New CalPERS Employee Education Kit focuses on healthcare costs in retirement
The CalPERS 457 Plan gives your employees an opportunity to easily save for retirement. Your employees, though, may not be aware of how the rising cost of healthcare will have a large impact on their retirement savings. By living longer, that may mean having to stretch retirement income further than expected and paying more for healthcare than was planned for.
The CalPERS 457 Plan can help your employees learn more about the impact of healthcare costs in retirement. In May, the next CalPERS quarterly employee education kit will be sent to your agency, with materials that can be shared with all employees. Participating employees can also visit calpers457.com to log into their account and use the myOrangeMoney experience to show the future monthly income they may need in retirement and their progress toward that goal.
We hope you use these quarterly kits to educate all of your employees about their retirement benefits and participating in the CalPERS 457 Plan. Please call the CalPERS 457 Employer Plan Line at 800-696-3907 or email CalPERS_457_Plan@calpers.ca.gov with any questions.
There’s a new type of cybersecurity threat on the rise—and plan sponsors and participants may be at risk. This latest threat, called credential stuffing, is an attack on online user accounts. Cybercriminals rely on automated scripts to repeatedly enter illegally obtained usernames and passwords into customer-facing financial applications. Once they break into an account, they attempt to steal funds and data, and they may also gain access to the company’s broader network.
