Here are some of the key facts and features of Pension2.

Your district/employer must adopt a plan for you to be able to participate in it. Once adopted, all employees are eligible to participate in their school district’s 403(b) and/or 457(b) plans and may contribute on a pre-tax basis—or on an after-tax basis to a Roth Roth 403(b) and/or 457(b), if offered—to those plans through Pension2, subject to IRS annual contribution limits.

To enroll today in either the 403(b) or 457(b), click here and follow the step-by-step instructions.

Note: If you are not a CalSTRS member or are not able to access the enrollment website, please call toll free 888‑394‑2060.

Once you’ve received your confirmation statement of your enrollment, you will need to fill out the Salary Reduction Agreement for your district/employer to begin contributions. Your district’s Salary Reduction Agreement is available online at 403bCompare.com (select My Employer) or from the payroll office of your district/employer. After you complete the Salary Reduction Agreement, return it to your district/employer.

You can change your contribution rate and/or investment options at any time. If you have questions or need assistance, including assistance in getting enrolled, call the toll-free information line and speak to a Pension2 service representative.

Important Security Notice:
Once enrolled and accessing your account for the first time through the Plan Website, you’ll be asked to change your password and set security questions in case you forget your password in the future. You can also establish a username. Give some thought to helping the environment and select to receive statements and confirmations online—it’s also more secure than regular mail.

Contribution is the term used for the money you put into Pension2. Your contribution amount is the dollar amount that you designate on the salary reduction agreement which is then deducted automatically each payroll period and deposited to your Pension2 account.

Pension2 allows you to defer any amount, subject to annual limits, from your paycheck on a pre-tax basis—or on an after-tax basis to a Roth 403(b) and/or 457(b), if offered—to those plans through Pension2, subject to IRS annual contribution limits. Please refer to www.voya.com/IRSlimits for current limitations.

They’re called catch-up contributions for a reason. They’re designed to help you get caught up on your savings as you get older. If you’ll be 50 or older by the close of the current calendar year, you can make catch-up contributions on top of your regular 403(b), Roth 403(b), 457(b) or Roth 457(b) contributions. This option is not available if you are using the special catch-up option. While catch-up contributions can be made at any time, they are not classified as catch-up until you have reached the annual contribution limit. Please refer to www.voya.com/IRSlimits for current limitations.

Note: With the 457(b) plan, if you are eligible for both catch-ups in the same tax year, IRS rules provide that you may not use both catch-ups in the same year. The IRS rules permit you to contribute under the catch-up with the greater contribution.

If you have at least 15 years of service with your current school district, you may be able to elect a special catch-up deferral of up to an additional $3,000 per year up to a lifetime limit of $15,000.

Vesting is a term for ownership of your account balance.

You're always 100 percent vested in your contributions and related earnings.

Who wants to keep track of their savings from a lot of different accounts? Consider consolidating to Pension2.

403(b)
If permitted by Pension2, rollovers/exchanges/transfers are accepted from pre-tax amounts under another 403(b) plan, 401(a)/(k) plan, governmental 457(b) plan or traditional IRA.

457(b)
If permitted by Pension2, rollovers/exchanges/transfers are accepted from pre-tax amounts under another 403(b) plan, 401(a)/(k) plan, governmental 457(b) plan or traditional IRA.

Roth 403(b)
If permitted by Pension2 and your district/employer offers a Roth 403(b), rollovers/exchanges/transfers are accepted from Roth 403(b), Roth 401(k) or governmental Roth 457(b) plans.

Roth 457(b)
If permitted by Pension2 and your district/employer offers a Roth 457(b), rollovers/exchanges/transfers are accepted from Roth 403(b), Roth 401(k) or governmental Roth 457(b) plans.

Pension2 offers plenty of flexibility when it comes to selecting your fund elections as well as making changes when you want to. At any time, on any day, you can:

• Choose different funds for your contributions versus your existing balance
• Transfer balances from fund to fund
• Reallocate your entire portfolio to different fund options

Certain fund options may have transfer and/or timing restrictions. For a list of the Pension2 investment options, refer to the "What Kind of Investor Are You?" tab or go online to Investments at Pension2.com.

Permitted up to the Internal Revenue Code limits if allowed under Pension2.

Account transactions made weekdays by 1:00 p.m. Pacific Time will be processed that evening; transactions made on weekends or after 1:00 p.m. Pacific Time will be processed the next business day (in the case of a New York Stock Exchange holiday, transactions are processed the following business day).

Fees are charged for three services:

• Plan administration fees – The annual plan administration fee, charged quarterly to all participants, is 0.25% (0.0625% per quarter). This fee appears as a line item on your quarterly account statement.
• Investment management fees – The fees for the investment management of each investment offering are charged by the investment management company and are based on the amount of money you have invested in each investment. Please visit Pension2.com for the current investment management fee associated with each investment option.
• District-contracted third-party administrator fee for the 403(b) plan – School districts that offer 403(b) and/or 457(b) plans often contract with a third-party administrator to provide certain plan administration services. If there is a charge for these services that are applied to participant accounts under the plan, the TPA charges will appear on quarterly statements as a separate line item.

You have access to statements online at any time, including the ability to generate a statement based on the timeframe you select—even the last 24 hours! Quarterly statements are issued approximately 15 days after each calendar quarter’s close—they will be mailed to you or accessed through your online mailbox. You can choose to stop paper statements, as well as other correspondence, and have the information sent to your account’s online mailbox accessible through Pension2.com. This feature not only helps the environment and ends paper clutter, but it’s also more secure.

Don’t worry—you have a few options on how to reset it.

If you need a temporary password and have an email address on file with Voya and your security questions have been answered, you have the ability to have a temporary password sent to your email address on file. From the Pension2.com login page, simply click Forgot Password and follow the instructions.

Call the toll-free information line at 844-electP2 (844-353-2872) to request that a password reminder be mailed to your home address.