10-08-2025, 08:18 AM
Employees who currently contribute to the PST Program must submit address and name changes to their HR Office via the Employee Action Request (EAR) form.
Employees who retire, separate or stop contributing to the PST Program may update their address online, by fax, phone, or mail. Employees should provide their full name, Social Security number, daytime phone number (including area code), and your former and new address.
For name changes, the employee must provide a copy of the marriage license, dissolution or court document authorizing the name change.
Beneficiary Designation
Employees designate beneficiaries for their PST account online at SavingsPlusNow.com. If the employee doesn't have a beneficiary whatsapp number list designation on file at the time of death, Savings Plus will distribute the employee's PST death benefits in the following order:
Surviving spouse or registered domestic partner (whether or not the employee was still living together with the spouse/partner at the time of his/her death); or, if none.
![[Image: whatsapp-number-list-6.png]](https://i.postimg.cc/3RxhhG3c/whatsapp-number-list-6.png)
Natural and adopted children, including a natural child adopted by another, share and share alike; or, if none,
Payment/Distribution Options
After they retire or separate from all State employment employees may request a distribution online at SavingsPlusNow.com.
For more information call a customer service representative at ---SPN (), : a.m. to : p.m. (Pacific Time), Monday through Friday. Use the queue word "Representative" to speak directly with a customer service representative.
Savings Plus issues PST distributions no sooner than days after the last PST Program contribution posts into or out of the employees account and their eligibility has been verified. All payments are issued via direct deposit to one financial institution. There is no charge for this service.
Savings Plus mails the employee's -R by January of the following year for tax reporting purposes. The -R applies to both Direct Payment and Direct Rollover (non-taxable event) to Another Entity payment options.
Employees may request a Direct Payment to receive their entire account balance. Savings Plus reports Direct Payments to the IRS as ordinary income. A mandatory % is withheld from the payment for federal income taxes on amounts of $ or more. Additionally, California residents are subject to State income tax withholding at the rate that applies to married with three allowances unless the employee requests otherwise by completing a California State Withholding Certificate for Pension or Annuity Payments (DE-P).
Employees may request a Direct Rollover to
Another Entity to roll over funds from their PST Program account to an Individual Retirement Account (IRA), (k) Plan, or (b) Tax Sheltered Annuity as long as the entity sponsoring the plan accepts funds. To request a Direct Rollover to Another Entity the employee must attach a certification from the receiving entity to the PST Benefit Payment Application.
If the employee is age ½ or older and elects to rollover funds, Savings Plus will process the Required Minimum Distribution (RMD) and issue payment directly to the employee before transferring funds to the new provider. Refer to the Summary (f), which is enclosed in the PST Benefit Payment Booklet for information regarding RMDs.
Employees who retire, separate or stop contributing to the PST Program may update their address online, by fax, phone, or mail. Employees should provide their full name, Social Security number, daytime phone number (including area code), and your former and new address.
For name changes, the employee must provide a copy of the marriage license, dissolution or court document authorizing the name change.
Beneficiary Designation
Employees designate beneficiaries for their PST account online at SavingsPlusNow.com. If the employee doesn't have a beneficiary whatsapp number list designation on file at the time of death, Savings Plus will distribute the employee's PST death benefits in the following order:
Surviving spouse or registered domestic partner (whether or not the employee was still living together with the spouse/partner at the time of his/her death); or, if none.
Natural and adopted children, including a natural child adopted by another, share and share alike; or, if none,
Payment/Distribution Options
After they retire or separate from all State employment employees may request a distribution online at SavingsPlusNow.com.
For more information call a customer service representative at ---SPN (), : a.m. to : p.m. (Pacific Time), Monday through Friday. Use the queue word "Representative" to speak directly with a customer service representative.
Savings Plus issues PST distributions no sooner than days after the last PST Program contribution posts into or out of the employees account and their eligibility has been verified. All payments are issued via direct deposit to one financial institution. There is no charge for this service.
Savings Plus mails the employee's -R by January of the following year for tax reporting purposes. The -R applies to both Direct Payment and Direct Rollover (non-taxable event) to Another Entity payment options.
Employees may request a Direct Payment to receive their entire account balance. Savings Plus reports Direct Payments to the IRS as ordinary income. A mandatory % is withheld from the payment for federal income taxes on amounts of $ or more. Additionally, California residents are subject to State income tax withholding at the rate that applies to married with three allowances unless the employee requests otherwise by completing a California State Withholding Certificate for Pension or Annuity Payments (DE-P).
Employees may request a Direct Rollover to
Another Entity to roll over funds from their PST Program account to an Individual Retirement Account (IRA), (k) Plan, or (b) Tax Sheltered Annuity as long as the entity sponsoring the plan accepts funds. To request a Direct Rollover to Another Entity the employee must attach a certification from the receiving entity to the PST Benefit Payment Application.
If the employee is age ½ or older and elects to rollover funds, Savings Plus will process the Required Minimum Distribution (RMD) and issue payment directly to the employee before transferring funds to the new provider. Refer to the Summary (f), which is enclosed in the PST Benefit Payment Booklet for information regarding RMDs.