529

Scope:

The Board of Trustees of the San Francisco Community College District, San Francisco, California makes available to its employees the provisions of the United States Internal Revenue Code Section 529.  CCSF non-student employees are offered via direct deposit the opportunity to participate in the Golden State Scholar-Share College Savings Trust.

Provider and Enrollment:

The State of California offers a tax deferred college savings program. The program is called Golden State Scholar-Share College Savings Trust.  The plan is administered by TIAA-CREF Tuition Financing Inc. (TFI).  Employees at CCSF can participate in the State of California sponsored program by:

    • Accessing the Golden State Scholar-Share College Savings Trust web site
    • Reading the disclosure information
    • Decide the manner in which to contribute
    • Complete the direct deposit form on the web site
    • Return the direct deposit form and signed Participation agreement to:

Golden State Scholar-Share College Savings Trust

PO Box 997400

Sacramento, CA 95899-9975

The maximum allowable contribution to Section 529 plans is described in IRS Publication 970, - Tax Benefits for Education.  CCSF does not monitor the amount a participant is contributing to the State of California sponsored 529 program.  It is the participant’s responsibility to ensure that yearly contributions do not exceed IRS contribution limits.

Administrator of the Golden State Scholar-Share Trust: www.tiaa-cref.org/college/index.html

www.tiaa-cref.org/college/index.html

TIAA-Cref

P.O. Box 1259

Charlotte, NC 28201

Web Access Code CAA785

800/842-2888

800/914-8922 (Fax)


Updated 11/19/09