CSU Retirees

CSU TSA 403(b) Legacy Fund Balance Mapping

In an effort to reduce participant costs and improve the design and operation of the California State University Tax Sheltered Annuity (TSA) program, CSU will be implementing a transfer of asset balances currently held by the TSA legacy recordkeepers (Fidelity, MetLife, TIAA, VALIC, and Voya) to the active TSA Program administered by Fidelity. Balances held in legacy annuity contracts will not be affected by this transition. This is scheduled to take place at the end of May 2018.

More Information on What Took Place

CSU TSA Legacy Fund Balance Mapping Video Presentation - This brief Video Presentation will go through the details of the asset transfer.

Transition Guide This guide has detailed information on all the steps that took place. The transition guide also has a table detailing the investment options that were mapped to Fidelity.

Actions Impacted Participants should take

Access your Fidelity NetBenefits Online Account

  • If you have a username and password for your current Fidelity account, you can use that information to access your retirement account.
  • If you do not have a Fidelity username and password, log on at netbenefits.com/calstate, click the Red "Enroll", and follow the step-by-step instructions to set up your account.

Investment Election

  • As a result of these changes, you may want to evaluate the appropriateness of your current investment allocations and determine how your financial strategy for retirement may be impacted. You may log on to NetBenefits at www.netbenefits.com/calstate or call Fidelity at 800-343-0860 to make your selections.
  • If you did not make an investment election, your legacy mutual fund account balances held at the Program's five legacy recordkeepers were transferred into the Vanguard Target Date Retirement Fund at Fidelity that most closely aligns with the year you will reach age 65.

Beneficiary Election

  • Beneficiary information on file with the five legacy recordkeepers did not transfer to Fidelity. It's important to update your beneficiary information. You can review and confirm your beneficiaries on Fidelity NetBenefits at www.netbenefits.com/calstate or call Fidelity at 800-343-0860.

Need More Assistance

  • Fidelity Retirement Planners are knowledgeable professionals equipped with the tools and resources you need to help you plan for a solid financial future beyond your years with CSU.
  • Retirement Planners will continue to visit the campuses for one-on-one consultations. Go to www.netbenefits.com/calstate or call 800-642-7131 to schedule an appointment.