What is the CalSTRS 403bComply Plan?
The 403(b) Plan and is a tax-deferred supplemental retirement plan sponsored by your District. CalSTRS has implemented 403(b) plan administrative services through a competitive proposal process. These services are available to any California public school district or other education agency through an interlocal agreement. The District’s Plan is authorized by the Internal Revenue Code (IRC) Section 403(b) and is subject to specific Internal Revenue Service regulations and other requirements. The Plan allows employees to voluntarily contribute a portion of their compensation on a pre-tax basis. The amount invested plus earnings is not taxable until withdrawn from the Plan.
