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AB 551 (Rodriguez) – CalSTRS individual retirement accounts

Authorizes CalSTRS to offer a traditional (tax-deferred) Individual Retirement Account (IRA) in addition to a Roth IRA and accept rollovers from any eligible retirement plan to those IRAs. It also enables CalSTRS to receive contributions from IRA participants and allows spouses of those participants to contribute to a CalSTRS IRA plan.

  • Version: Amended 2/10/2021
  • Sponsor: CalSTRS
  • Location: Assembly Inactive File
  • Board Position: Sponsor

CalSTRS analysis:

As introduced 2/10/2021