State of California

  M E M O R A N D U M

  REFERENCE CODE:
  2002-044

  DATE:
  July 30, 2002

  TO:
  Employee Benefit Officers
  Personnel Officers
  Personnel Transactions Supervisors
  Personnel Transactions Staff

  FROM:
  Department of Personnel Administration
  Savings Plus Program

  SUBJECT:
  Part-time, Seasonal, and Temporary (PST) Retirement Plan
  Benefit Payment Application and Fact Sheet 

  CONTACT:
  Lupe Vela
  (916) 323-2701, CALNET 8-454-2701
  FAX: (916) 327-1885
  Email: www.lupevela@dpa.ca.gov


  The following memo provides information regarding plan 
  material revisions to the PST Retirement Plan Benefit 
  Payment Application (BPA) (DC-3500) and the new PST Fact 
  Sheet (DC-3756)
  
  PST Retirement Plan Benefit Payment Application
  Attached is the revised PST BPA (DC-3500, revised 06/02) 
  form including the Special Tax Notice Regarding Plan 
  Payments 402(f).  The 402(f) must be attached to each 
  application.  All previous revisions of the PST BPA are 
  no longer valid and should be destroyed.  In the event 
  that the Savings Plus Program (SPP) receives an obsolete 
  form, it will be returned to the employee unprocessed, 
  which will result in a delay in processing.
  
  When an employee separates from employment or becomes 
  eligible for the California Public Employees' Retirement 
  System (CalPERS), they meet the eligibility requirements to 
  receive a refund or to rollover/transfer PST Plan assets.  
  The following options are available:
  
   
  
  
  
  Separated From Employment
  A refund of PST Plan 
  assets.
  If employed by another 
  governmental agency that 
  offers a 457 DCP, a 
  direct transfer to the 
  new employers' 457 DCP.
  NEW - A rollover of 
  assets to an IRA, 401(k), 
  A refund of PST Plan assets.If employed by another governmental agency that offers a 457 DCP, a direct transfer to the new employers' 457 DCP.NEW - A rollover of assets to an IRA, 401(k), or a 403(b).
  
  
  
  PST Fact Sheet 
  Attached is a PST Fact Sheet (DC-3756, revised 07/02).  
  The Fact Sheet replaces PST Retirement Plan Booklet (STD 
  950) and the PST Retirement Plan Brochure (SPP 2009).  
  Destroy any copies you may have of these obsolete 
  documents.  The PST Fact Sheet should be provided to each 
  new PST hire.
  
  You may make copies of the attached documents or they can 
  be requested by having the employee call the Savings Plus 
  Program Voice Response System (VRS) toll-free at 866-566-
  7777.  To obtain a PST Benefit Payment Application (BPA) 
  using the telephone, they must do the following:  Call the 
  VRS, press 3 for PST, enter their 9-digit SSN and a 
  Personal Identification Number (PIN) which they will choose 
  themselves.  After entering the PIN, choose option 4, then 
  option 5.  Enter VRS order number 8026 to order the PST 
  Benefit Payment Application.  Enter VRS order number 8035 
  to order the PST Fact Sheet.
  
  To download the PST BPA or Fact Sheet from the SPP Web site 
  (www.sppforu.com), do the following: From the Welcome page, 
  click EMPLOYER, then "Plan Info & Forms", then "Forms and 
  Publications".
   
  Additional information about the PST Plan is available on 
  the SPP Web site under "Contact Us".  Select the "Contact 
  Us" tab, click the link under Contact SPP (maximize the 
  screen for better viewing), Select PST Retirement Plan from 
  the list of topics provided and then Submit, to read the 
  most frequently asked questions.  To print this information 
  use Ctrl+P on your keyboard, or click File/Print, or the 
  print icon.
  
  
  
  
  
  
  
  
  Karen Alejo, Administrator
  Savings Plus Program
  
  Attachments will be distributed via mail.