Please make sure that the payroll contributions your payroll team submits between late December 2021 and early January 2022 are applied for the correct tax year to your participants’ CalPERS 457 Plan account.

Here’s how to ensure accuracy and avoid posting delays during the 2021 year-end payroll reporting period:

• Work closely with Voya Financial^®, who handles recordkeeping administration for the CalPERS 457 Plan.
• If the pay end date for the last payroll of 2021 is not the same tax year as your pay date (for example — your pay end date for the last payroll of the year is December 31, 2021, but your employees will not receive their checks for this payroll period until after January 1, 2022), It is imperative that you send Voya an email at CalPERS_Plan_Admin@voya.com. Please include your agency name and number (45****) in the email subject line.
• Please submit payrolls that apply to different tax years on different days in MyCalPERS. (for example — if reporting the last payroll for 2021 and first for 2022, please report 2021 first and then report 2022 the following business day).

Encourage your employees to fund their future.

October was National Retirement Security Month, which provides an opportunity for everyone to reflect on their personal retirement goals and determine if they are on target to reach those goals. Help your employees spend some time on their retirement with the CalPERS 457 Plan. Encourage employees to attend a CalPERS 457 Plan webinar or schedule an appointment with their local Account Manager, and share this quarter’s CalPERS quarterly employee education kit to help them on the journey to and through retirement. Thank you for offering the CalPERS 457 Plan to your employees to help them on the road to retiring well.

New CalPERS quarterly employee education kit focuses on three key actions
your employees can take with the CalPERS 457 Plan – Enroll. Save. Simplify.

This quarter’s CalPERS employee education kit includes materials that you can share with all employees, even those who are not currently participating in the CalPERS 457 Plan. Sharing the kit’s email and flyer with your employees can help them get and stay on track for retirement. This quarter’s kit “Enroll. Save. Simplify.” will be sent to your agency by email in November.  

We hope you use these quarterly kits to educate all of your employees about enrolling 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 about distributing the quarterly kit’s materials to your employees.

Schedule a CalPERS 457 Plan presentation led by your Account Manager!

Your agency’s local Voya Account Manager* is available for virtual presentations with your employees to educate them about the CalPERS 457 Plan and saving for retirement. Group meetings are perfect for all employees, even those who are not enrolled in the CalPERS 457 Plan, and help promote the unique retirement benefit that is available to them through your agency.

Employees can schedule personal one-on-one phone appointments by visiting calpers457.timetap.com to sign up. To discuss hosting an employee webinar presentation led by your Account Manager, please call 888-713-8244 weekdays between 8 a.m. – 5 p.m. PT.

* Information from registered Plan Service Representatives is for educational purposes only and is not legal, tax or investment advice. Local Plan Service Representatives are registered representatives of Voya Financial Advisors, Inc. (member SIPC).

Request a plan review to help satisfy your fiduciary responsibility

A review of your agency’s CalPERS 457 Plan is available at your request. Staying informed can help you satisfy your fiduciary responsibility to oversee the CalPERS 457 Plan at your agency. Email Dave Saavedra or call 916-795-3908 to arrange a review by phone.

Contact Us

CalPERS 457 Plan representatives are available for my|CalPERS and payroll assistance.
Email us or call 800-696-3907, Monday – Friday, 8 a.m. – 5 p.m. (Pacific Time).