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CalPERS urges members to file a special power of attorney for retirement matters
Summary
CalPERS recommended members file a CalPERS special power of attorney to let a designated person handle CalPERS-specific retirement tasks if the member becomes incapacitated.
CalPERS advised members to consider filing a CalPERS special power of attorney to permit a designated attorney-in-fact to manage CalPERS-related matters if the member becomes incapacitated. Presenter Raquel Lozano said a CalPERS special power of attorney authorizes someone to act only on CalPERS matters — for example, to change addresses or tax withholdings, assist with beneficiary designations, or call about a lost check — but does not cover medical decisions or personal property and does not grant access to a member’s myCalPERS online account.
Why it matters: Without a valid power of attorney that meets CalPERS requirements, family members may need a court-appointed conservator to handle CalPERS matters, which can be time-consuming and costly, Lozano said.
Lozano noted that if a member already has a general or durable power of attorney, CalPERS will review it to determine whether it satisfies CalPERS requirements for retirement-account management. She directed members to CalPERS' power-of-attorney publication and videos, and to regional offices for questions or help completing forms.
