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Retirement Programs

Retirement Programs Available:

California Public Employees' Retirement System Benefits (CalPERS)

Staff who are appointed to a full time position or to a temporary position lasting at least six months and one day are automatically enrolled in CalPERS.

Tenure-track faculty are also automatically enrolled in the California Public Employees Retirement System (CalPERS). Lecturers who teach three consecutive semesters with a 0.5 or greater appointment will be enrolled in the PERS system automatically during the third semester.

Visit Academic Resources for more information.

The CSU plan with PERS is a defined benefit plan that calculates the retirement benefit using age at retirement, years of service credit, and salary. Eligibility for retirement from PERS is five (5) years of service and age 50. Retirees may be eligible for medical and dental benefits for life for themselves and their spouse.

CalPERS allows employees to purchase additional service credit, such as military, maternity/paternity, or sabbatical, to increase the amount of their compensation at retirement. From the CalPERS Home page, click on "For Members for access to the Service Credit Cost Estimator.

Part-Time, Seasonal, Temporary, Retirement Plan (PST)

All non-CalPERS eligible employees are placed into the: Part-Time, Seasonal, Temporary Employees Retirement (PST) Program - Section 457 Deferred Compensation Plan, which is administered by the State of California Department of Personnel Services Administration.

There is no employer contribution to this plan. Employees enrolled in this plan pay into Medicare.