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California State Teachers Retirement System Direct Deposit Form

California State Teachers Retirement System Direct Deposit Form

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hey everyone welcome to episode three of teacher talk with tori a series focused on financial topics relevant to public school teachers in california today's topic is the calstrs defined benefit supplement or dps for short so what is the defined benefit supplement the defined benefit supplement is an additional benefit or cash value account that some teachers accumulate this defined benefit supplement should not be confused with a defined benefit account which is the main account in the pension the defined benefit supplement is a pre-tax account which earns interest on a tax-deferred basis when do you contribute currently teachers contribute to their dbs when they work above and beyond their current base position for example coaching after school program summer school if you have been teaching for a long time you may have money in your defined benefit supplement even if you haven't worked extra time this is because there were certain years where calstrs automatically di

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