Deferred Compensation (401k, 457, etc.)
Learn about the available deferred compensation plans.
Employees of school districts, community colleges, and County Offices of Education can choose to purchase a variety of 403(b) supplemental savings products. Your salary deferrals into a 403(b) plan are made before income tax is paid on it, and allowed to grow tax deferred until taxed as income when taken out of the plan.
The California State Teachers' Retirement System (CalSTRS) manages the 403bCompare website. You can find information about retirement planning, search vendors and products registered on the site, and view details about 403(b) products. You can also call the 403bCompare Administrator at (888) 394-2060.
The CalPERS Supplemental Income 457 Plan is for employees of participating public agencies and schools. All employees whose employers have adopted the CalPERS 457 Plan are eligible to join the plan, and there are currently no minimum service requirements to fulfill. View CalPERS 457 Plan Participating Agencies.
The plan is a voluntary savings program that allows employees to defer any amount, subject to annual limits, from their paycheck on a pretax basis. In addition, employee contributions and their earnings, if any, can benefit from the power of tax-deferred compounding. This means they don’t pay income taxes on their contributions or earnings until they start taking withdrawals, which is usually in retirement.
To enroll, your employer must participate in the plan (employers can visit our Employer Resource Center or call us at (800) 696-3907 to learn more).
For more information, visit the CalPERS Supplemental Income 457 Plan website, call the Plan Information Line at (800) 260-0659, or view the additional resources below.
- Bridging the Gap: Enrolling in CalPERS Supplemental Income 457 Plan video
- CalPERS 457 Plan Introduction video
- CalPERS 457 Plan Key Investment Information video
- Making Cents (PDF, 1.60 MB) newsletter
This program provides 401(k) and 457 deferred compensation plans for state employees and is administered by the California Department of Human Resources (CalHR). Visit CalHR 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.
The State Peace Officers' and Firefighters' (POFF) Supplemental Plan (formally known as State POFF Defined Contribution Plan) was an employer-provided benefit for state peace officers and firefighters in certain bargaining units. California Legislature and Internal Revenue Service approval resulted in termination of the POFF Plan in March 2015. As directed by statute, funds remaining in the plan after termination were rolled over into the Supplemental Contributions Plan as pretax SCP-POFF rollover accounts.
The Supplemental Contributions Plan (SCP) is an after-tax supplemental contributions plan available to state employees and members of the Judges' Retirement System I and II. 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.
SCP participants may make periodic cash contributions or after-tax payroll deductions. You may change your contribution amount and allocation, and transfer account balances among a variety of investment options. SCP allows you to voluntarily invest after-tax contributions into an account where all earnings grow tax deferred until the participant begins to take withdrawals in retirement or upon separation from all state employment. Upon distribution, you only pay taxes on the pretax earnings.
Visit our CalPERS Supplemental Contributions Plan website for more information. To enroll in the Supplemental Contributions Plan, call the Plan Information Line at (800) 260-0659.
- CalPERS 457 Plan Participating Agencies
- CalPERS Supplemental Contributions Plan
- CalPERS Supplemental Income Plans
- Savings Plus
Forms & Publications
- Making Cents Newsletter (PDF, 1.60 MB)