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 Scholar Share, California's 529 College Savings Plan.

Provider and Enrollment:

The State of California offers a tax deferred college savings program. The program is called Scholar Share, California's 529 College Savings Plan.  The plan is administered by TIAA.  Employees at CCSF can participate in the State of California sponsored program by: 

    • Accessing the Scholar Share, California's 529 College Savings Plan 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:

STANDARD DELIVERY
Scholar Share College Savings Plan
P.O.Box 55205
Boston, MA 02205-5205
Phone: 1-800-544-5248

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 Scholar Share, California's 529 College Savings Plan: TIAA

Updated 7/26/16