For many, retirement can seem like a distant goal. After all, your job and responsibilities outside of work already take plenty of preparation.
But what if there were strategies you can use today to better plan your retirement? What small steps can you take now to establish long-term financial security?
We’ve got the scoop on new educational offerings to help you invest in your tomorrow.
Tell Me More About This New Class
On November 4 and 5, we’re offering two days of our Funding Your Retirement Future virtual classes, no matter where you are in your career. You’ll hear from experts from CalPERS savings plans, Social Security, Savings Plus, and others. Classes are tailored to California State University (CSU) and state, or public agency and school district employees.
To register, log in to myCalPERS and open the Classes page under the Education tab. You can review class details and sign up for the class that works best for you.
What Should I Know Now?
Your CalPERS pension, Social Security, and personal savings can all be used during your retirement. But understanding the relationship between these pools of income doesn’t need to be a challenge. Before registering for our classes, you can:
- Check out our Planning Your Service Retirement (PDF) publication for details on how your pension is determined.
- Review our Social Security & Your CalPERS Pension page.
- Think of your retirement like a three-legged stool. Each leg of the stool — your pension, Social Security, and savings — is a source of income that can provide key support to funding your dream retirement.
What’s the Big Deal About Additional Savings?
Let’s focus on that third leg of the stool — your savings options. Your CalPERS membership comes with many perks and tools to fund your retirement future.
Whether you’re a state, CSU, public agency, or school employee, you have access to savings programs that can ensure you have the funds to enjoy a comfortable retirement. These savings plans can include:
- CalPERS 457 Plan: This pre-tax option is for participating public agency and school employees.
- CalPERS Supplemental Contributions Plan (SCP): This option provides a convenient, after-tax method of investing in your tomorrow for state employees and members of Judges’ Retirement Systems I and II.
- Savings Plus: Delivering both pre-tax and after-tax plans, Savings Plus provides 401(k) and 457 options to both State of California and CSU employees.
Although this is not a full list of the savings options you could be eligible for, taking advantage of these plans will ensure that your retirement is on firm footing. Visit our Deferred Compensation page for additional details on our savings plans.