DOCUMENTS & FORMS

CalPERS

• PERS 457 Beneficiary Change Form
• PERS 457 Enrollment Form

• ICMA Employee Enrollment Form
• ICMA Roll In Form
• ICMA Transfer Out Form

• Valic Enrollment Form
• Valic Beneficiary Change Form
• Valic Roll Out Form

457 Retirement Plan

The 457 plan is a type of non-qualified, tax advantaged deferred-compensation retirement plan that is available for governmental and certain non-governmental employers in the United States. The employer provides the plan and the employee defers compensation into it on a pre-tax or after-tax (Roth) basis. For the most part the plan operates similarly to a 401(k) or 403(b) plan most people are familiar with in the US. The key difference is that unlike with a 401(k) plan, there is no 10% penalty for withdrawal before the age of 55 (59 for IRA accounts) (although the withdrawal is subject to ordinary income taxation). 457 plans (both governmental and non-governmental) can also allow independent contractors to participate in the plan where 401(k) and 403(b) plans cannot.

CalPERS

• www.calpers.ca.gov
• 1-888-225-7377

• www.icmarc.org
• 1-800-669-7400

• www.valic.com
• 1-800-448-2542