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Cash Balance Benefit Program Election CB 533 REV 04/23California State Teachers Retirement System P.O. Box 15275, MS17 Sacramento, CA 958510275 8002285453 Casts. Coverage ELECTION FOR A CASH BALANCE
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How to fill out calstrs cash balance election

01
Log in to your CalSTRS online account
02
Go to the 'My Accounts' tab
03
Select the option for 'Cash Balance Election'
04
Choose your desired cash balance election option
05
Review the terms and conditions
06
Confirm your selection
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Save or print a copy of the confirmation for your records

Who needs calstrs cash balance election?

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CalSTRS members who are eligible for the cash balance election benefit
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CalSTRS cash balance election is a choice made by members of the California State Teachers' Retirement System to have a portion of their retirement benefits credited to a cash balance account.
All members of CalSTRS are required to file a cash balance election.
Members can fill out the cash balance election form provided by CalSTRS and submit it according to the instructions on the form.
The purpose of the cash balance election is to provide members with flexibility in how their retirement benefits are credited and distributed.
Members must report their choice of contribution rate, beneficiary designation, and any additional information requested by CalSTRS.
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