1804 - Rehired Annuitants (Historical View)

Status: Active

Change Notes

Policy Created.

Category

Savings Plus

Audience List

• Employee Benefits Officers
• Personnel Officers
• Personnel Transactions Staff
• Personnel Transactions Supervisors

Synopsis

This policy

• Provides information about Rehired Annuitants.

Introduction

State and CSU employees who separate and return to service as “Rehired Annuitants” can contribute to their existing Savings Plus 401(k) and 457 Plan accounts or establish a new account.  (The term “rehired” annuitant, used in the CSU system, is also known as “retired” annuitant among State employees.)

Statement

State and CSU employees who separate and return to service as “Rehired Annuitants” can contribute to their existing Savings Plus 401(k) and 457 Plan accounts or establish a new account.  (The term “rehired” annuitant, used in the CSU system, is also known as “retired” annuitant among State employees.)

Application

Enroll online at www.savingsplusnow.com.

Authorities

• 401(k) Plan Document
• 457(b) Plan Document
• Budget Act of 2016, section 11.11
• Government Code section 19993
• Government Code section 19999.5
• Government Code section 19999.5
• Internal Revenue Code section 401(k)
• Internal Revenue Code section 401(k)
• Internal Revenue Code section 457(b)
• Internal Revenue Code section 457(b)

Resources

PML

• PML 2009-021: PML 2009-021 - 4/13/2009 - Rehired/Retired Annuitant Eligibility to Participate in Savings Plus

Web Pages

• Savings Plus Enrollment Booklet: For State Employees who wish to contribute to a Savings Plus account
• Savings Plus Now: Savings Plus is the 401(k) or 457(b) plan available to most State of California employees

Authorized By

Michelle Berklacich
Chief, Savings Plus Division

Contact Person

Kimberly Madson
Project Manager, , Savings Plus
Phone: 916-323-8489
Fax: 916-327-1885
Email: kimberly.madson@calhr.ca.gov

Superseded Policies