Regular employees may apply for the American Express Corporate Card Membership while employed by CSULB Foundation. This program features all of the normal benefits associated with American Express membership without the annual membership fee. Membership applications are processed by American Express and are subject to their normal membership guidelines. Individual and program membership is subject to cancellation at any time and/or at the discretion of American Express or the Foundation. Corporate Card membership is only valid during active employment with the Foundation.
Foundation employees may take advantage of reducing their current tax obligation through TSAs. Current income is set aside on a pre-tax basis (except for FICA) and remains untaxed until it is used. Please contact a Human Resources Representative for more information.
Teachers' Insurance and Annuity Association
College Retirement Equities Fund
730 Third Avenue
New York, NY 10164-01294
www.tiaa-cref.org
(800) 842-2776
Foundation employees may join the Long Beach School Employees Federal Credit Union and the Orange County Teachers Federal Credit Union (OCTFCU). The Credit Union offers a wide variety of financial services including interest-earning checking and savings accounts, VISA cards, and loans. Regular Foundation employees may request direct deposit of all or part of their paycheck to their Credit Union by visiting a Credit Union office to open an account, and then submitting a completed Direct Deposit form the Foundation’s Payroll office (form provided online). For more information about the services available at the Credit Unions, employees should contact:
Long Beach School Employees Federal Credit Union
4341 East 10th Street
Long Beach, CA 90804
(800) 842-2776
OCTFCU
PO Box 11547
Santa Ana, CA 92711-1547
(800) 4OC-TFCU/ (714) 258-4000
The Foundation offers a flexible benefits plan through Flex Pensions. Pre-tax deductions up to $3,000 for Health expenses and $5,000 for Dependent Care expenses per year are available to employees after 6 months of employment and become effective on the first day of January after the employee enrolls (enrollment period is November 1 to November 30 of every calendar year). More information is available upon request. Please see summary Plan Description.
**New employees becomes eligible to enroll following 6 months of continuous employment within an eligible category.
Cafeteria Plan Health Care Expenses Claim Form 
Upon the first day of the month following two (2) years of service in an eligible category, employees may be enrolled in the Foundation 403(b) Defined Contribution Retirement Plan. Teachers Insurance Annuity Association / College Retirement Equities Fund (TIAA/CREF) administers the plan. The Foundation contributes amounts equaling 10% of an employee's gross earnings in a TIAA/CREF account to be invested as the employee allocates; employee contributions are voluntary. Employees are 100% vested upon initial participation in the Retirement Plan. There are different investment options that the employee will have to choose from and indicate upon enrollment; investment allocations can be amended after participation begins. The Foundation will notify employees when participation in the Retirement Plan is scheduled to begin.
**Employees of the Foundation who are classified for payroll purposes as Full-time Regular (FTR) or Part-time Regular (PTR) are eligible to enroll in the CSULB Foundation's 403(b) Defined Contribution Retirement Plan; however, employees who work fewer than 1,000 hours in a 12-month consecutive period are ineligible. Enrollment and participation begin the first of the month following the completion of two(2) years of service at the Foundation. Credit will be given on a year-for-year basis for each year of pension eligible service completed with The California State University System and/or its auxiliaries, provided there is less than a 12-month break in service between employment with The California State University System and/or its auxiliaries and employment with the Foundation.
All determinations with respect to crediting years of service under the CSULB Foundation 403(b) Defined Contribution Retirement Plan are made on the basis of the Foundation's records. The Official Plan Document defines eligibility and participation in the Retirement Plan and is on file with the Plan Administrator (the Foundation). All determinations of eligibility are final.
If the employee's employment with the Foundation terminates and the employee is subsequently re-employed by the Foundation and the employee has already satisfied the requirement for participation in the Retirement Plan, the employee will begin participating immediately upon re-employment.
Participation in the Retirement Plan will stop when the employee is no longer an eligible employee or the Retirement Plan is terminated, whichever occurs first.
