Contributions may not be made to both programs during the same year unless approved by Department of Personnel Administration. Also, there can be lower maximum limits for those employees who participate in both programs . 99-00 Form . There are approximately 100 eligible mutual fund and insurance companies participating in this program. The account is established in the employee's name as an individual account.
All employees are eligible to participate regardless of timebase.
An employee may contribute simultaneously to a maximum of two companies at any given time. The Salary Reduction Agreement contains the California State University administrative regulations and requirements. Please read this agreement carefully before signing. Please contact your tax advisor to determine your own personal exclusion amount. This is important for calculating maximum contributions for a tax year.