Contributions to the plan are by cash in the form of a check or through payroll deductions. You may also contribute to a deferred compensation or 401(k) plan along with the Supplemental Contributions Plan as long as you remain within the Internal Revenue Code (IRC) limits. Participants with SCP POFF Rollover Funds are not eligible to contribute to the plan.

The IRC 415(c) annual contribution limitation must be followed. You may save a specified dollar amount of your pay on an after-tax basis, subject to the maximum contribution limit of $66,000.00 or 100% of compensation for 2023. Thereafter, the elective deferral limit will be indexed for inflation.

The Supplemental Contributions Plan IRC 415(c) Limit Worksheet available for download from this website will aid you in computing your specified limitation and is annually required of all participants. When initially enrolling you must submit this Worksheet and every year thereafter when you continue to contribute to the plan

If you are currently contributing to the Savings Plus Program 401(k) plan or to a Tax Shelter Annuity 403(b) plan, it is possible you may not be eligible to contribute to the SCP due to Internal Revenue Code limitations. Please review the worksheet to determine if you are eligible to contribute to the SCP.

You may change your contribution amount at any time by completing the Supplemental Contributions Plan Employee Action Form and returning it to:

Voya Financial
Attn: CalPERS
P.O. Box 389
Hartford, CT 06141

You may obtain a copy of the form by downloading it from this website or by calling the CalPERS Information Line at 1-800-260-0659. Any changes you make to your contribution amount will usually take effect within two pay periods, depending on when you make the change.