A Shared Responsibility

Feb. 22, 2010 admin
in
Looking Forward with CalSTRS

Your CalSTRS Defined Benefit is one of your most important retirement assets. Creating a financial plan to support your goals after teaching, is a complex topic that requires thoughtful decisions and preparation. CalSTRS can assist you with benefits counseling and information, supplemental savings resources and planning tools.

How CalSTRS Serves You

The primary responsibility of CalSTRS is to provide retirement-related benefits and services to educators in public schools and community colleges.

CalSTRS offers you prompt and reliable services, and information.

Here’s What You Can Expect from Us:

  • An annual CalSTRS Retirement Progress Report
  • Convenient online services
  • Customer service by email, phone and letter
  • Benefits counselors
  • Benefits publications
  • Retirement planning and benefits workshops
  • Supplemental savings information and services like 403bCompare and the CalSTRS Pension 2® personal wealth plan

What’s Your Responsibility?

As a CalSTRS member, you carry certain responsibilities to prepare for your retirement:

  • Register for myCalSTRS
  • Manage your accounts and check your account balances.
    • Check your pay stub to review salary information and your CalSTRS deductions.
    • Review and retain your annual CalSTRS Retirement Progress Report.
  • Inform CalSTRS and your employer if your name or contact information changes.
    • Call, click or write to update CalSTRS of a name change or change in your contact information (i.e., your preferred phone, mailing address(es), email, etc.).
  • Name a beneficiary.
  • Learn about the value of your CalSTRS benefits.
  • Know the value of and the choices for supplemental savings, including 403(b) and 457 accounts, and Individual Retirement Accounts.
  • Develop retirement goals and a plan to get there.