TO: Sonoma State Employees
FR: Payroll and Benefits
Sonoma State offers a variety of optional supplemental retirement savings plans for eligible employees. Please consider taking advantage of the upcoming virtual opportunities on Thursday, May 9, 2024 to learn more about our Savings Plus 401(k) and 457 plans.
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Enrolling in Savings Plus (10:30-11:30 am) - Registration Information
- CalPERS pension basics*
- Who is Savings Plus and how does it fit in your overall retirement plan
- 401(k) versus 457(b) plan differences and which is better for you?
- Pre-tax and Roth contributions
- Overview of investment options available
- How to Enroll
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Nearing Retirement with Savings Plus (12-1 pm) - Registration Information
- Targeting employees within 5 years of retirement
- Learn about tools and resources to help transition into retirement
- Strategy to mitigate tax impact from lump sum separation pay derived from unused vacation time
- Obtain information of what will transpire with Savings Plus account after separation
- Withdraw and distribution information
If you have further questions, please reach out directly to Victor at victor.tawn@nationwide.com. Savings Plus Customer Service Department is also another resource and can provide immediate assistance with your existing Savings Plus account and can be reached at 855-616-4776.
For all other SSU Payroll and Benefits questions, please reach out to payroll@sonoma.edu.
*CalPERS is not affiliated with Savings Plus