Human Resources - Furlough Central

403(b) Tax-Sheltered Annuity (TSA) Frequently Asked Questions

Q: How do I make changes to my current TSA contribution?

A: All TSA enrollments and deferral changes must be made by employees on Retirement Manager, an online process through AIG Retirement, the Master Administrator. The Retirement Manager online process replaces the 403(b) Salary Reduction Form, which is no longer in use. All salary reduction changes (stop, start, increase and/or decrease) will be managed by the employee in Retirement Manager. Link to Retirement Manager at:

Q: If I change my contribution, when will it go into effect?
A: Employees must make contribution changes in Retirement Manager before the monthly TSA cutoff date to have the transaction take effect in the next pay period. TSA cutoff dates are available for each payroll period in 2009.

Q: What is the Unique Identifier that Retirement Manager requires in order to log-in?
A: The Unique Identifier in Retirement Manager is the employee's Social Security Number (SSN). When the employee logs on for the first time, the employee will have to provide his/her Social Security Number (SSN), last name and date of birth. Retirement Manager will prompt the employee to create a password. Thereafter, each time the employee logs into Retirement Manager, the employee's SSN and a password that the employee created will need to be used to gain access.

Q: What is the minimum amount I can contribute to a TSA?
A: The CSU Tax Sheltered Annuity Program requires a $15.00 minimum monthly contribution (per fund sponsor).

Q: What is the maximum amount I can contribute to a TSA?
A: For the 2009 tax year, the annual contribution limit is $16,500, but the monthly contribution amount cannot exceed the employee's net (take-home) pay.  Additional catch-up provisions may also be available to some employees who are over age 50 or have at least 15 years of full-time equivalent service with the CSU.

Q: What happens if my TSA contribution amount is higher than my new net pay under the furlough?
A: No TSA contribution will be deducted if your TSA deduction amount exceeds your net pay. Because the furlough will reduce employees' gross pay, individuals who currently make large contributions to their TSA, 401(k) and/or 457 retirement plans should review their TSA deductions and, if necessary, reduce their contributions accordingly.

Q: Can I withdraw funds or borrow from my TSA account?
A: The process for requesting loans and hardship withdrawals has been activated in Retirement Manager for current fund sponsors (with the exception of Fidelity), and several legacy vendors. Please visit the following link on the Benefits Portal for more information on this process.

Q: How can I find more information about the changes to the TSA Program?
A: The CSU is committed to providing you the information, tools, and resources you need to make decisions that are right for you. Please visit the CSU Benefits Portal for the most up-to-date information as it becomes available.