Berkeley CSUA MOTD:2010:March:02 Tuesday <Monday, Wednesday>
Berkeley CSUA MOTD
2010/3/2-12 [Politics/Domestic/SocialSecurity] UID:53735 Activity:nil
3/1     My sister works for the county and pays into CalPERS instead of
        Social Security. This year she got a second (private sector) job
        which paid more than her government job and paid into Social
        Security. Does she have to contribute to both retirement plans?
        That seems like a waste. I STFW and cannot find the answer.
        \_ You don't pay into CalPERS if you don't have a public sector job.
           In fact, I don't think you *can*. Most likely, she can either roll
           her CalPERS over to an IRA or leave it as is. In 2007, I considered
           rolling over my old CalPERS investments to an IRA, but decided the
           guaranteed 6% was a good thing (additional diversification). I'm
           not sure how my 401k/IRA's have done since 2007, but last year I
           was glad that I had some of my retirement in a relatively stable
           \_ Maybe I am not making myself clear. She has a public sector job
              (works for the county). Through that job she contributes to
              CalPERS and does not pay Social Security. Last year she got
              a second job in the private sector. (She's a nurse.) She
              made more at that job than at her 'regular' job and she paid
              a lot of money into Social Security. She wants to know if
              she can get that Social Security money back, since she
              doesn't need SS as she has CalPERS. It's not an insignificant
              amount of money: about $7K.
              \_ No, she can't.
              \_ Sheesh. One is a Ponzi scheme and one is a Wall Street confidence
                 game. They are totally different. Try Wikipedia before bothering us.
2010/3/2-30 [Uncategorized] UID:53736 Activity:nil
3/2     If you're reading this, chances are you're a Soda geek.
        This may help:
2010/3/2-30 [Uncategorized] UID:53737 Activity:nil
        Autistic people RULE!!! Einstein rules!
2010/3/2-30 [Politics/Foreign/Asia/China] UID:53738 Activity:nil
3/1     "China eyeing perks of ice-free Arctic: study" - Yahoo! News:
        \_ working link:
           \_ Oops, I meant to post the shortcut
              -- OP
Berkeley CSUA MOTD:2010:March:02 Tuesday <Monday, Wednesday>