WEST SACRAMENTO, Calif. – The California State Teachers’ Retirement System’s (CalSTRS) Corporate Governance 2014 Annual Report shows its engagement with small-cap companies yielded remarkable progress in the adoption of majority voting standards for the election of corporate directors.
The Corporate Governance 2014 Annual Report reflects four years of work with small-cap companies—those with a capitalization of $2 billion or less—to adopt the majority-vote standard. The standard requires directors to receive a majority of shareholder support to be elected to the board.
The purpose of this circular is to retract the Employer Information Circular Volume 25; Issue 9 of May 29, 2009, as it contained an error regarding the Community College requirement indicating that participation could not be above that of a department chair.
The purpose of this circular is to remind employers of the qualifications and requirements of both the employers and employees that must be met and approved prior to participating in the Reduced Workload Program (RWP).
Effective July 1, 2009, CalSTRS will require reporting of Classification Code and Base Hours on the Monthly and Supplemental Reports of Retirement Contributions (F496 files) for members employed by a community college in part-time (hourly or daily) or adult education assignments.
It is important that CalSTRS receive updated employee address information in order to mail communications, such as the Retirement Progress Report, to the appropriate address. CalSTRS requires employee address file updates from all employers in order to keep our database current and ensure that we have the members’ most current addresses.
CalSTRS Sacramento headquarters is moving in June 2009. This circular shares with you and your employees, who are CalSTRS members, contact instructions for employers and CalSTRS member services and delivery of applications and forms.
The purpose of this circular is to alert employers that the Internal Revenue Service has announced the pension plan limits for tax year 2009. The following limits apply to benefits paid and compensation attributable to the Defined Benefit (DB), the Defined Benefit Supplement (DBS), and the Cash Balance (CB) Benefit Programs.
Due to budget constraints, some school districts may be considering furloughs, salary reductions and retirement incentives. Following is information about the potential effects of furloughs, salary reductions, and retirements to employers and CalSTRS members.
New federal regulations that became effective January 1, 2009, made significant changes in the way the 403(b) plans are managed. The new rules are complex. As a result, you may be facing unintended consequences and unexpected problems.
The purpose of this circular is to inform employers that effective March 31, 2009, CalSTRS will require the use of CalSTRS Secure Employer Web site (SEW) for all Remote Employer Access Program (REAP) applications. Access to the REAP applications using your Virtual Private Network (VPN) connection will no longer be available as of March 31, 2009.
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.