California Proposed Additional Compensation Plan with copy of plan
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How to fill out Proposed Additional Compensation Plan With Copy Of Plan?
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FAQ
The CalPERS Supplemental Contributions Plan (SCP) is an after-tax supplemental contribution plan available to state employees and members of the Judges' Retirement Systems I and II.
The CalPERS 457 Plan We offer a deferred compensation plan to public agencies and school employers and their employees.
A deferred compensation plan withholds a portion of an employee's pay until a specified date, usually retirement. The lump sum owed to an employee in this type of plan is paid out on that date. Examples of deferred compensation plans include pensions, 401(k) retirement plans, and employee stock options.
The Deferred Compensation (DC) Plan is a defined contribution retirement savings plan that allows you to set aside compensation and defer payment of applicable federal and state taxes until you retire and take withdrawals from your account.
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. To start the adoption process for your agency or for more information on how to sign up, visit the CalPERS 457 Plan Employer Resource Center.
Investing your deferred compensation Your plan might offer you several options for the benchmark?often, major stock and bond indexes, the 10-year US Treasury note, the company's stock price, or the mutual fund choices in the company 401(k) plan.