Retirement Programs

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Retirement Programs

Enrollment into CalPERS or SavingsPlus is automatic.

CalPERS

CALIFORNIA PUBLIC EMPLOYEES' RETIREMENT SYSTEM (CalPERS) is the retirement system in which eligible employees of Humboldt State University participate. Full-time appointments that exceed six months and half-time appointments averaging 20 hours per week for one year or longer require membership in CalPERS. Part-time lecturers and coaches may become eligible to the PERS retirement system at the beginning of a third consecutive semester at a .5 or more time base.

HSU employees who are members of the CalPERS system are in the "State Miscellaneous, First Tier" plan, or one of the Public Safety plans, depending on classification.

Employees excluded from CalPERS membership are covered by the Part-Time Retirement Program (see below).

We encourage employees enrolled in CalPERS to create an account with my|CalPERS. This will allow employees to view service credit, account balance, view annual statements and keep track of other important account information.

Part-Time Retirement Program

Part-Time, Seasonal, Temporary (PST) RETIREMENT PLAN is a mandatory retirement plan for non-CalPERS eligible employees. The plan is Administered by the California Department of Human Resources (CalHR), under the Savings Plus Program (457). The employee's contribution is 7.5% of the gross monthly salary. Employees may request a detailed brochure from Human Resources.

Voluntary Retirement Programs

California State University 403(b) 

Supplemental Retirement Plan

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.

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

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. 

CSU employees can now enroll in the 403(b) plan the following ways:

  1. Online at netbenefits.com/calstate 
  2. Over the phone 800-642-7131 (mention plan #50537)
  3. CSU 403(b) SRP Enrollment Form (return to HR once complete – this form is for new enrollments only)

Contribution ​Elections Change -  On-line at Fidelity NetBenefits or call 800-343-0860. Changes must be complete before 9PM on the 5th of each month to be reflected on the next pay cycle. 

Savings Plus Program: 401(k), 457(b)

Savings Plus  is a voluntary program offered by The State of California through CalHR (not CSU) and administered by Nationwide Retirement Solutions. This program allows eligible state and CSU employees to save toward retirement by investing pre-tax contributions in tax-deferred investments, via two deferred compensation plans: a 401(k) and a 457. These contributions are made through payroll deductions, prior to federal and state taxes being calculated. There is also a Roth (after-tax) 401(k) plan available.

Currently, the plan contribution limits that apply to Savings Plus are prescribed under Internal Revenue Code (IRC) Sections 401(k) and 457.

Contributions to a 457 plan are not offset by contributions to a 403(b), or 401(k) plan. For 2019, a participant could elect to contribute up to $19,000 to a 403(b), or 401(k) plan AND up to $19,000 to a 457 plan, for a total contribution of up to $38,000.

With the exception of the following, all employees (including rehired annuitants and FERP participants) are eligible to participate in the Savings Plus program:

  • Part-time, seasonal or temporary employees who are contributing mandatorily to the PST (Part-time, Seasonal, Temporary) Retirement Plan.

In order for eligible employees to take advantage of the tax savings via payroll deduction, an account must be established with Savings Plus.

For additional information regarding this program, including maximum contribution amounts, catch-up allowances, and administration of the Savings Plus program, please contact their office at (855) 616-4776, or refer to the Savings Plus website.