When a divorced and or legal separation is processed in California, often times there are community property and debts that are divided. When this community asset and debt division is processed by an agreement (martial settlement agreement or stipulated judgment) the parties can decide how those are divided, and when by default the court and or trial will make orders on this division. A common assets divided in a California family law case is a pension and or retirement account. These are accounts acquired through employment during the marriage. While most people would often think that these accounts are owned […]

What is CalPERS? CalPERS is the abbreviation for California Public Employees Retirement System. This is the California agency that manages and tracks the general trust fund for pension and health benefits for California public employees, retirees and their families (and former spouses of former employees). Members include workers in law enforcement, schools and some county and city jobs. As of 2013, within the State of California,  there were over 1 million members of which over half of them were receiving monthly benefits.

What is a CalPERS Pension/Retirement Division?
During the completion of a divorce property rights are often determined. Pension/Retirement accounts are […]