Choose a supplemental savings and investing plan to solidify your retirement future. For local public agency and school employees, CalPERS offers a 457 Deferred Compensation Program with a variety of investment options. If you work for a local agency or school, check to see if your employer offers the CalPERS 457 Program. This is important since it means that more of your investment dollars go to your savings. Many banks, mutual fund companies, insurance companies, and other financial service providers offer IRA accounts.
IRAs offer a great way for everyone to save for retirement.
If you've already taken advantage of a tax-deferred retirement saving account, yet need to save more, look into other ways to save, such as savings accounts, savings bonds, mutual funds, stock investments, and annuities. You can benefit from your choices today. Remember, the magic combination of time and compound interest means that even small contributions can make a big difference. TalkBack to CalPERS . California Public Employees' Retirement System .