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Employer Bulletin

Planning Your Retirement

Member Webinar

Have your employees come to you with questions about their CalPERS benefits and the CalPERS retirement process? If so, CalPERS invites them to attend this upcoming webinar on March 14, 2018.

This 90 minute "Planning Your Retirement" webinar will provide a brief overview to help your employees learn about their CalPERS benefits and the retirement process along with useful tools and resources.

Please forward this email to your employees so they can attend this informative webinar.

Date: March 14, 2018
Place: Online
Time: 11:00 - 12:30 p.m. (PT)
Registration: Free

To register for the webinar from our Education Center page, select Member Education and scroll down to Upcoming Events to select the webinar of your choice.


Lindsay Frazier, CFP® and Empower Retirement Plan Advisor, is hosting a PERS/STRS/PEPRA- Closing the Gap workshop at the North County Regional Education Center (NCREC) on Saturday, February 24th.  We are asking that you please forward the attached flyer to your employees for this event.





An updated IRS Publication 571, Tax-Sheltered Annuity Plans (403(b) Plans), was recently released.  In the publication, the IRS is announcing an increase to elective deferral limits from $18,000 to $18,500 for 2018.  The limit on annual additions has also increased for 2018 from $54,000 to $55,000.


Additional information about 403(b) changes for 2018 are detailed in IRS Publication 571 (link: ).


To set up a Tax-Sheltered Annuity Plan, please contact David Meade, Retirement Plan Advisor at (619) 541-5805 or


11/1/16- W-4. IRS regulations (Reg. 3103492(f)(2)-1(c)(3)) require Temecula Valley Unified School District to annually remind you to file a new form W-4 whenever there is a change in filing status, exemption allowances (number of dependents claimed), or a change in your exempt status. You are required to submit a new W-4 when there is a decrease in the number of allowances you are entitled to claim or if your exemption from withholding is no longer valid. You are able to file a new W-4 whenever you wish to increase your allowances. If you have any questions, please contact your payroll technician. Thank you.


1/1/2016- Earned Income Tax Credit Notice to Employees. “Based on your annual earnings, you may be eligible to receive the earned income tax credit from the federal government. The earned income tax credit is a refundable federal income tax credit for low-income working individuals and families. The earned income tax credit has no effect on certain welfare benefits. In most cases, earned income tax credit payments will not be used to determine eligibility for Medicaid, supplemental security income, food stamps, low-income housing or most temporary assistance for needy families payments. Even if you do not owe federal taxes, you must file a tax return to receive the earned income tax credit. Be sure to fill out the earned income tax credit form in the federal income tax return booklet. For information regarding your eligibility to receive the earned income tax credit, including information on how to obtain the IRS Notice 797 or any other necessary forms and instructions, contact the Internal Revenue Service at 1-800-829-3676 or through its Web site at”


Ongoing- Refund of CalSTRS Contributions (DB vs. DBS). There are currently two different contribution rates for CalSTRS Defined Benefit (DB) vs. the Defined Benefit Supplement (DBS) programs.  This has resulted in CalSTRS issuing refunds. If you are due a refund, CalSTRS will notify you by mail. For active certificated employees, this refund will automatically be posted on your regular paycheck.  For former certificated employees who are no longer employed by the district, and whose refund amount exceeds $5.00, the district will automatically issue and mail a commercial warrant to their last address on file. Commercial warrants below $5.00 will require a refund request form be submitted in order to verify address information prior to the district incurring the expense of the transaction.  If you are due a commercial warrant for a refund below $5.00, you may click here or go to "Payroll forms" for more information and to access the refund request form.


Ongoing- Increased CalSTRS and CalPERS Contribution Rates. Contribution Rates are set to increase gradually over the next several years. This will be an extra expense to both the District and its employees. Please see the chart below for a list of rates for the District and each employee group.