Part-time / Seasonal / Temporary Program
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. Savings Plus, part of the California Department of Human Resources, administers the PST Program for California State employees and California State University employees.
If you're a State or CSU employee who is not covered by Social Security and you're excluded from coverage under CalPERS, you're automatically enrolled in the PST Program. The program deducts a portion (7.5%) of your wages and deposits it in an account for you, allowing you to build retirement savings. It's set up as a 457 Plan, a type of retirement savings plan governed by IRS rules.
For more information on the Short Term Investment Fund – PST, visit the Savings Plus website. MAKE THE TEXT "Savings Plus website