Retirement

Summary

Ohlone College offers its employees a generous pension plan and various retirement savings plans (403(b) and 457B) enabling employees to achieve a secure retirement following their career.

CalPERS

The California Public Employees' Retirement System (CalPERS) is an agency in the California public employees, retirees, and their families.

Employees hired on or after January 1st, 2013 are subject to restrictions imposed by PEPRA.

Under this plan, employees contribute 6% ( for employees who are hired after Jan. 1st, 2013 and affected by PEPRA) or 7% (for employees hired before Jan 1st, 2013 and considered Classic employees) of their salary to their CalPERS retirement plan. The District contributes a percentage of the employees' salary towards their retirement.

A list of most requested CalPERS forms are available below:

Website and Customer Service Contact

CalSTRS

  • Active CalSTRS Employee:
    • Common forms for Active CalSTRS Employee
  • Employees Who are Leaving CalSTRS Membership:
    • Common forms for transitioning CalSTRS Employee
  • Planning for Retirement:
    • Common forms for retiring CalSTRS Employee

Website and Customer Service Contact

  • CalSTRS website
  • Member Services

Tax Sheltered Annuities - 403(b)/457B

Ohlone College provides supplemental retirement plans for all employees. The plans allow participants to make tax-sheltered contributions to a retirement account.

All employees are eligible to participate in the District's 403(b)/457 plan on the first of the month coinciding with or immediately following the date of hire.

The amount of the contribution is determined by the employee, but must be an amount that does not exceed the employee's statutory exclusion allowance under Section 403(b) or the limitations of Section 415 or 402(g) of the Internal Revenue Code, whichever is less. The tax-deferred contribution is made on a monthly basis coinciding with the pay date. The contribution becomes effective on the first day of the pay period following the completion of a Salary Reduction Agreement.

Employees who want to participate in a 403(b) or 457B plan (or both plans), change an existing contribution amount, or cancel their contribution must complete a salary reduction agreement  online with TSA Consulting Group.   TSA Consulting Group is the District's Third Party Administrator. 

TPI = Teacher's Pension & Insurance Services.)


Website and Customer Service Contact

TSA Consulting Group
Phone: 1-888-796-3786
Fax: 1-866-741-0645

Email: recordkeeping@tsacg.com

Plan Documents Mailing Address:
TSA Consulting Group, Inc.
Attn: Participant Services
P.O. Box 4037
Fort Walton Beach, FL 32549-4037

 

For assistance or to learn more about retirement plans you can contact:  

Teacher's Pension

Daniel Krause

Teacher’s Pension Services/Encompass

Financial Advisor

Registered Representative

Office: 1-800-474-1440 Ext 102

Mobile: 209-765-0592

Email:  dkrause@tpensions.com

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