State of California

M E M O R A N D U M

To:       PERSONNEL MANAGEMENT LIAISONS      Date:     March 26, 1993
                                             Reference Code:  93-22

          THIS MEMORANDUM SHOULD BE DISTRIBUTED TO:
          PERSONNEL OFFICERS and
          PERSONNEL TRANSACTION SUPERVISORS  
                                                       
From:     Department of Personnel Administration

Subject:  PST Retirement Plan


The following information is provided as further clarification of
PST (part-time, seasonal, temporary) Retirement Plan eligibility. 
Employees who can provide documentation proving they are
currently deferring a minimum of $7,500 annually into a tax-
sheltered annuity plan under Internal Revenue Code Section 403(b)
are exempt from participating in the PST Plan.

Additionally I wish to remind all Personnel Offices that it is
their responsibility to see that new part-time, seasonal, or
temporary employees who are placed in the PST Retirement Plan are
given a copy of the PST Retirement brochure.  These brochures are
available from State Stores.  The stock code for the brochure is
7540-000-9500-5, unit designation "pg" (25 brochures per
package), at a cost of $8.75 per package.

If an employee who is placed in the PST Plan later qualifies for
PERS membership, he or she will receive a package of information
from the Savings Plus Program describing options available for
their PST funds.  The options available to these employees are
(1) they may leave their funds on deposit with the PST Retirement
Plan until they separate or retire from State service or, (2) if
they open a Deferred Compensation (457) account, they may write
the Savings Plus Program requesting that their funds be
transferred from the PST Plan to any investment option(s)
available in the Deferred Compensation Plan.  

If you have any questions regarding the PST Retirement Plan,
please call Donna Uchman of my staff at (916) 324-0513 or ATSS
454-0513.



Patricia Pavone, Chief
Benefits and Training Division