Your Choices if Your Balance is $3,500 or More: 2. Website: Visit Website. CalSTRS Pension2 Plan Administration. 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. Pension2®, the CalSTRS voluntary supplemental savings program, offers 403(b) and 457(b) plans designed to complement your retirement benefit and support your goal for a secure future. The CalSTRS defined benefit pension becomes more valuable than an idealized 401(k) at age 51 for vested teachers hired before age 35, and earlier for those hired at older ages. How to consolidate other retirement accounts like IRA, 401(k), 403(b) and 457's into a Pension2 account. The funds are continuously monitored to ensure that they meet the performance standards of CalSTRS and any fund that does not will be placed on the investment watch list. See why it pays to start a 403(b) or 457(b) account sooner Register now 02/20 : View/Print: COM-1667: Understanding the Formula Fact Sheet Rev. Who is Voya Financial. 02/20: View/Print: COM-1679: Working After Retirement - Know the Rules Rev. about CalSTRS Pension2®, the supplemental investment Pension2 is a CalSTRS voluntary supplemental savings plan designed to support your goals for a more comfortable and rewarding financial future. CalSTRS Pension2 – Enrollment - CalSTRS.com What are the different ways to enroll in Pension2 and what are the investment options that are available in the program? I have been working at CalSTRS full-time for more than 3 years Pros Onsite Gym, full service cafe, Leed Energy Building, clean and newer building, Training Programs, good place for walk breaks, friendly people, great recognition program, 2nd building expansion soon and will include a daycare with another gym and cafe, cheaper onsite parking than most agencies, bike rentals program. Check out our “Why Wait” and “What If” calculators and see what a difference a few years can make. 08/19: View/Print: COM-1519: Member Handbook 2020 Rev. Your CalSTRS retirement benefit will replace, on average, about 54 percent of your current salary. myCalSTRS is your online resource to access and manage your personal information on file with CalSTRS.Log in now to: Access your Retirement Progress Report. *Estimate based on CalSTRS 2% at 60 benefit structure. Identify smart way to save more for your future. The Voya Fixed Plus III Account is available through a group annuity or other type of contract issued by Voya Retirement Insurance and Annuity Company (“VRIAC”). later be removed from the watch list or removed/replaced from our Hartford, CT 06141. Triennial Employer Health Benefits Survey, Actuarial, Financial and Investor Information, Responsible Contractor Bidding Opportunities, Diversity in the Management of Investments, Strategic, Business, Workforce & Succession Plans, Access the CalSTRS Secure Employer Website, CalSTRS Connections: Reaching Your Retirement, Other Pension and Postemployment Benefits Information, Replication and Peer Review of the Actuarial Valuation Reports, 2020 CalSTRS Demographic Actuarial Assumptions, Are California Teachers Better off with a Pension or a 401(k), Your savings calculator: The power of time and money, Enrollment Form With Salary Reduction Agreement (Approved School Districts), Unforeseen Emergency Withdrawal Application, Fremont Unified Salary Deferral Agreement, Contract Exchange and Plan Transfer Withdrawal Request, © 2021 California State Teachers’ Retirement System. The monthly amount you receive is based on the number of years over which the annuity is paid—the lower th e number investing decisions. See why it pays to start a 403(b) or 457(b) account sooner rather than later. Determine the gap between your CalSTRS benefit and your Features low fees and expenses, so more of your money works for you. Enrollment and Questions. rather than later. are continuously monitored to ensure that they meet the be placed on the investment watch list. Enter username and password to access your secure Voya Financial account for retirement, insurance and investments. How much of your retirement income will come from your CalSTRS monthly benefit. If you need assistance with your login, please contact your Employer Administrator first. Need more for retirement? Box 389. 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