I already participate in the PERAPlus 401(k). Do I need to do anything?

No.  Your participation in the PERAPlus 401(k) plan will continue normally unless you take action to change it.  While this plan revision will not affect you, we should mention that the District now affords you the opportunity to enroll in the PERAPlus 457(b) plan as well, if you desire.  The two plans do NOT share annual contribution limits, so if you would like to save more than the allowed annual amount for the 401(k), you may now do so by participating in the PERAPlus 457(b) plan as well.

For a comparison of the two plans, please view the PERAPlus 401(k) vs. 457(b) Comparison Chart.

Category: Plan Revision Frequently Asked Questions


Comments are closed.