For California Public Sector Employees: What’s the Difference Between a 457(b) and a 401(k)?
Confused by all the retirement jargon in your California state employee benefits packet? Wondering whether you should even bother with a 401(k) or a 457(b) when you’re already vesting for CalPERS? You’re not alone. Here’s a simple breakdown of the differences, perks, and why having both or just one could work in your favor.
Asking for a Friend: Is My Monthly CalPERS or CalSTRS Pension Taxable?
One of the most common questions I hear from people about to receive a CalPERS or CalSTRS pension is: How is my pension taxed? This post breaks down the difference between federal and state income tax rules and explains how both pension systems handle tax withholding.
Asking for a Friend: I’m a California state worker, and RTO doesn’t work for me. What should I know about my pension before leaving?
For many state workers—especially parents, caregivers, people with disabilities, and those who thrived while working remotely—Governor Newsom’s return to office mandate feels like a step backward. Before you make a career change, here’s what you need to know about your CalPERS pension.
Social Security Fairness Act: Next Steps for CalSTRS and CalPERS Members
The Social Security Fairness Act recently restored benefits that many CalSTRS and CalPERS retirees thought they'd lost forever. If you worked in both public and private sectors, or previously declined to claim a spousal benefit, this landmark change could mean thousands more in Social Security benefits—plus back payments dating to 2024.