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 PE&R Committee
- Board Position: Sponsor
For an accessible version of any CalSTRS analysis on this page, contact ADACoordinator@CalSTRS.com.