CalPERS

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  • RLymanC
    Senior Member
    • Sep 2005
    • 653
    #1

    CalPERS

    CalPERS is a mandatory contribution for all county employees , there are some that feel it qualifies for Form 8880 credit. Anyone have any thought on it.

    The contributions come out in Box 14 form W-2 as pers TD.

    The county employees union say's it qualifies for the credit. The county does not think it qualifies. Bottom line is no one knows for sure.
    Confucius say:
    He who sits on tack is better off.
    Tags: None
    • taxmandan
      Senior Member
      • Oct 2005
      • 1037
      #2
      Pers

      The code says contributions have to be "voluntary" and "elective", and I don't think PERS contributions would meet either of those requirements for the retirement credit. And in some cases the employees contribution is paid by the employer anyway.
      "A man that holds a cat by the tail learns something he can learn no other way." - Mark Twain

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        • JG EA
          Senior Member
          • Jul 2005
          • 2176
          #3
          Not the ones in box 14.

          Correct, the instructions for 8880 say the types of plans that work for this credit and that these are in box 12 of your W-3.
          JG

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