Savings Plus Preparing for Retirement
Savings Plus is the name of the 401(k) Plan and 457 Plan available to most State of California employees. The money you contribute to a Savings Plus 401(k) Plan or a 457 Plan may also provide a vital source of supplemental income for you when you retire.
Savings Plus Awards New Administrator Contract
Find out more about the new administrator and how this change affects you.
There are many convenient and easy to use options available to help you save for retirement. Contributions to Savings Plus are through automatic payroll deductions. You may opt for pre-tax or after tax contributions. Call, click, or visit our lobby to start your retirement planning, or use this Retirement Checklist to identify and keep track of important tasks along the way.
Consistency is Key
The sooner you start a Savings Plus account, the better. Whether your retirement is a long way off or coming up fast, you should allow your money as much time to grow undisturbed as possible.
Combine Your Retirement Savings
Another way to build your retirement savings is by combining your retirement savings into one easy to manage Savings Plus account.
Eligible retirement savings include 401(a), 401(k), 403(b), 457, and Pre-Tax IRA savings.
Some state employees have special retirement benefits:
Peace Officers and Fire Fighters (POFF)
Extended Service Incentive Program (ESIP)
Deferred Retirement Option (DROP)
California State University System 403(b)
These retirement accounts are only eligible for transfer to Savings Plus when you separate from state service.
Contact Savings Plus