WEST SACRAMENTO, Calif. – CalSTRS voted its 11.6 million shares against long-tenured board members John D. Baker II, John S. Chen, Lloyd H. Dean, Enrique Hernandez, Jr., Donald M. James, Cynthia H. Milligan, Federico F. Peña, Stephen W. Sanger, and Susan G. Swenson. These board members failed in their duty to shareholders to identify the weaknesses in the company’s risk and oversight mechanisms.
WEST SACRAMENTO, Calif. – The California State Teachers’ Retirement System today announced that Governor Brown has appointed Karen Yamamoto to the California State Teachers’ Retirement Board. The board oversees the retirement benefits for California’s prekindergarten–12 and community college educators covered under the California State Teachers’ Retirement System (CalSTRS).
The purpose of this directive is to add the employer contribution rate for the Reduced Workload Program and for elected officers of an employee organization adopted by the Teachers’ Retirement Board (Board) in June to previously released Employer Directive 2009-04.
The purpose of this directive is to inform employers of the regular interest and credited interest rates for the Defined Benefit (DB) Program, minimum interest for the Cash Balance (CB) Benefit Program, and the minimum interest rate for the Defined Benefit Supplement (DBS) Program.
This directive contains information for county superintendents of schools, school districts, community college districts, and any agencies that employ CalSTRS retired members to perform creditable service.
The purpose of this directive is to inform employers of required changes to the reporting of Cash Balance Voluntary Deduction Files (VDF). These requirements are fully compliant with Part 14, Chapter 4 (Employer and Participant Responsibilities) of the California Education Code, which mandates reporting of contributions and assessment of penalties.
Electronic privacy is crucial for the ongoing success of the Internet as a convenient means to provide customer service. Your personal information will be used only to conduct CalSTRS-related business.
The California State Teachers’ Retirement System website has been developed in compliance with California Government Code §11135, which requires that all electronic and information technology developed or purchased by the State of California is accessible to people with disabilities. There are various types of physical disabilities that impact user interaction on the web. Vision loss, hearing loss, limited manual dexterity, and cognitive disabilities are examples, with each having different means by which to access electronic information effectively.