Payroll & Benefits
Tax Sheltered Annuity Option for CSU Employees
The CSU Tax Sheltered Annuity (TSA) Program is an optional benefit for all employees. It offers a robust, manageable selection of investment choices from five Fund Sponsors (Fidelity, ING, MetLife, TIAA-CREF and VALIC) and allows employees to manage monthly contributions via Retirement Management. Now is a good time to enroll and/or to re-evaluate the monthly TSA contribution.
The Payroll and Benefits office has invited representatives from the CSU Tax Sheltered Annuity plans and The Savings Plus Program to visit campus and help with retirement planning. The fair will be held from 11:00 a.m. - 1:00 p.m. on Thursday, October 17 in the Commons.
Additionally the TSA fund sponsors will be available to hold one-on-one sessions by appointment before and after the fair in the same room. Please see the information below to schedule a one-on-one session with a Fund Sponsor.
- ING Life & Annuity (TSA) – Gary Bozin, firstname.lastname@example.org, (408) 881-0199 or Sanford Bressick, sbressick@ft.NewYorkLife.com, (707) 528-1597
- VALIC (TSA) – Michael Gelsinger, email@example.com (707) 331-4608
- MetLife (TSA) – Debra R. Verdi, firstname.lastname@example.org, (925) 415-0871
- Fidelity – General Account Questions (800) 343-0860, Specific Account Questions – Joe Casey, Joe.email@example.com, (925) 334-2602
- Not Able to Attend - TIAA-CREF – General Account Questions (800) 842-2252, Specific Account Questions – Alden Wonnell, firstname.lastname@example.org, (415) 882-3559
The Savings Plus Program has been invited to discuss 457 and 401(k) as an additional option for tax deferred savings. They will be available during the fair hours from 11:00 a.m. - 1:00 p.m. Savings Plus Program (457 and 401(k)) – (855) 616-4776 (Toll Free)
For those currently enrolled in the CalPERS or PST retirement program, most employees will need to supplement their retirement benefit with additional retirement savings. Setting aside a portion of an employee's salary now will help secure retirement in the future. With a minimal investment of just 50 cents a day, take advantage of “compounding,” which means money generates earnings as funds are re-invested over a period of time. Plus, there are additional opportunities to invest beyond the limit for those 50 or older, and/or have worked for the CSU for 15 years or more and missed opportunities to invest earlier.
SAVE THE DATES – December 16 - 20 the fund sponsors will be hosting retirement workshops. These will be focused on how to prepare for retirement and save money. Keep an eye out for further communications from the Payroll and Benefits Office.
For more information on TSA programs or questions in regard to the upcoming campus visit of the fund sponsors, please visit Payroll and Benefits www.sonoma.edu/payroll/ or call x4-2793.
All CSU employees are eligible, with the exception of certain student positions.
Delivery Options for CalPERS 2013 Annual Member Statements
The CalPERS Annual Member Statements will be available online on October 28, 2013 for active members. This supports CalPERS ongoing efforts in reducing costs and supporting a green community.
CalPERS members can access the Annual Member Statement online by logging into their my|CalPERS account at my.calpers.ca.gov. The Annual Member Statement will include the members accumulated service, a breakdown of contributions and interest, name of employer(s), and retirement formula(s) as of June 30, 2013.
Faculty and staff who would like to continue to receive their Annual Member Statement by mail, will need to change their mailing preference by October 3, 2013 by following these instructions:
Log into my.calpers.ca.gov, go to the Profile tab and select Mailing Preference; or Contact the CalPERS Customer Contact Center at 888 CalPERS (or 888 225-7377).
For those with questions about the CalPERS 2013 Annual Member Statement please visit the CalPERS website or contact the CalPERS Customer Contact Center.