AB 551 (Rodriguez) – CalSTRS individual retirement accounts

Assembly Bill

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

For an accessible version of any CalSTRS analysis on this page, contact ADACoordinator@CalSTRS.com.