The PST Employees Retirement Program is a mandatory retirement savings program authorized by federal law for employees who are not covered by a retirement system or Social Security. The program deducts a portion of your wages and deposits it in an account for you, allowing you to build retirement savings.
All non-CalPERS eligible employees are placed into the Part-Time, Seasonal, Temporary Employees Retirement (PST) Program - Section 457 Deferred Compensation Plan. The plan is administered by the State of California Department of Human Resources (CalHR) under the Savings Plus Program PST.
There is no employer contribution to this plan. Employees enrolled in this plan pay into Medicare.