CalPERS retirement benefits are calculated using a defined formula rather than contributions and earnings to a savings plan. The member's years of service credit, age at retirement, and final compensation are used in the formula. Check out the CalPERS website for more information. 

CalSTRS provides retirement, disability and survivor benefits for full-time and part-time California public school educators. Faculty members Defined Benefit retirement benefit is based on a formula set by law using your age, service credit and final compensation. Check out the CalSTRS webiste for more information. 

These pre-tax savings plans are offered by Envoy Plan Services, c/o MidAmerica (Third Party Administrator for TSA's)

Contribution limitations for 2024:

• 403(b)- $23,000

• 457(b)- $23,000

• 2024 "Age 50+ Catch-up" $7,500 limit

Forms:

• Approved 403(b) and 457(b) Participating Companies

• 403(b) or 457(b) Plan Enrollment and Participation Instructions

• 403(b) and 457(b) Comparison

• Salary Reduction Agreements 403(b) and 457(b)

• Distribution/Transaction Requests

• Transaction Request Form

Envoy Plan Services Contact Information:

• Customer Service Number: (800) 248-8858, ext. 5402

• Fax Number: (877) 513-2272

• Mailing Address: PO Box 4037, Fort Walton Beach, FL 32549

• Website: www.envoyplanservices.com