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California State University, Long BeachCalifornia State University, Long Beach

TSA 403(b) Program Information

The CSU 403(b) Tax Sheltered Annuity (TSA) Program is a voluntary program that allows eligible CSU employees to save toward retirement by investing pre-tax contributions in tax-deferred investments in either annuities or mutual funds, under Internal Revenue Code (IRC) Section 403(b). TSA contributions are made solely by the employee through payroll deductions, prior to federal and state taxes being calculated. Consequently, these pre-tax contributions result in reduced taxable income for participating employees.

Enrolling in the TSA 403(b) Program

Eligibility

All employees are eligible to participate in a 403(b) program, regardless of time base (with the exception of certain student classifications), including rehired annuitants.

Enrollment Procedures

Enrolllment in the CSU 403(b) Program is through an online process using the VALIC Retirement Manager system will end on April 1, 2016.

  • March 1, 2016:
    • The last date current payroll contributions will be directed to MetLife, TIAA-CREF, VALIC, Voya or Fidelity in your current investment lineup.
  • March 7, 2016:
    • Participants may enroll or make changes to their contribution amount for the May 1st pay warrant through Fidelity NetBenefits at http://netbenefits.com/calstate or by call Fidelity at (800) 343-0860.
    • Early Choice Window Opens. Participants will have the opportunity to elect from the new investment line up. Review the new investments online at http://netbenefits.com/calstate.
    • Designate your beneficiaries.
  • March 28, 2016:
    • Early Choice Window Closes. If you didn’t make an investment election, your contributions will default to one of the Vanguard Target Retirement Date funds (based on the year in which you turn age 65).
    • Individuals will not have access to the new fund line between March 28, 2016 and March 31, 2016. Access to the fund line up will resume on April 1, 2016.
  • April 1, 2016:
    • Participants may begin to transfer account balances form their current vendor to Fidelity should they choose to. For more information contact Fidelity at (800) 343-0860.

Deduction changes must be made by 9:59 pm on the 5th of the month. If the 5th falls on a holiday or weekend the cutoff day is the next business day.

403(b) Fund Sponsor Representatives and Contact Information

Useful 403(b) Information