403(b) / 457(b) Voluntary Retirement


    Invest in Your Future Today

    As a public school employee and a CalSTRS or CalPERS member, you’re eligible for lifetime retirement benefits based on your service credit, your final compensation and your age at retirement.

    If you’re like most school employees, however, your retirement benefit won’t be enough. The median CalSTRS retirement benefit replaces about 50-60 percent of a member’s salary, while the average CalPERS retirement benefit replaces about 44 percent of an employee’s salary. According to financial advisers, you’ll need 80-901 percent of your monthly income to maintain your standard of living in retirement.

    A 403(b) or 457(b) account can help you close any gap between your retirement income goal and retirement benefits.


    What Is a 403(B) Account?

    A 403(b) account is a tax-advantaged retirement savings plan offered by your school district. You make contributions to your account directly from your paycheck.

    Tax Advantages: When you contribute to your 403(b) account from your paycheck, you defer taxes on the money you invest each month – and you reduce your monthly taxable income. All your earnings and contributions grow tax-deferred. You won’t pay taxes until you withdraw your money in retirement. An added advantage: A monthly contribution of $50 to your tax-deferred account may reduce your paycheck by only $32, depending on your tax bracket.

    With a Roth 403(b) account, you invest after-tax dollars, so your contributions and earnings are tax-free at retirement when you start withdrawing funds.

    Power of time and money: By compounding, you earn interest on your total balance – your original contribution, your additional contributions, plus all the interest earned.


    How to enroll in 403(b)

     Go to CalSTRS403bComply.com or call toll free at 800-943-9179.

    1. Find your employer’s plan.
    2. Select your 403(b) vendor from the list of vendors.
    3. Make sure you have opened an account with the vendor before proceeding to the next step.
    4. Determine how much you want to invest each month.
    5. Login and follow the instructions to set your payroll deduction.


    What is a 457(b) account?

    A 457(b) is a tax-advantaged retirement savings plan offered by your school district. You make contributions to your account directly from your paycheck.

    Contributions to your 457(b) are deducted from your paycheck and may be taxed in one of two ways:

    With a traditional 457(b), your contributions are taken out of your paycheck before taxes, lowering your overall tax bill today. When you take out money in retirement, you pay income taxes on the withdrawals.

    With a Roth 457(b), you fund your account with money that’s already been taxed in exchange for tax-free withdrawals in retirement. This includes any earnings your money makes while it’s in your 457(b).


    How to enroll in 457(b)

    457(b) Enrollment Instructions



    Maximum Annual Contributions 2022 Calendar Year

    457 & 403 (b) Program

    Under Age 50

    Age 50+




    Visit the CalSTRS 403b Comply website at calstrs403bcomply.com or call them toll free at 1-800-943-9179.


    For Plan Administrator signatures, please contact TCG at 1-800-943-9179 or email 403b@CalSTR403bComply.com.


    Web Resources:

    www.403bcompare.com - research all authorized vendors and allowable investment products for California.