The Part-Time, Seasonal, Temporary (PST) Plan
To satisfy state and federal requirements, CSU employees who work less than half-time, are seasonal, or are employed on an intermittent or temporary basis and do not qualify for membership in CalPERS, do not pay into Social Security and are subject to a mandatory 7.5% pre-tax contribution each month, which will be placed in the following retirement plan:
- Administered by the California Department of Personnel Administration (DPA) Savings Plus Program Office (SPP).
- Participants include non-represented employees and employees in all Bargaining Units.
- PST assets are invested in the Dwight/SEI Stable Asset Fund or other fund selected by Savings Plus Program. You can obtain more information about this fund by contacting Savings Plus Program at (866)566-4777.
- If your employment status (length of employment or time base) changes and
you become eligible for CalPERS, the 7.5 percent PST deduction from your paycheck ceases. 100 percent of your PST account balance will be automatically transferred to the Savings Plus 457 Plan, and an account will be established in your name. The funds will be credited initially to the Savings Pool or other fund selected by Savings Plus. You may exchange your funds from the Savings Pool to other investments of your choice within the Savings Plus portfolio.
- If you separate from employment, you become eligible to withdraw money from your account 90 days after your last contribution posts.
- The methods of payment available are explained in the Part-time,
Seasonal, and Temporary Employees Retirement Program: Benefit Payment Booklet. You may download this document from Savings Plus Program or call our automated Voice
Response System at (866) 566-4777 to request that it be mailed to you.