Re: How Does Calpers Calculate Idr
That's wrong, you better wait until you consult your lawyer if you want specific info about your benefits.
Some officers told me it comes out to more like 60% of your earning since it’s tax free
Service & Disability Retirement
Unless you submit an election for tax withholding, CalPERS is required to withhold taxes from your monthly allowance based on the tax tables for a married person with three allowances.
By law, all CalPERS retirees with taxable allowances are required to select one of the three withholding choices:
A specific dollar amount withheld (state withholding only)
No taxes withheld
Taxes withheld according to the tax tables, based on marital or head of household status and numbers of allowances (you may also add a specific dollar amount to this election)
If you choose one of the tax tables, taxes will not be withheld unless your gross allowance exceeds the minimum amount listed on the tax table for your filing status (e.g., single, married, number of dependents, etc.). You may change your tax withholding election at any time by submitting a Tax Withholding Election (PDF) form.
Moderator Responses are based on my personal bias, experience and research - They do not represent the views of the admin nor may be accepted in the legal community, always consult an attorney.