The low cost, easy-to-use CalPERS 457 Plan can help you hit your target beyond what you will receive from your CalPERS pension and Social Security.
Watch NowTake advantage of this unique service, at no additional cost, to help you stay on track. Schedule a one-on-one personal phone appointment with a dedicated Account Manager or call toll-free at 888-713-8244.
View Account ManagersWant to learn more about saving and planning for retirement? Register for a live CalPERS 457 Plan webinar or watch one of our on-demand videos.
Register or Watch NowA convenient way to save
The CalPERS 457 Plan is a voluntary savings program that allows you to defer any amount, subject to annual limits, from your paycheck on a pre-tax and/or Roth after-tax basis (if your employer can process Roth contributions from their payroll). In addition, your contributions and their earnings, if any, can benefit from the power of tax-deferred compounding. What this means is that you don’t pay income taxes on your pre-tax investments or earnings until you start to take withdrawals, usually in retirement, and federal tax-free withdrawals of your Roth after-tax contributions and any earnings when you retire (qualifying factors apply).
The CalPERS 457 Plan gives you access to a personal retirement savings plan with features that include:
- A competitively priced retirement plan that allows you to keep more of your investment returns.
- A series of quality investments to match your risk tolerance, including core investments managed by CalPERS staff and professional managers under contract to CalPERS.
- Target retirement date funds specifically designed for public employees.
- A fee-based brokerage account option that provides access to thousands of mutual funds from hundreds of fund families.
- A Roth Plan Option for Roth after-tax contributions, if your employer can process Roth contributions from their payroll.
- Retirement planning and saving education, tools, and services from Voya Financial®, the Plan's record keeper.