CalSTRS has conducted an assessment of AB 340, the California
Public Employees’ Pension Reform Act of 2013, and its impact on
CalSTRS members and operations and outlined key changes.
CalSTRS offers 403(b) plan administration services to public school districts and other education agencies through a contract with a third party administrator (TPA).
CalSTRS 403bComply features extensive resources and services to
help employers comply with comprehensive IRS
403(b) regulations that became effective January 1, 2009.
These regulations are complex and require much greater employer
involvement.
Compliance Services
Adopting CalSTRS 403bComply program provides the benefit of
trusted leadership and proven investment success for CalSTRS
members.
Your retirement benefit is based on a formula (Service Credit x
Age Factor x Final Compensation = Member-Only Benefit). How
confident are you in your understanding of how this formula
determines your Member-Only Benefit amount?
