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.

All labels observed (2)

How this entity was disambiguated

Statements (44)

Predicate Object
instanceOf defined benefit supplement account ⓘ
retirement savings program ⓘ
supplemental pension program ⓘ
administeredBy California State Teachers’ Retirement System ⓘ
linked to: CalSTRS
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 ⓘ
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 ⓘ
linked to: CalSTRS
isNot defined contribution 401(k) plan ⓘ
traditional 403(b) plan ⓘ
isSeparateFrom CalSTRS Defined Benefit Program account ⓘ
linked to: CalSTRS
offers death benefits to beneficiaries ⓘ
operatesInJurisdiction State of California ⓘ
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 ⓘ
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 ⓘ
targetPopulation community college educators who are CalSTRS members ⓘ
preK–12 public school educators in California ⓘ
taxTreatment tax-deferred growth of contributions and earnings ⓘ

How these facts were elicited

Referenced by (2)

Full triples — surface form annotated when it differs from this entity's canonical label.

CalSTRS Defined Benefit Supplement Program → supplements → CalSTRS Defined Benefit Program ⓘ
linked to: CalSTRS Defined Benefit Supplement Program