Deferred Compensation
CalPERS deferred compensation plans include the 457 Plan and Supplemental Contributions Plan.
CalPERS 457 Plan
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 tax-deferred compounding.
Participating public agencies and schools employees are eligible to participate in the CalPERS 457 Plan.
To enroll, your employer must participate in the CalPERS 457 Plan. Visit the CalPERS 457 Plan Participating Agencies webpage to access a list of agencies and schools that offer our plan.
Use the Participant Enrollment Kit (PDF) to enroll in the CalPERS 457 Plan. The completed enrollment form must be submitted back to your employer for review of elections made and an employer signature is required before submitting.
For more information and resources on how to enroll, visit the CalPERS 457 Plan website or call (888) 713-8244.
CalPERS contracts with a third-party administrator, Voya. Visit calpers457.com to review your account.
Name or Address Changes
As an active member, you must change your name and address through your employer.
If you're separated from employment with a CalPERS employer, you can notify us by:
- Contacting us by phone at 888 CalPERS (or 888-225-7377).
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Sending us your new address in writing to:
Benefit Services Division
P.O. Box 942716
Sacramento, CA 94229-2716
For Community Property related inquiries:
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Mail your community property inquiries to:
CalPERS
Community Property
P.O. Box 2056
Sacramento, CA 95812 - Contact us by phone at 888 CalPERS (or 888-225-7377) if you have additional questions or concerns.
Supplemental Contributions Plan (State Employees)
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.
To enroll in the Supplemental Contributions Plan, call the Plan Information Line at (800) 260-0659 or visit the CalPERS Supplemental Contributions Plan website for more information.
California Legislature and Internal Revenue Service approval resulted in the termination of the State Peace Officers’ & Firefights’ Supplemental Plan (POFF) in March 2015. Additionally, as directed by statute, the SCP serves as the default rollover account for POFF participants that didn't make an affirmative election during the POFF termination.
Other Savings Plans
Learn about other savings plans that may be available, depending on your employer.
Employees of school districts, community colleges, and County Offices of Education can choose to purchase a variety of 403(b) supplemental savings products.
The California State Teachers' Retirement System (CalSTRS) manages the 403bCompare website. You can also call the 403bCompare Administrator at (844) 488-0270.
This program provides 401(k) and 457 deferred compensation plans for State of California and California State University employees. Participants can choose to contribute by payroll deduction on a pretax or after-tax Roth basis. Savings Plus is administered by the California Department of Human Resources (CalHR). Visit Savings Plus to learn more.
This is California's tax-advantaged 529 plan. It's designed to help and encourage families to save for future qualified higher education expenses. Visit ScholarShare to learn more.
