Benefits

Retirement & Savings Programs

California State University offers retirement programs to both full-time employees, and eligible part-time and temporary employees.  In addition, employees can take advantage of various voluntary retirement and savings programs.

CalPERS RETIREMENT PROGRAM

Full-time appointments that exceed six months and half-time appointments averaging 20 hours per week for one year or longer are automatically enrolled in this employer/employee funded plan.

PART-TIME RETIREMENT PROGRAM (PST)

Employees excluded from CalPERS membership are covered by the CSU Part Time Seasonal Temporary (PST) Retirement Plan.   

"SAVINGS-PLUS" PROGRAM

The Savings Plus Plan (SPP) is a voluntary program which allows eligible state and CSU employees to save toward retirement by investing pre-tax contributions. These tax-deferred investment are offered through two deferred compensation plans: a Thrift Plan (IRC 401k) and a Deferred Compensation Plan (IRC 457).

CSU 403(b) TAX SHELTERED ANNUITY (TSA) PROGRAM

The Tax Shelter Annuity Program, also known as a (403)b, is a voluntary program that allows eligible CSU employees to save toward retirement under Internal Revenue Code [IRC Section 403(b)]. to save toward retirement under Internal Revenue Code [IRC Section 403(b)].

FACULTY EARLY RETIREMENT PROGRAM (FERP) AND YOUR BENEFITS

Eligible Faculty members who retire and participate in the Faculty Early Retirement Program are provided benefits through CalPERS.

SCHOLARSHARE

ScholarShare is California's 529 College Savings Plan. Earnings grow tax-deferred, and distributions for qualified higher education expenses are tax-free. California State employees can make automatic payroll deductions, and the money can be used at accredited colleges, vocational-technical schools, in-state or out of state, including eligible foreign institutions. Benefits include:

  • Earnings on after-tax contributions grow tax-deferred
  • No federal or state taxes on qualified distributions
  • Wide range of investment options
  • High contribution limits