CalSTRS has conducted an assessment of AB 340, the California
Public Employees’ Pension Reform Act of 2013, and its impact on
CalSTRS members and operations and outlined key changes.
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.
The purpose of this directive is to remind employers of the
importance of using the proper assignment codes when
reporting to the California State Teachers’
Retirement System (CalSTRS).
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.
Your retirement benefit is based on a formula (Service Credit x
Age Factor x Final Compensation = Member-Only Benefit). How
confident are you in your understanding of how this formula
determines your Member-Only Benefit amount?
