Also, your contract with your employer may include a reduction for Social Security that can also change this amount. If there is a late reporting from your employer or an adjustment in process, the service may change. Since special compensation is at the discretion of your employer and may or may not be reported to CalPERS, we will not extend any special compensation for your estimate. We will however, use any allowable special compensation that has been reported. If there is another period of 12 or 36 consecutive months when your average pay rate was higher, let us know when you apply for retirement.
Continuance is a benefit paid for by some employers.
It provides that upon your death after retirement, a part of your monthly allowance will automatically continue to an eligible survivor. Those eligible to receive this benefit will see this on your Annual Member Statement. You may name any person, a corporation, your estate, or a trust as your beneficiary. More information on beneficiaries is available in your Member Benefit Booklet . Since each case is unique, it will depend on your membership status, the court order, vesting, and other unknown parameters and cannot be answered here.