I have retirement funds on deposit with another retirement system; can I roll that money into CalPERS?
CalPERS is a defined benefit program unlike a 401(k), 457 or 403(b), defined contribution accounts. Therefore, you are unable to roll these funds into CalPERS. However, CSU does provide several investment options under the defined contribution program. These accounts or employee funded accounts only. There is no employer contribution to the defined contribution plans. Other rollover options may apply. Contact CalPERS directly for specific details.
Related Questions
- If I am refunding from the Traditional Pension Plan and have funds in the School Employees Retirement System (SERS) and/or State Teachers Retirement System STRS), do I need to do anything?
- I have retirement funds on deposit with another retirement system; can I roll that money into CalPERS?
- How can I receive the funds on deposit with the retirement system?
