vanguard account number on it and send it to Calpers. Is that really all there is to it?

How much of his Retirement from calpers can I get from our divorce? And where do I start the process? I was a stay at home mom for 20 years married with 3 kids for 13, he walked out when the kids and i were on vacation to be with his boss. i took care of his demented grams and retarded uncle for 5 years. He has physical custody pending a phych eval for me questioning my parenting judgements. I am unemployed with no family in the US, he was a correctional officer for 13 years, and has full retirement after an injury. He has a new place, furniture and a new mustang convertable. He made no provisions for us for 3 months after returning, and I am not a Gold Digger. I was a wife and a good mother, He just decided he wanted to be free to fish in the ocean of women who catered to his ego. His boss is a divorce with 4 kids, and is independent. But she fired him so he wont show income aside from the retirement, and Im sure will rehire him after the divorce. I gave 20 years to this man, half my life. I think I deserve half of what was OUR retirement. Right?

Can u withdrawl from a CALpers account? If I am the ex-wife of someone who owns a CALpers retirement account and have been awarded thru divorce court to receive 50% of that can I withdrawl monies even though he has not retired and will not retire for another 12 yrs. (probably)

can a probate inheiritance be siezed to settle a tax lein? basically I have a $15,000 tax lein from the state of california. My brother passed away intestate (without a will). The administrator concurrs that I am the sole heir. My brother did, however, name me as the beneficiary of his CalPers retirement fund. The value of the retirement distribution will be approximately $45,000. Can the state attach the distribution prior to the probate administrator actually distributing it to me?

are the calpers retirement funds in trouble?

How long would I get pension checks for under the CalPers Retirement system for peace officers? Hypothetically, if I put in about 25 years of service and my highest years was about $110,000, how much would I get per year and for how long? What about if I die after retirement? How much would my wife and children get? It is a 3% at 50 plan, by the way.

First-Time Homeowner (CalPERS v.s FHA loan)? My wife and I are preparing to purchase our first home within the next coming months. We were planning to have 3.5% available for an FHA loan down payment but then our agent told us that we should also have another 3% on top of that for closing costs. We were not planning on paying the closing costs because a lot of sellers are paying for that right now or at least splitting it and paying half. If we have to pay the entire closing costs ourselves then we will not have enough money to get a home like we had planned. However, we just found out that we can get a CalPERS loan because she is a city employee for the Police Department and we are allowed to take out 50% of her current retirement balance to help purchase our first home. Apparently they will loan you 105% for financing to cover the downpayment needed but will not help with the "closing costs". That is fine because we can use our $12,000 for the closing costs if they are covering our down payment from her retirement savings. But I have heard that using CalPERS is not the best idea because it takes a very long time to close and most banks will pass on a couple using CalPERS for another couple who are using a traditional lender. Any advice on this? And whether we should use the CalPERS loan or just go FHA with our $12,000 for the down payment and hope we don't have to come up with closing costs?

CALPERS phone number? California Retirement Services - State of CA

Question about "Short-Sale" home!? My wife and I are looking to purchase our first home using the FHA 3.5% down payment option possibly utilizing her CalPERS retirement savings money to assist us with the needed funds for the down payment. Our realtor has been telling us over and over again that the owning banks do not like buyers using CalPERS because it makes everything take longer and apparently banks woulde prefer to close the deal in 30 days rather than 60-90 days. Why would they think CalPERS will take 90 days? The home we want to buy has an asking price of $330,00 in a great neigborhood and he says that we need to be prepared to pay not only the 3.5% down payment but we also should have all of the closing costs in our bank account. My wife and I have the 3.5% down but not the extra $10,000+ needed for closing costs. Would it increase our chances if we were to offer $350,000 ($20k more than they are asking) and ask them to pay all the closing cost? Is this unheard of or is it possibly that it might get us the home we really want? I've noticed that the popular belief is that perhaps we are not "ready" or "responsible" for our first home at this point. However, with the $8,000 tax credit (which does not have to be paid back) and the $13,000+ we have saved up for our 3.5% downpayment...how could anyone tell us that we are not "ready" to be homeowners? There are TONS of lucky people who never had to pay closing costs when they purchased their home! At least we are not being stupid like all those people three years ago and getting an "interest only" loan to buy a home we shouldn't be living in. We are responsible people living within our means and just trying to get a decent home without having to pay the closing costs!

