South State Retirement Plan Services


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The Savings Plus Program offers 401 and 457 Plans available to most State of California employees, including employees of the Legislature, Judicial, and California State University system, and Part-time, Seasonal, and Temporary Employees Retirement Program.

Retirement Specialists provide information for educational purposes only. This information is not meant to be used as investment advice. Retirement Specialists are Registered Representatives of Nationwide Investment Services Corporation, member FINRA, Columbus, Ohio.

Important Legal Disclosures And Information

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Welcome Tochsp Financial Services

CHSP Financial Services is a leading brokerage located in Richmond Hill Ontario and is active in Greater Toronto Area providing all insurance product including life insurance, living benefits, registered products as well as segregated fund product.

  • Registered Retirement Saving Plan
  • Registered Educational Saving Plan
  • Tax-Free Saving Account

Don’t Miss: Do You Lose Your Retirement If You Get Fired

Class Two Members: Membership Effective Prior To July 1 2012

  • You can retire and receive an unreduced monthly retirement benefit after 28 years of service or at age 65 or older.
  • You can retire early, at age 60, or at age 55 with 25 years of service, and receive a reduced monthly retirement benefit.
  • You must have at least five years of earned service to receive a benefit.

Learn Why Others Work With Adp

How Well

The Maryland Association of CPAs discuss their experience with ADP Retirement Services and why they chose ADP as their retirement plan provider.

Tom Hood, Exec. VP Business Growth & DevelopmentAICPA

*The views expressed herein are the speaker’s own. Not all clients will experience the same results. ADP has not compensated any clients for the included testimonials.

  • 17th Annual U.S. Employee Benefit Trends Study MetLife, October 2018.
  • ADP, Inc. and its affiliates do not endorse or recommend specific investment companies or products, financial advisors or service providers or engage or compensate any financial advisors for the provision of advice to plans or participants. In assembling and presenting its investment platforms, ADP is not undertaking to provide impartial investment advice or to give advice in a fiduciary capacity.
  • Please consult your tax advisor to determine if you are eligible for this federal tax credit.
  • The State of Employee Retirement readiness – Retirement Insights, LLC, January 2019.
  • 17th Annual U.S. Employee Benefit Trends Study – MetLife, October 2018.
  • Read Also: Maine Public Employees Retirement System

    Retirement Plan Website Updates Are Complete

    We have updated the website to improve your experience and provide additional resources to help you meet your savings goals.

    To gain full access to your account, Continue Here. Upon initial login, you will be required to establish a new user id and password.

    For access to historical records and reporting before 1/11/2021, login to the legacy site Here. You may use the username and password that was in effect as of 1/10/2021.

    Note: The legacy site will be available until February 9, 2021. After this time, all logins will redirect to the updated website.

    To learn more about our firm, or .

    SouthState Advisory, a wholly owned subsidiary of SouthState Bank, N.A. also does business under the name SouthState Retirement Plan Services. Investments offered are not deposits of this institution and therefore are not insured or guaranteed by the FDIC or any government agency. We do not provide, and you should not construe this material as legal, tax or accounting advice. Nor should you construe this material as individual investment advice, because such advice is dependent on your specific investment objectives, financial situation, or particular needs The content of the SouthState Retirement Plan Services website is not directed toward or intended for individuals outside of the U.S. for additional regulatory disclosures. PRIVACY POLICY

    Get Your Employees Engaged Informed And Ready For Life’s Financial Challenges

    About 50 percent of employees save less than $5,000 per year for their retirement.4 When employees understand their retirement plan benefits, theyre more likely to enroll and use those benefits to their full potential.

    Get your employees on the right path to retirement with helpful tools and resources, including:

    • An award-winning employee education program and a team of retirement counselors to help your employees get ready for retirement
    • A Financial Wellness website6 to help employees plan for lifes financial challenges
    • A Retirement Readiness Score7, which helps your employees understand where they are in saving for retirement
    • A targeted mobile-phone messenger that provides important retirement information to employees, and helps them develop better retirement savings habits

    With 2 in 3 employees claiming their benefits package helps reduce financial stress5, our award winning participant materials, and retirement calculators and tools will be appreciated.

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    The Main Sources Of Retirement Income Are:

  • Employment-based pension plans These plans are usually established by employers or through collective bargaining and include registered pension plans and other types of retirement savings plans, such as group Registered Retirement Savings Plans and Deferred Profit Sharing Plans . Savings in Life Income Funds , Locked-in Retirement Income Funds and Locked-in Retirement Accounts all come from registered pension plans and the funds paid out from them must follow the regulations in the governing pension legislation. There are also unregistered supplemental pension plans that provide benefits above the income tax allowance for high-income pension plan members.
  • Fsco’s Responsibilities Relating To Pension Plans Include:

    Get Set for Retirement: Service retirement and benefit calculation
    • Administering the and collecting PBGF assessments.
    • Monitoring pension plans and pension funds to ensure they are being administered, invested and funded in compliance with legislated requirements.
    • Registering new pension plans and pension plan amendments.
    • Processing required filings and applications from plan administrators.
    • Regulating certain multi-jurisdictional pension plans .

    FSCO works with national and international pension regulators and associations to conduct research and share information and data.

    FSCO is a member of the Canadian Association of Pension Supervisory Authorities a national inter-jurisdictional association of pension regulators that develops practical solutions to help coordinate and harmonize the work of pension regulators across Canada.

    As a member of CAPSA, FSCO is able to participate in other regulatory forums, such as:

    Read Also: Empower Retirement 401k Loan Repayment

    How Fsco Regulates Pension Plans

    The Financial Services Commission of Ontario is responsible for the administration and enforcement of the Ontario Pension Benefits Act and its supporting regulations. The PBA sets minimum legal standards for registered pension plans in Ontario.

    Generally, members of registered pension plans who work in Ontario are covered by the PBA and regulations, unless they work in federally regulated industries such as banking, telecommunications, or airline transportation. Pension plans in those industries are covered by federal law and regulated by the Office of the Superintendent of Financial Institutions.

    Planning For Your Future

    PEBAs retirement awareness series, , provides you with information that can help you make smart decisions about your financial future. Regardless of how we define retirement awareness, PEBA believes its important to plan for a secure financial future and think about what life will be like after you quit working. We encourage you to use these resources and act now to help secure your financial future.

    Recommended Reading: What Is Tax Rate On 401k At Retirement

    Class Three Members: Membership Effective On Or After July 1 2012

    • You can retire and receive an unreduced monthly retirement benefit once your age and years of service total 90, or at age 65 or older.
    • For example, if you begin covered service at age 22 and work continuously for a covered employer, you would be eligible for service retirement once you reach 56 years of age and have 34 years of service credit.
    • You can retire early at age 60 and receive a reduced monthly retirement benefit.
    • You must have at least eight years of earned service to receive a benefit.

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