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CONNIE’S CORNER– Understanding Your Benefits

CalPERS Special Power of Attorney

Power of attorney forms are not all the same! A CalPERS Special Power of Attorney allows you to designate a representative or agent, known as your attorney-in-fact, to conduct your retirement affairs. Having a Special Power of Attorney on file with CalPERS ensures that your designated attorney-in-fact will be able to perform important duties concerning your CalPERS business, such as address changes; federal or state tax withholding elections; lost or stolen retirement checks; endorsing checks; beneficiary designations; or retirement benefit elections, should you become unable to act on your own behalf.

Further information and the required form are available on the CalPERS website; review the publicationCalPERS Special Power of Attorney. Read it over very carefully before completing. To be valid the form must be fully completed and must be acknowledged before a notary public or signed by two witnesses. The person agreeing to act as attorney-in-fact must also sign the form. Any previous designations will be revoked by completing a new form.

 

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