CalSTRS Defined Benefit Supplement Program
E669316
The CalSTRS Defined Benefit Supplement Program is a supplemental retirement savings component for California public school educators that provides additional, account-based benefits on top of their core CalSTRS pension.
Statements (44)
| Predicate | Object |
|---|---|
| instanceOf |
defined benefit supplement account
ⓘ
retirement savings program ⓘ supplemental pension program ⓘ |
| administeredBy | California State Teachers’ Retirement System NERFINISHED ⓘ |
| appliesTo |
certain limited-term or extra-duty assignments
ⓘ
compensation for service in excess of one year of service credit ⓘ |
| benefitBasis | accumulated contributions and interest ⓘ |
| benefitFormula | account balance converted to payment option at distribution ⓘ |
| benefitTrigger |
death of member
ⓘ
retirement ⓘ termination of CalSTRS-covered employment ⓘ |
| benefitType |
account-based benefit
ⓘ
supplemental retirement savings ⓘ |
| communicationChannel |
CalSTRS member statements
NERFINISHED
ⓘ
CalSTRS website ⓘ |
| componentOf | CalSTRS retirement benefit structure ⓘ |
| contributionCreditedTo | individual member accounts ⓘ |
| contributionType | mandatory contributions on eligible earnings ⓘ |
| eligibilityLinkedTo | CalSTRS membership ⓘ |
| fundingSource |
employer contributions
ⓘ
investment earnings ⓘ member contributions ⓘ |
| governedBy | CalSTRS Teachers’ Retirement Board policies ⓘ |
| investmentManagementBy | CalSTRS Investment Office NERFINISHED ⓘ |
| isNot |
defined contribution 401(k) plan
ⓘ
traditional 403(b) plan ⓘ |
| isSeparateFrom | CalSTRS Defined Benefit Program account NERFINISHED ⓘ |
| offers | death benefits to beneficiaries ⓘ |
| operatesInJurisdiction | State of California NERFINISHED ⓘ |
| payoutOptionsInclude |
lifetime annuity
ⓘ
lump-sum distribution ⓘ period-certain annuity ⓘ |
| pays |
lump-sum benefits at retirement
ⓘ
periodic annuity benefits at retirement ⓘ |
| primaryGoal | enhance retirement income for educators ⓘ |
| regulatedBy | California Education Code NERFINISHED ⓘ |
| riskAllocation | investment risk shared collectively within the program ⓘ |
| serves |
CalSTRS members
ⓘ
California public school educators ⓘ |
| subjectTo | Internal Revenue Code limits on qualified plans ⓘ |
| supplements | CalSTRS Defined Benefit Program NERFINISHED ⓘ |
| targetPopulation |
community college educators who are CalSTRS members
ⓘ
preK–12 public school educators in California ⓘ |
| taxTreatment | tax-deferred growth of contributions and earnings ⓘ |
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.
California State Teachers’ Retirement System Teachers’ Retirement Board
→
governingBodyOf
→
CalSTRS Defined Benefit Supplement Program
ⓘ