FOURTH QUARTER | 2023 | ||||||||
![]() |
||||||||
Watch for your agency’s 2023 CalPERS 457 Plan Year-end Summary
For questions about your results or to create a plan to help increase employee engagement and participation, contact CalPERS by email at CalPERS_457_Plan@calpers.ca.gov or call 800-696-3907.
|
|
|
Required Minimum Distribution changes for 2024 Beginning this year, Required Minimum Distributions (RMD) from designated Roth accounts are no longer required because of the SECURE 2.0 Act of 2022. If a participant has a Roth portion of their CalPERS 457 Plan account and received a RMD in the past, this change would mean that their 2024 distribution and distributions in future years will be a smaller amount than they may have expected. If your participating employees have any questions about Required Minimum Distributions and calculating a RMD based on their account balance, please direct them to call the Plan Information Line at 800-260-0659.
|
![]() |
|
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 myCalPERS and payroll assistance. Email us or call 800-696-3907, Monday – Friday, 8 a.m. – 5 p.m. (Pacific Time). |
![]() |
Plan administration services provided by Voya Institutional Plan Services, LLC. 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). This newsletter was prepared by Voya Financial®. Articles by Voya are not intended to provide tax or investment advice. Any opinions, advice, statements, services, offers or other information or content expressed or made available herein has not been independently verified by the California Public Employees’ Retirement System (CalPERS), nor does it necessarily state or reflect the views of CalPERS. Reference herein to any specific commercial products, processor service by trade name, trademark, manufacturer or otherwise does not necessarily constitute or imply its endorsement, recommendation or favoring by CalPERS. © 2023 Voya Services Company. All rights reserved
Click here if you would like to stop receiving employer cents. |
![]() |