Benefits

Supplemental Retirement Plans

Fidelity & Savings Plus Plans

Three voluntary retirement plan options are available to employees through Fidelity and Savings Plus. This allows employees to save toward retirement by contributing to tax-deferred investments and supplement their CalPERS Retirement Plan benefits. These plans help employees save money on taxes now and invest in their futures. Contributions are automatically deducted from employees’ paychecks. Employees are able to change investment options, beneficiary designations and contribution elections online at any time.

Fidelity - 403(b) Supplemental Retirement Plan

Fidelity Investments is the administrator/record keeper for the CSU 403(b) Supplemental Retirement Plan. This is a voluntary employer sponsored retirement savings account that is meant to supplement CalPERS pension and Social Security income in retirement. The benefit allows employees to put extra income aside for retirement in a tax deferred retirement savings account where the money can be invested. All employees are eligible to participate in a 403(b), regardless of time base including rehired annuitants.

2025 Contribution limits:

403(b) = $23,500
Combination of 401(k) and 403(b) = $23,500
Combination of 401k/403b ($23,000) and 457 ($23,000) = $47,000
Catch-up provision for each plan for employees ages 50-59 and ages 64+ = $7,500
New for 2025 Catch-up provision for each plan for employees ages 60-63 = $11,250
Catch-up provision for the 403b plan for employees who have worked at least 15 years may be eligible to contribute an additional $3,000 per year for up to 5 years for a total of $15,000. Employees who wish to contribute using this catch-up provision must demonstrate eligibility by completing the CSU Max Contribution Allowance Worksheet.

Campus Representative:
Jon Lee
Jon.lee@fmr.com
phone: 669-345-4485

Fidelity CSU Customer Service: 877-278-3699
Find additional resources and forms for the CSU 403(b) on the CSYou 403(b) website

View the 2025 Tax Deferred Plans Comparison Chart.

Visit Fidelity's Website

The State of California (CALHR) Savings Plus 457 Deferred Compensation or 401(k) Thrift Plans

California State employees have the option to participate in the Savings Plus 401(k) and 457(b) retirement savings plans through SavingsPlus. Both plans offer flexible contribution options to help you grow your retirement savings, with tax advantages that can support your financial goals. You can choose between pre-tax contributions (taxed upon distribution) or Roth after-tax contributions (taxed now, with potential tax-free withdrawals in retirement), depending on when you'd prefer to pay taxes. All employees are eligible to participate in the 401(k) plan, including rehired annuitants. Some employees are eligible to enroll in the 457 plan, it depends on the classification and time base.

2025 Contribution LImits:

401(k) = $23,500
457 = $23,500
Combination of 401(k) and 403(b) = $23,500
Combination of 401k/403b ($23,000) and 457 ($23,000) = $47,000
Catch-up provision for each plan for employees ages 50-59 and ages 64+ = $7,500
New for 2025 Catch-up provision for each plan for employees ages 60-63 = $11,250

The 457 plan contains a "Traditional catch-up" contribution which may allow you to contribute a higher amount to make up for the years you were eligible to contribute to the 457(b) plan, but did not maximize your contribution for those years. The 401(k) does not contain this provision.
To create an account for either the 401(k) or 457 plan, visit: Savings Plus Program.

Campus Representative: Brain Hinton
brian.hinton@calhr.ca.gov
Or contact Customer Service at 855-616-4776

To get started, visit the CalHR Savings Plus Program website for enrollment details and more information about your options. You can also refer to the Plan Comparison Chart (PDF) to help you determine which plan best fits your long-term financial objectives.

CalHR Savings Plus Program website