The CSU 403 (b) Supplemental Retirement Plan (SRP) is a voluntary program that allows eligible CSU employees to save toward retirement by investing pre-tax contributions in tax-deferred investments in either annuities or mutual funds, under Internal Revenue Code (IRC) Section 403 (b). The 403(b) contributions are made solely by the employee through payroll deductions, prior to federal and state taxes being calculated.
Employees may access enrollment, deferral, and investment information at Fidelity NetBenefits.
To change the amount you contribute or how your funds are invested, login to your account through Fidelity NetBenefits.
Employees may make maximum contributions to a 403(b) plan and a 457 plan. For example, for tax year 2019, a participant could elect to contribute up to $18, 500 to a 403(b) plan AND up to $19, 000 to a 457 plan, for a total contribution of up to $38,000. However, contributions to a 403(b) plan are offset by any contributions to a 401(k) plan in the same tax year. Employees contributing to both a 403(b) and a 401(k) plan are restricted by IRS regulations to a combined total of $19,000.
Each employee is responsible for their own calculations and to make sure the IRS limits are not exceeded.