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Benefits

PST Retirement Program

A mandatory retirement savings plan for CSU employees not eligible for CalPERS.

What is PST?

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The Part-time, Seasonal, and Temporary (PST) Retirement Program is a mandatory savings plan for CSU employees who are not eligible for CalPERS or Social Security.

Instead of contributing to Social Security, 7.5% of your wages are automatically deducted and deposited into a 457(b) retirement savings account managed by Savings Plus, a program of the California Department of Human Resources.

This plan helps part-time and temporary employees build retirement savings, and the funds are immediately vested, meaning they belong to you from day one.

Who is Enrolled in PST?

You are enrolled in the PST Program if:
  • You are a CSU employee not covered by CalPERS
  • Your position is considered part-time, seasonal, or temporary
  • You are not participating in another qualified retirement system

How it Works

  • 7.5% of your wages are automatically deducted and contributed pre-tax
  • Funds are placed in a Savings Plus 457(b) Plan
  • There is no employer match
  • You are immediately vested—the money is yours from day one
  • You can manage your account and investments through Savings Plus
Learn More About PST

What Happens If You Become CalPERS Eligible?

If your employment status changes and you become eligible for CalPERS:
  • The 7.5% PST deduction stops
  • You are enrolled in CalPERS
  • Your PST funds are automatically rolled over into a 457(b) account
  • You can manage or reallocate investments from the default Target Date Fund
Savings Plus charges a $1.50/month administrative fee per account.

Can You Use PST Funds to Purchase Service Credits?

Yes. In some cases, your PST 457(b) account can be used to purchase service credit with CalPERS or another public retirement system.

To explore your options:
  • Contact Fresno State HR at (559) 278-2032 to confirm eligibility
  • Then log in to myCalPERS to request a cost estimate for your service credit purchase
đŸ“Œ Service credit purchases must be reviewed and approved by CalPERS before you can initiate a transfer of funds from your PST account.