Navigate the SECURE 2.0 Act with CalPERS 457 Plan

As the new year begins, please remember that more provisions go into effect as a result of the SECURE 2.0 Act of 2022. The Navigating the SECURE 2.0 Act guide can help you keep track of what’s changed, what it means for you and your employees, and what optional provisions CalPERS has elected to adopt for the CalPERS 457 Plan. The document will be updated as needed, so make sure to bookmark it for reference throughout 2026.

Notify CalPERS when an employee has a change
in status due to military duty or a leave of absence

It’s vital to let CalPERS know when a CalPERS 457 Plan participant has been called to military duty or has been approved for a leave of absence, especially if they have an outstanding loan. Loan repayments will need to be suspended and extended for the time an employee is on active military duty or re-amortized to a new loan repayment amount based on the length of the leave of absence.

Age-based catch-up contribution options are available for employees who will be 50 or older by the end of 2026

Individuals aged 50 and older by the end of 2026 can save even more for retirement to the CalPERS 457 Plan this year. The age-based contribution limits for the CalPERS 457 Plan can help your employees boost their savings as they near retirement.

Here are the key details of the limits for 2026:

REMINDER – Employees aged 50 or older by the end of the year who pay into Social Security and whose wages in 2025 exceeded $150,000 can only make age-based catch-up contributions in 2026 on a Roth after-tax basis. Please direct impacted employees to contact their dedicated Account Manager by calling 888-713-8244 or visiting calpers457.timetap.com to schedule a personal phone appointment.

2026 will be the first full year that enrollments into the CalPERS 457 Plan will be accepted online for employees to contribute a flat dollar amount on a pre-tax and/or Roth after-tax basis. As you continue to incorporate online enrollment into your agency’s processes, we encourage you to use the tools and resources that are available.

Read the Online Enrollment Employer FAQ to learn more about enrolling employees into the CalPERS 457 Plan and ways we can support your agency.

Read how to retrieve a New Enrollment Report from Sponsor Web to help you maintain accurate and timely payroll reporting.

Watch for your agency's 2025
CalPERS 457 Plan
Year-end Summary

The CalPERS 457 Plan continues to be a valuable retirement benefit for more than 850 public agency and school employers. This quarter, contacts for all agencies and school employers with at least one employee participating in the CalPERS 457 Plan will receive an email summarizing the value of their Plan as of December 31, 2025.

This annual email from CalPERS will detail your 457 Plan participation rate, total contributions and assets, and more. We encourage you to review the email and save it for your records to help satisfy your fiduciary responsibility.

For questions about your results or to create a plan to help increase employee engagement and participation in 2026, contact CalPERS by email at CalPERS_457_Plan@calpers.ca.gov or call 800-696-3907.

Make a plan to provide your employees with education in 2026

In a recent study¹ from Voya, nearly 60% of Americans reported that improving their overall financial wellness would make them more likely to stay with their current employer. In a similar study², over 60% believe that inflation will have a major impact on their ability to save for retirement. If you’re worried about employee retention and helping to set employees up for future financial success, we want to help. Your dedicated Account Manager³ is available to help educate your employees about saving for retirement, addressing financial wellness concerns, and achieving personal financial goals. We welcome the opportunity to partner with you.

To discuss hosting your dedicated Account Manager, please call 888-713-8244 weekdays between 8 a.m. – 5 p.m. PT.

1 Voya Financial Consumer Insights & Research survey conducted Aug 5–6, 2025, among 1,005 adults aged 18+ in the U.S., featuring 496 Americans working full-time or part-time.

2 Voya Financial Consumer Insights & Research survey conducted Apr 28–29, 2025, among 1,002 adults aged 18+ in the U.S., featuring 491 Americans working full-time or part-time.

3 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).

When’s the last time you had a CalPERS 457 Plan review?

A review of your agency’s CalPERS 457 Plan can help you satisfy your fiduciary responsibility to oversee the CalPERS 457 Plan, plus explore ways that we can help your employees achieve their retirement goals. Make it a priority to review and discuss your agency’s Plan in 2026.

Email Dave Saavedra or call 916-795-3908 today to arrange a review.

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).