Take Control of Your Retirement Savings Path
Enroll now in your 403(b) plan to supplement your CalSTRS benefit
Let’s Get Started!
It’s easy to start
Take control of your savings
Be better prepared for your future
Your CalSTRS retirement benefit is designed to provide you about 2% of your compensation for each year you work in the California Teachers system.
That means if you work 20 to 25 years, you may be eligible to receive 40 to 50% or more of your pay in retirement. That’s a nice start. But for most of us, it’s not enough to enjoy a comfortable and secure retirement.
Your workplace 403(b) retirement plan presents an excellent opportunity to take control of your retirement savings path and contribute more.
Did You Know…
The rate at which you accrue retirement benefits in CalSTRS is based on when you were hired into the CA Teachers system.
You do not accrue Social Security benefits for the years you work as a school system employee.
The Social Security benefit you might expect from having paid Social Security taxes at other jobs will be reduced because of your CalSTRS pension benefit.
CalSTRS may provide a 40 to 60% income replacement at retirement. Your Social Security benefit — if you have one — is unlikely to make up the retirment income gap at get you to 100% income replacement.
Ready to enroll?
