CTA Retirement Savings Plan

Must be approved by your district

Reasons to Save in the CTA Retirement Savings Plan

  1. High Quality Investment Options – Recommended and monitored by a national independent investment consulting firm
  2. Fiduciary Standards – Plan decisions are made solely in the interest of participants
  3. Transparency – All fees are clearly disclosed and easily identified

What are the fees in the CTA plan?
Effective December 1, 2018 you pay a flat annual record keeping fee of $95.00 and 0.05% for custodial services based on the assets in your account. These fees will be deducted from your account balance on a quarterly basis.  Additionally, you pay an asset based fee for the investments selected and certain transactions such as loans and distributions are subject to fees.  

Enrollments that are received after October 15, 2018, will include a one-time enrollment fee of $10. This one-time enrollment fee will be assessed with the first quarterly recordkeeping fee payment at the end of the quarter in which your account is funded.

All fees are clearly outlined in the annual fee disclosure statement, on the enrollment website and will be reported as transactions on your quarterly statement.

Does Your District Offer the CTA Retirement Savings Plan?
Before you can participate in the plan, the CTA Retirement Savings Plan must be added to your district’s list of approved vendors. You can find out whether your district offers the CTA Retirement Savings Plan by checking the Approved District list or calling the CTA Member Benefits Department at (650) 552-5200. You can also log in to the CTA Retirement Plan Center website at CTAretirementplan.org for district eligibility and enrollment in the CTA Retirement Savings Plan. Call the CTA Retirement Plan Center at (855) 604-6222 for help with enrollment, and assistance with exchanges or rollovers from other plans into the CTA Retirement Savings Plan.

Our Plan Makes Saving Easy
When you participate in the CTA Retirement Savings Plan, you can take advantage of these powerful features:

You’re in control.
You decide how much to contribute.

  • If you’re under age 50, you can save up to the annual maximum ($19,000 for 2019).
  • If you’re age 50 or older, you can also make catch-up contributions ($6,000).
  • If you have 15 or more years of full-time service, in certain districts you may also be able to contribute up to $3,000 more for five years (up to a maximum of $15,000).
  • The Beauty of Pre-tax Savings - Tools
  • Watch Your Money Grow - Tools

It's convenient.
Once you enroll online or by paper form, and complete a Salary Reduction Agreement, your contributions happen automatically through payroll deductions. You don’t need to think about it!

You save on taxes.
The plan helps you save on taxes with before-tax contributions and, in some districts, Roth 403(b) contributions. Whichever way you contribute, you’ll be taking the right step to prepare for tomorrow! 

  • With before-tax contributions, your contributions are made before taxes and automatically deducted from your pay. Your contributions and earnings grow on a tax-deferred basis, so you only pay taxes when you withdraw your money after you retire. Tax-deferred savings mean you can save more than you’ll miss from your paychecks!
  • The plan also supports Roth 403(b) contributions if your district offers this option. With Roth contributions, you contribute after taxes, but you don’t pay taxes when you make a qualified withdrawal. 

It’s easy to find the right investment choices.
The plan includes Investment Options that are right for you based on your age and comfort level with investing — options selected with your needs in mind.

You can get support 24/7.
You can access your account 24/7 online, and if you need additional support, help is a quick phone call away.

CTA Retirement Plan Center
8:00 a.m. to 6:00 p.m. PST
Monday through Friday
(855) 604-6222
www.CTAretirementplan.org