YOU HAVE FOUND OUR OLD WEB SITE. BE SURE TO CHECK OUT OUR NEW AND IMPROVED SITE!     California Teachers' Group Bolsters 403(b) Advice     April 8, 2002 — The California State Teachers' Retirement System (CalSTRS) will provide and pay for an advice platform for participants in its 403(b) retirement plan. The five-year contract marks the rare inclusion of an advice platform to be paid for by a teachers' group.   "Our 403(b) program is unique in the combination of advantages it provides to participants," explains Ed Derman, deputy chief executive officer, external affairs and program development at CalSTRS. "We provide a broad choice of investment options, at a cost that is well below those charged by more traditional annuity-based plans." He adds that the advice platform, built by CitiStreet, will "help ensure our members have all the necessary resources to successfully plan for retirement."   Randy Taylor, senior VP of government markets for CitiStreet, observes that "this has to be one of the first, if not the first, times that a teachers' group is providing advice, and funding it, for teachers from kindergarten through community college," he observes.   The restructured package, including a new Web site and an expanded fund lineup, will immediately affect about 3,000 teachers and $60 million in assets in the CalSTRS 403(b) plan. The program also offers a self-managed account that lets participants select among more than 3,000 mutual funds.     Home | Disclaimer | © 2002 403(b)wise. All rights reserved.