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).
This directive notifies employers of the effect of the creditable compensation regulations on the specific principles regarding class of employees, creditable compensation and the crediting of contributions applicable to Defined Benefit Program creditable service performed on and after January 1, 2015.
The purpose of this directive is to communicate the following rates and present value factors for the Defined Benefit, Defined Benefit Supplement, and Cash Balance Benefit programs, as set forth by the Legislature and as adopted by the Teachers’ Retirement Board.
This employer directive is intended to inform and remind employers of the postretirement annual earnings limit and legislative changes for the 2014-15 fiscal year, 2015-16 fiscal year and 2015 calendar year.
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.