WEST SACRAMENTO, Calif. – Consistent with its commitment to ensuring a financially sound retirement system, the California State Teachers’ Retirement Board today voted to adopt a new set of actuarial assumptions that reflect members’ increasing life expectancies and current economic trends. Today’s decisions were based on the multi-year CalSTRS Experience Analysis, commonly referred to as the experience study, spanning July 1, 2010, through June 30, 2015.
This directive notifies employers of their responsibilities pertaining to the felony conviction forfeiture laws that became effective January 1, 2013, with the passing of the California Public Employees’ Pension Reform Act of 2013 (Chapter 296, Statute of 2012).
The purpose of this directive is to communicate the following rates and present value factors for the Defined Benefit Program, the Defined Benefit Supplement Program and the Cash Balance Program, as set forth by the legislature and as adopted by the Teachers’ Retirement Board.
This directive contains information for county superintendents of schools, school districts, charter schools, community college districts, and any agency that employs retired members of the Defined Benefit Program, referred to in this directive as “retired CalSTRS members,” or the Cash Balance Program to perform creditable service.
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.