The Department of Personnel Administration (DPA) is responsible for administering the Savings Plus Program. Funding is provided by fees charged to plan participants. Savings Plus is a long-term savings program that gives members two ways to save for retirement. The State of California offers eligible employees two plans authorized by the Internal Revenue Code. A Deferred Compensation plan under Internal Revenue Code (IRC) Section 457 and a Thrift Plan authorized by IRC 401(k). Both plans offer you:
Employees who are contributing members to the California Public Employees Retirement System (CalPERS) are eligible to participate with the Savings Plus Program.
For enrollment information or to request an enrollment kit, please call the Savings Plus Program at (916) 322-5070 or send a written request to the Department of Personnel Administration, Savings Plus Program Office, 1515 "S" Street, North Building, Suite 108, Sacramento, CA 95814-7243. Information is also available through the Savings Plus Program Website at http://www.dpa.ca.gov or through E-Mail at: Saveplus@dpa.ca.gov.