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The CalPERS 457 Plan is a deferred compensation plan administered by CalPERS, a California state agency. Since 1995, CalPERS has provided public agency and school employers and their employees a low-cost, convenient way to save for retirement through payroll deduction. The 457 Plan offers diversified investment options and state-of-the-art services, delivered at low cost to participants and at no cost to employers.

  457 Plan Facts & Figures Success Factors
No cost to employers.
Low costs for employees.
Dedicated support for employers.
Excellent customer service and participant education.
Uncomplicated administrative processes.
A simple, fair fee structure covers plan administration, recordkeeping and investments.
Over 20 years of experience serving California public agency and school employers and their employees.
CalPERS does not engage in revenue sharing or administrative expense reimbursement.

Advantages For You

You can provide another valuable benefit to your employees at no cost to your agency.
To help you manage your fiduciary responsibility, CalPERS:
  > acts as the trustee of your employees’ deferred compensation assets.
  > selects the investment options.
  > monitors contribution limits.
  > leverages existing payroll deduction feeds into my|CalPERS to receive your employees’ 457 Plan deferrals and loan repayments.
  > provides guidance on compliance with IRS regulations.


Why choose the
CalPERS 457 Plan?
Click here for more information

Questions? Contact CalPERS

For more information on adding the CalPERS 457 Plan, please contact our Business Development Manager, Michael Kleczek.

  • The local CalPERS 457 Account Managers are also available to help. Organized by region — call or email your local Account Manager today!

We’re ready to help. If you have any questions or need additional information, call Michael at 916-521-2943 and talk with our local experts who know the CalPERS 457 Plan well.


Michael Kleczek photo

Michael Kleczek
CalPERS 457 Business Development Manager
Phone: 916-521-2943

I'm ready to start the adoption process.


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