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CSU 403(b) Supplemental Retirement Plan

Overview

The California State University 403(b) Supplemental Retirement Plan (SRP) is a voluntary program that allows eligible CSU employees to save toward retirement by contributing to tax-deferred investments. SRP contributions are made solely by the employee through payroll deductions, prior to federal and state taxes being calculated. In order for eligible employees to take advantage of the tax savings via payroll deduction, a 403(b) account must be established with Fidelity, the SRP record-keeper.
 

Program Details

  • Eligible employee​s may have their contributions automatically deducted from their paycheck.
  • You can contribute a portion of your compensation as pre-tax elective deferrals or after-tax Roth contributions.
  • Eligible employees can defer a minimum of $15 a month and a maximum pre-tax/post-tax of $19,000 annually for 2019.
  • Complementary Fidelity Retirement Planner Consultations, a Brokerage Link, and a Portfolio Advisory Services are some of the Program features. 

Enrollment Information

Employees may access enrollment, deferral, and investment information at Fidelity NetBenefits.

Transaction Information

 
SRP enrollments and deferral changes are designated by employees via Fidelity NetBenefits, an online process through Fidelity, the record-keeper for the SRP program.  All monthly salary reduction changes (stop, start, increase and/or decrease) and fund investment selections are managed by the employee via Fidelity NetBenefits. The minimum monthly deduction amount is $15 per month.​
 

Eligibility

All employees are eligible to participate in the 403(b) program, including rehired annuitants (regardless of age).

Effective Date of Coverage​

​As of April 1, 2016, TSA enrollments and deferral changes are designated by employees via Fidelity NetBenefits, an online process through Fidelity, the record-keeper. Salary reduction changes (stop, start, increase and/or decrease) will be managed by the employee in Fidelity NetBenefits. Fidelity will process employees' TSA transactions on a monthlybasis and submit them to the SCO in accordance with the SCO's deduction processing schedule. The cut-off date for employees to make changes in Fidelity NetBenefits is the 5th day of each calendar month by 9PM, for changes to be effective the first of the following month. 
 
Lump sum (i.e. CTO, vacation pay, settlement pay, etc.) TSA deferrals will continue to be processed by the campus Benefits and/or Payroll office.​
 
 

 

 

 
 
 

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