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 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.