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.
CSU ScholarShare Payroll Direct Deposit Form: Employee Direct Deposit Form
Complete this form to establish, change or cancel Payroll Direct Deposit instructions on your ScholarShare account(s).
For more information or to enroll, call (800) 554-5248 or visit www.ScholarShare.com.