Pros and Cons of having a "buyers" Agent? So I feel horrible right now because my wife and I just got off the phone with our Agent. We had to tell him that we wanted to terminate our contract with him. We've been looking at homes with him for about three weeks now but we decided to part way because his strategy was not in alignment with ours. We want to find a home where the seller will pay half or all of the closing costs and he keeps telling us that there is no way we are going to win a bidding war if we keep asking for the bank (because the homes we are bidding on are all bank owned REO homes) to pay the closing costs. He has also said to us numerous times that he does not think the banks will think to highly of us using my wife's CalPERS retirement savings account for the purchase of our home. Her CalPERS retirement account allows us to borrow money for our first purcahse and we have decided that we want to us it but he says it will prolong closing and make some banks shy away from us. So as you can see, his logic is totally different than what we want to do. Now my question is this - What advantages do we have in making an offer with the seller's (banks) agent without a middle man like a buyer's agent? Will they be more straight forward and tell us what and how much we have to offer to get the home? I've heard so many times that having a buyers agent will effect the commission that the seller's agent will make and thus make them shy away from a couple using a buyers agent as opposed to a couple making an offer straight to the seller's agent. Can someone shed some light on this? Thank you.

What is the difference between REO, Foreclosure, Short Sale homes? My wife and I are preparing to purchase our first home using an FHA loan with assistance from her CalPERS retirement savings. We have decided to purchase a home we can afford on only one income so we don't have to worry about the recession and losing a job. By herself she qualifies for $350k and we have plenty of homes in our area for under $350k. I would like someone to explain to me what the major differences are between REO homes, Short Sale homes, Foreclosure homes. Which one is the best deal usually and which one should we look into buying? We want something that is clean and ready to move into with little or no work needed. Also, which one of the three is more likely to cover the closing costs??? We keep hearing about how sellers are paying closing costs most of the time in this housing market. I want to get a great deal and avoid paying 100% of the closing costs if we can. Thank you

I need to SERVE a Civil Subpoena (Duces Tecum)? I need to serve CalPERS with a Civil Subpoena (DUCES TECUM ) just for documents on how much my ex has and is receiving in his retirement. He hasn't paid or offered to pay child support for 8 months and is in arrears for perm spousal s. Looking at the forms it looks like you have to hand deliver. I would like to just send it certified mail. Is that acceptable? I need to serve CalPERS with a Civil Subpoena (DUCES TECUM ) just for documents on how much my ex has and is receiving in his retirement. He hasn't paid or offered to pay child support for 8 months and is in arrears for perm spousal s. Looking at the forms it looks like you have to hand deliver. I have a person who can serve the papers but I would like to just send it certified mail. Is that acceptable?

Filing for My tax return..? Please help... I was using turbo tax. I live in colorado, but i get a form from CALPERS (california Public employees retirement system) because my father passed. When i started to file on turbo tax it says in federal taxes i would get 370 dollars back, but then it says in CO state taxes that i owed 743 dollars. I DONT PAY STATE TAX What do i do PLEASE HELP

Why does liberal CA legislature block Gov. Swartzenegger (R) proposal to reform public pensions? The plan however modest includes significant reduction of the rate of pension growth (from 2.8% to 2%), increase of retirement age, doubles emoployees contributions (from 5% to 10%). 60,000 retired public employess receive pensions in ecxess of $100,000, and sometines up to $250,000, literally for doing nothing. Poor dishawashers have to pay 9.5% sales tax to finance early retiremnt at age 55 of BILLBOARD INSPECTORS with pensions in excess of $100,000. CALPERS funds are down in one year from $200 billion to $150 billion. Unfunded pensions now stand at $500 billion, and rapidly growing. Why does liberal CA legislature block Gov. Swartzenegger (R) proposal to reform public pensions? Liberals, where are you? I want to hear your spin.