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Savings Plus is the name of the 401 (k) Plan and 457 (b) Plan available to most State of California employees. With Savings Plus, you can build a retirement savings account.Who is eligible to contribute to a savings plus account?
All permanent State employees, Rehired Annuitants, and ARP participants are eligible to contribute to a main plan account. Savings Plus contributions are through automatic payroll deductions that go into investments the employee selects from the Savings Plus portfolio. Employees may choose to contribute to a 401 (k) Plan, a 457 (b) Plan, or both.What is California Savings Plus and how does it work?
Savings Plus is the name of the 401 (k) Plan and 457 (b) Plan available to most State of California employees. With Savings Plus, you can build a retirement savings account. Automatic payroll deductions from your paycheck are invested in funds you select from the Savings Plus portfolio menu.What is SBI Savings Plus account?
SBI Savings Plus Account is an unique Savings Bank Account linked to MODS. In MODS (Multi Option Deposit Scheme), the surplus fund above a certain threshold limit from the savings account will be automatically sent to Term Deposit accounts. This scheme will promote greater savings and also offer a range of benefits to the customers.