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Types of Savings Plans

457 Plan

The 457 plan is designed to provide tax advantages to you through voluntary pre-tax contributions, which lowers your taxable income, reduces the amount of tax you currently pay and, at the same time, allows you to set aside money for retirement.

You must be enrolled in the CERF Pension Plan to participate in the CERF 457 Savings Plan.

401(a) Plan

The 401(a) plan is designed to provide tax advantages to non-LAGERS employees through mandatory .7% pre-tax contributions, lowering your taxable income. This allows those employees to set aside additional money for retirement.

Please remember to double check to make sure contributions to Empower Retirement have been deposited to the correct account as follows: CERF 457 Plan (#98993-01) for employee deferrals (except .7% contributions) and CERF 401(a) Plan (#98993-02) for .7% contributions and the CERF match.


The CERF 457 and 401(a) Retirement Plans are powerful tools to help employees reach their retirement dreams. A new feature was recently added to the CERF plans to make preparing for retirement a little easier. Reality Investing is a tool that offers different retirement planning strategies for different types of investors.

Some people like to take a “hands on” approach when it comes to investing for their future. Others would prefer to leave the investment decisions to the professionals. Whatever your style, Reality Investing offers tools that can help you. For more information on the CERF 457 and 401(a) Savings Plans and/or Reality Investing, contact our Empower Retirement CERF Savings Plan Representative, Jim Ellison, at 1-877-895-1394, ext.120.