CalSTRS

CalSTRS Pension2 is a voluntary defined contribution plan offered by the California State Teachers' Retirement System (CalSTRS), aimed at enhancing retirement savings for educators. The Pension2 program allows members to invest through tax-advantaged payroll deductions while benefiting from low-cost, flexible options such as 403(b), Roth 403(b), and 457(b) plans. This initiative is designed to complement the existing CalSTRS retirement benefits, ensuring that educators can achieve their personal wealth goals with ease.

With a focus on keeping fees low and maximizing investment efficiency, Pension2 offers a variety of investment options that are carefully monitored by the CalSTRS Pension2 Advisory Committee. Members also receive complimentary, objective financial advice and planning services. To support users, Pension2 provides informative webinars, a savings calculator to simulate potential growth, and online account management tools, making it a comprehensive resource for retirement planning geared specifically toward educators.