Eligible employees may participate in California's tax-advantaged 529 college savings plan. The plan is sponsored by the ScholarShare Investment Board, an agency of the State of California, and is managed by TIAA-CREF. There is no employer matching contribution to this program.
Earnings in your ScholarShare plan account grow tax-deferred. When you withdraw money to pay for qualified education expenses, you pay no federal or California state income tax.
For more information or to enroll online visit www.ScholarShare.com.