California Loan Plan for Key Employees
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How to fill out Loan Plan For Key Employees?
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FAQ
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.
The California State University is a qualified employer for the Public Service Loan Forgiveness (PSLF) program, and many full-time CSU employees may be eligible to certify employment and receive credit toward forgiveness.
You are eligible to enroll in a Savings Plus 401(k) and 457(b) Plan if you: Are currently employed by the State of California or the California State University (CSU) system, and you are eligible for membership in CalPERS, the Legislators' Retirement System, or the Judges' Retirement System.
The California Public Employees Retirement System (CalPERS) offers a defined benefit retirement plan. It provides benefits based on members years of service, age, and final compensation. In addition, benefits are provided for disability death, and payments to survivors or beneficiaries of eligible members.
If your employer doesn't contract for this plan, check with them to see what plans are offered. For state employees, you may enroll in the Savings Plus Program which is administrated through the California Department of Human Resources (CalHR). They offer 401k and 457 plans.
Up to $800 reimbursement for eligible employees for the cost of tuition/registration fees and books at public or private higher education systems. Cell/Mobile Phone Plan Discounts. Receive up to an 18 percent discount on eligible cell/mobile phone plans at AT&T, T-Mobile, Sprint, and other carriers.
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.
Unlike a 401(k) plan, CalSavers is established, operated, and maintained by the state of California. Employers do not have discretion to determine the terms of the IRAs, the investments offered, or the plan design, e.g. no employer contribution.
