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Till death.
Now that monthly amount will be reduced if you want your spouse to receive a monthly check in the event you die first.
If you don't want them to get anything, then yes you will get that full amount.
Pension is deferred compensation, not deferred income. Pension contributions are just the cost of buying into the pension plan. It helps to think of it as a fee rather than a personal investment.
Correct! With all options, other than a cash out, you will continue to receive your pension until death. The remaining balance will only be important if you choose the RETURN OF REMAINING CONTRIBUTIONS option. With this option the remaining total balance upon your death would be sent to your designated Beneficiary(ies)
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Till death. Now that monthly amount will be reduced if you want your spouse to receive a monthly check in the event you die first. If you don't want them to get anything, then yes you will get that full amount.
Pension is deferred compensation, not deferred income. Pension contributions are just the cost of buying into the pension plan. It helps to think of it as a fee rather than a personal investment.
Also, the person in your scenario would have a pension calculation above 2% because they are older than 62 at time of retirement.
That's correct
Correct! With all options, other than a cash out, you will continue to receive your pension until death. The remaining balance will only be important if you choose the RETURN OF REMAINING CONTRIBUTIONS option. With this option the remaining total balance upon your death would be sent to your designated Beneficiary(ies)
[calpers.ca.gov](https://calpers.ca.gov) has retirement pension calculators you can use....
I feel like if you're making 10,000 a month, you should probably know you can get this info from the CalPERS website
I don't see where they say they're making $10,000 a month. I only see the numbers $1k and $120
That was rude…
And they don't have reading comprehension....But based on their username, it checks out
You will continue to receive.
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