State of California
   
   M E M O R A N D U M
   
   REFERENCE CODE:
   PML 95-045
   
   DATE:
   September 19, 1995
   
   TO:
   Personnel Officers
   Departmental Training Officers
   
   
   FROM:
   Department of Personnel Administration
   Benefits and Training Division
   
   
   SUBJECT:
   Savings Plus Program Presentation
   
   CONTACT:
   Donna Uchman, Savings Plus Program Analyst
   (916) 324-0513, CALNET 454-0513
   Office Vision:  DPA(DMUCHMAN)
   Internet:  DMUCHMAN@SMTP.DPA.CA.GOV
   
   
   Statewide SPP Presentations
   
   Last year, the Department of Personnel Administration,
   Savings Plus Program (SPP), gave over 150 presentations
   throughout California on the merits of the 457 Deferred
   Compensation Plan and the 401(k) Thrift Plan.   The
   presentations were given by retired annuitants, who were
   hired and trained for the specific purpose of informing
   State employees on the benefits of the SPP.  The
   department also implemented a video loan-out program when
   presentations were not feasible.
   
   The ability to participate in the SPP is an important
   employee benefit for everyone, but especially for those
   employees who are enrolled in Tier 2 retirement.  By
   encouraging employees to attend a SPP staff presentation
   or video showing, management will assist employees in
   learning how to maximize their retirement investment and
   improve their long-term financial independence.
   
   Questionnaires
   
   Over 700 letters and questionnaires were mailed last
   Spring to various State offices advising them of the
   marketing efforts under way.  If your office did not
   receive a questionnnaire and is interested in receiving
   information on the SPP, please complete the attached
   questionnaire and return it to the address indicated on
   the form.   The information will be entered into a
   databank and will be used for future marketing activities.
   
   During 1996, we will continue to provide SPP presentations
   for State employees.  Later this year letters will be
   mailed to those departments who hosted SPP presentations
   asking if they again wish to schedule presentations and
   advising them of future marketing activities.
   
   
   Usually, presentations are provided only when an office
   feels confident that a minimum of 30 employees will
   attend.  If because of the limited number of employees at
   an office, it doesn't appear feasible to schedule a
   presentation, your office will be contacted as videos
   become available for loan.
   
   Policy for Time to Attend
   
   Frequently we have been asked whether State time, or
   employee time, should be used to attend these
   presentations or video showings.  There is not uniform
   statewide policy because many departments have unique
   operational needs.  However, each department is encouraged
   to allow State time for employees to attend these
   informational meetings.  Presentations last only one hour;
   video showings take even less time.
   
   The SPP will work with State offices to determine the most
   effective means to convey this information to employees. 
   If a presentation is scheduled, every effort will be made
   to meet requests for a specific date and time.  However,
   we cannot guarantee that a speaker will always be
   available for a specified date or time.   
   
   Questions regarding SPP presentations should be directed
   to Donna Uchman, Savings Plus Program Analyst at (916)
   324-0513 or Calnet 454-0513.
   
   
   
   Patricia Pavone, Chief
   Benefits and Training Division 
   
   Attachments will be mailed with hard copy.