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The Savings Plus Program offers 401 (k) and 457 (b) Plans available to most State of California employees, including employees of the Legislature, Judicial, and California State University (CSU) system, and Part-time, Seasonal, and Temporary (PST) Employees Retirement Program.

Oct 21, 2024 · Since 1995, CalPERS has provided a deferred compensation plan to public agency and school employers and their employees. The CalPERS 457 Plan provides employees a low-cost, convenient way to save for retirement through payroll deductions. Moreover, there's no cost to your agency.

Jan 25, 2016 · Savings Plus is the name of the voluntary 401(k) and 457(b) Plans which began in 1974 as a long-term retirement savings program for most State of California employees. The 401(k) and the 457(b) Plans are named for the sections of …

Dec 6, 2024 · The CalPERS 457 Plan is a voluntary deferred retirement savings plan that allows you to defer any amount, subject to annual limits, from your paycheck on a pre-tax and/or Roth after-tax basis. Roth contributions, and their earnings, can benefit from the power of …

What is a Section 457(b) Government Deferred Compensation Plan? A 457(b) Plan is a retirement plan offered by government employers that allows employees to make contributions on a pre-tax basis through salary reductions. It is the public sector equivalent of the 401(k) plans. Who is allowed to participate in the Plan?

Jul 10, 2024 · CalPERS deferred compensation plans include the 457 Plan and Supplemental Contributions Plan. These voluntary plans allow you to save additional income for retirement. Depending on your employer, you may be eligible for several.

The CalPERS 457 Plan is for employees of participating public agencies and schools. It is a tax-deferred plan that allows you to take advantage of tax-deferred compounding. The CalPERS 457 Plan has an “all-in” fee structure and no hidden costs, which allow you to keep more of your investment returns.

The CalPERS 457 Plan is a deferred compensation plan administered by CalPERS, a California state agency. Since 1995, CalPERS has provided public agency and school employers and their employees a low-cost, convenient way to save for retirement through payroll deduction.

Savings Plus is a voluntary retirement program that allows California State employees, including active PST employees, to supplement their retirement benefits through pre-tax and Roth (after-tax) payroll contributions. Savings Plus offers the 401 (k) and 457 (b) Plans.