Pension Sense blog | December 30, 2020
Happy new year! If one of your resolutions is to get your financial house in order, make sure you discuss your defined benefit pension and 403(b)/457(b) savings accounts with your most trusted source – CalSTRS.
Occasionally you may receive unsolicited emails offering appointments to review retirement options and accounts. The emails come from third parties with no affiliation to CalSTRS, but may contain references to CalSTRS and your employer. Often, these emails are sent because your employer hired the vendor to administer its 403(b) and 457(b) plans. While the sender may be offering a legitimate financial service, these emails can be misleading.
Only CalSTRS employees can provide you with accurate information regarding your CalSTRS Defined Benefit and Pension2® accounts. We’ve developed a checklist to ensure the person you’re speaking with is a CalSTRS employee.
CalSTRS authorized representatives:
- Have an email address ending in @CalSTRS.com
- Can provide a CalSTRS ID badge or business card
- Will never meet at your home
- Do not sell insurance products
- Have access to your CalSTRS or Pension2 account information and don’t ask you to provide it
- Finally, if you’re attending a retirement planning meeting at school, CalSTRS does not provide refreshments at offsite events. Sorry!
Please note: Some Voya Financial representatives work exclusively with Pension2, and if you reach out to CalSTRS for information about Pension2 you may receive an email from one of these individuals.
Their names and photos are listed at CalSTRS.com/trust-CalSTRS.
Did you schedule an appointment or already meet with someone you think may not be a CalSTRS representative? To verify, contact us at 888-394-2060 or RepCheck@CalSTRS.com. Before making a decision about a supplementary savings account, try using 403bCompare.com.
Check often at our Benefits Planning webpage to take advantage of our educational offerings, and keep up the good work on those resolutions!