The State Worker

Chronicling civil-service life for California state workers

March 23, 2011
State savings program offers discounted contribution threshold

State employees have until the end of this month to get into the Department of Personnel Administration's Savings Plus Program at half the minimum contribution level normally required by the plan.

Usually the least that state workers can put in is $50 per month, but until Mar. 31, new enrollees can set up monthly contributions of as little as $25 into the program's 401(k) or 457 plans.

Click here for more info.

While we're on the topic, the Savings Plus Program recently won the Plan Sponsor of the Year Award from PLANSPONSOR magazine. The award recognizes plan sponsors that demonstrate leadership in providing a more secure retirement for workers. Click here to read more about the award and finalists.

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About The State Worker

Jon Ortiz The Author

Jon Ortiz launched The State Worker blog and a companion column in 2008 to cover state government from the perspective of California government employees. Every day he filters the news through a single question: "What does this mean for state workers?" Join Ortiz for updates and debate on state pay, benefits, pensions, contracts and jobs. Contact him at (916) 321-1043 and at jortiz@sacbee.com.

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