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The difference between gross and net pay differs in retirement than it does for active employees. There are fewer deductions taken. The following are examples of deductions that are NOT taken from retirement checks:
  • Social Security Tax
  • Medicare Tax
  • CalPERS Contributions
  • Union Dues
  • Parking Fees
Also, all voluntary deductions cease. This can include life insurance, long term care, credit unions, and charitable contributions. To continue voluntary deductions, employees should contact the companies directly to establish a billing arrangement.
 
For more information, visit the section of CalPERS Online.