Employees are eligible for participation in either the State Teachers Retirement System (CalSTRS) or the Public Employees Retirement System (CalPERS) based upon the position classification and/or prior membership. These programs provide a lifetime retirement allowance based upon a retirement system formula which includes five full-time years of service. Associate faculty also have the option of participating in Fidelity Investments or the CalSTRS Cash Balance system which do not require any vesting or years of service.
For information on 403(b) and 457 plans, please click here to go to the Payroll department website.
For information on the Flexible Spending plan (FSA) or Health Savings Account (HSA), please click here to go to the Payroll department website.
REDUCED WORKLOAD PROGRAM
Click here for the packet on the CalSTRS Reduced Workload Program. The deadline to submit your request letter to HR is March 1 for participation in the Reduced Workload Program for the following school year.