Benefits - Retirement

Employees with full-time appointments that exceed six months, or half-time appointments averaging 20 hours per week for one year or longer, 必须加入加州公共雇员退休系统(CalPERS). 该计划是一个固定收益计划，退休福利按退休年龄计算, years of service, and compensation. CSU和员工都向员工的CalPERS退休计划缴款. 雇员按每月总收入减去适用的抵销额的一定百分比供款(总收入-抵销额x适用的%). Employee contributions are not subject to federal and state taxes.

• Unit 3 - California Faculty Association
  • Prior to 2017 - Plan vesting is at five years of PERS credited service
  • 2017 to current - Plan vesting is at ten years of PERS credited service
• All Other Bargaining Units
  • Prior to 2018 - Plan vesting is at five years of PERS credited service
  • 2018 to current - Plan vesting is at ten years of PERS credited service

Employees excluded from CalPERS membership are covered by the CSU Part Time Retirement Plan 也被称为兼职季节性临时雇员退休(PST)计划.

加州公务员退休基金系统成员的加州州立大学雇员属于“州杂项”, First Tier" plan, or one of the Public Safety plans, depending on classification. In addition, due to recent Pension Reform legislation that went into effect on January 1, 2013, 请注意适用于CSU员工的旧及新退休公式:

CSU Employees

Public Safety Employees

Additional Contribution & Retirement Information

Employees in retirement formulas 2% at 62, and 2% at 57 and 2.5% at 57 are not subject to the offset amount.

62岁时占2%的成员除外(最低退休年龄为52岁), 当员工年满50岁并至少有5年的加州公务员退休计划服务时，他们有资格退休并领取每月的养老金福利.

Employees who became members of CalPERS on or after 7/1/1996, are subject to the IRC 401(a) (17) limit, 是什么限制了可用于计算加州公务员退休基金退休福利的补偿金额. For 2014, the limit is $260,000.

Employees who become new members of CalPERS on or after 1/1/2013, are subject to a compensation cap of $115,064 if participating in Social Security or $138,077 if not participating in Social Security (such as Public Safety employees). 这些金额代表了62岁时被列入2%的员工最终薪酬和退休福利计算的最高工资, 2.5% at 57, or 2% at 57 retirement formulas.

In addition, once an employee's salary reaches the compensation cap during the year, 雇员的退休供款将于翌年1月停止及重新启动.

如果员工在离职后120天内退休，任何未使用的病假都将转换为额外的服务积分. Eight hours of sick leave equals one day (.004 of a year of service). It takes 250 days of sick leave to receive one year of service credit (.004 x 250 = 1 year).

CalPERS is taking an average of 3 months to calculate sick leave. Once completed, your adjusted pension will be retroactive to date of retirement.

CSU retiree medical, 从离职之日起120天内退休的雇员(及其符合条件的家属)可享受牙科和视力福利. Retiring employees may view the Retiring Benefits FAQs for more information.

Applying for CalPERS Service Retirement

雇员应在预期退休日期前至少一年开始他们的退休计划. Use this Retirement Checklist to help you through the process.

CalPERS Power of Attorney

加州公务员退休基金的特别授权书允许会员指定一个代表或代理人来处理他们的退休事务，如果他们不能代表自己行事.

More information on CalPERS Power of Attorney

CalPERS Beneficiary Designation

加州公务员退休基金受益人指定表格允许成员指定主要和次要受益人，以便在成员在退休前死亡时支付特定的死亡福利金.

More information on CalPERS Beneficiary Designation

Social Security

As a member of CalPERS, employees also participate in Social Security.

• Social Security and Medicare taxes are withheld from your paycheck.
• 2013 withholding rates are 6.2 percent for Social Security and 1.45 percent for Medicare.
• Social Security maximum taxable earnings is $113,700, effective January 1, 2013.
• There is no limit for Medicare.
• Beginning in 2013, an additional Medicare tax of 0.9% will be applied when an employee's wages and compensation exceed $200,000.

FAQs

Retiree Health Benefits Coverage FAQs

The Part-Time Seasonal Temporary (PST) Employees Retirement Program 是联邦法律授权的一项强制性退休储蓄计划，适用于未加入加州公务员退休基金(CalPERS)的雇员。. Savings Plus, part of the California Department of Human Resources, 管理加州州立雇员和加州州立大学雇员的PST计划.

如果你是不受社会保障保障的CSU员工你就被排除在加州公务员退休基金之外, you're automatically enrolled in the PST Program. PST employees generally include:

• Part-time employees who work less than half time
• Seasonal employees
• Temporary and Permanent-Intermittent (PI) employees, 按日受雇少于6个月或125天，或少于1天,在一个财政年度(7月1日至6月30日)内，如果按小时计算，工作时间为10,000小时
• Half-time CSU employees who have less than one academic year of credited service
• 为税务目的而非半日或以上入学的外籍居民雇员

The program deducts 7.5 percent of your pretax wages and deposits it in a PST Program account for you, allowing you to build retirement savings. 它被设定为457计划，这是一种受美国国税局规定管辖的退休储蓄计划.

从你的薪水中扣除的PST项目将投资于一个“稳定资产”基金(具体来说是, the Short Term Investment Fund – PST), which preserves capital and provides a stable rate of return. 你的账户余额包括从你的薪水和任何潜在收入中扣除的金额.

For more information on the PST plan, visit the Savings Plus website.

符合条件的雇员可以通过投资储蓄+计划来推迟部分收入的纳税. 雇员可以选择国家递延补偿计划(457)和国家储蓄计划401 (K)。. 储蓄增值计划提供不同的投资选择，以及使用自我管理帐户投资共同基金的机会.

For more information and to enroll in this program, call Savings Plus at (855) 616-4776 or visit the website at www.savingsplusnow.com.

Eligible employees may participate in an IRC 403(b) tax-sheltered annuity plan. This plan allows an employee to defer a maximum pre-tax deduction of $20,500. There is no employer matching contribution. Fidelity is the Master Administrator.

The Fund Sponsor

Fidelity Investments
877-CSU-3699 (877-278-3699)

Catch-Up Allowance

Employees may be eligible for the 15-Year and/or Age 50 Catch-Up.

If an employee qualifies for both the 15-Year and Age 50 Catch-Up, the 15-Year Catch-Up must be exhausted before the Age 50 Catch-Up is applied.

员工必须通过联系人力资源管理福利以获得CSU最高供款津贴工作表来证明其资格.

Change or Reallocation of TSA Contributions

若要在基金保荐人的投资选择内重新分配您的供款，请联络您的基金保荐人: Fidelity Investments

The cutoff day to make changes in Fidelity is the 5th of each month by 9:59 p.m. Pacific Standard Time (PST) or the next business day by 9:59 p.m. if the 5th falls on a holiday or weekend.