CalSTRS Pension2 - Personal Wealth Plan
Product ID: 61
Enrollment and Questions
P.O. Box 389
Hartford, CT 06141
View the Contact Information tab on the Vendor Details page for a list of office locations.
The CalSTRS Defined Benefit will replace, on average, about 50-60% of a member’s current salary. Need more for retirement? CalSTRS Pension2 is CalSTRS’ voluntary defined contribution plan created to complement the defined benefit pension. Pension2 allows for both certificated and classified employees to set aside extra savings in low-cost and flexible 403(b), Roth 403(b), and 457(b) plans. If participants don’t want to make complicated investment allocation and readjustment decisions on their own, they can utilize ongoing CalSTRS professional investment management by choosing one of our CalSTRS Pension2 Easy Choice Portfolios at no additional charge. Pension2 participants never pay commissions and our investment options are free of front-end and back-end load fees.
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All 403(b) products contain fees. The amount of fees varies greatly depending on the product. A slight increase in fees can
substantially reduce the growth in your account which will reduce your income in retirement. To learn more about the impact
of fees, and the different types of fees please refer to the
Explanation of Fees piece located in the
Help & Resources.
||0.25%||Annually||Percentage of Annual Assets||Yes||No||No|
||5.50%||Annually||Percent of Outstanding Loan Balance||No||Yes||No|
||$50.00||At the time of loan origination||Flat Dollar Amount||No||No||Yes|
||0.60%||Annually||Percentage of Annual Assets||No||No||No|
||$50.00||Annually||Flat Dollar Amount||No||No||Yes|