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 Pension2 is CalSTRS voluntary defined contribution plan. Pension2 offers the opportunity to invest through tax advantaged payroll deductions in low cost, flexible 403(b), Roth 403(b) and 457(b) plans for additional retirement savings.
CalSTRS Pension2:
Complements your CalSTRS retirement benefit.
Features low fees and expenses, so more of your money works for you.
Offers tax-advantaged contributions and a variety of investment plans.
Provides objective advice and planning services at no additional cost.
In partnership with TIAA-CREF, a national financial services
organization and the leading provider of retirement services for
professionals in the academic field, Pension2 offers Easy Choice
Portfolios or the option to “build your own” portfolio.
Already have money invested in another 403(b) or 457 account
administered by another company and don’t like the higher fees
and expenses you’re paying? Check out Pension2’s low fees and
expenses. Even 1 percent can make a big difference in your bottom
line over time. Consider rolling over your accounts to Pension2.
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?
