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.
The purpose of this directive is to communicate the following rates and present value factors for the Defined Benefit (DB), Defined Benefit Supplement (DBS), and Cash Balance (CB) Benefit programs, as set forth by the Legislature and as adopted by the Teachers’ Retirement Board.
This directive notifies employers about the newly adopted regulations that outline the direct reporting requirements that must be met in order to report directly to CalSTRS pursuant to Education Code section 23004 and Sections 27702 through 27705 in Article 1, of Chapter 3, Division 3, Title 5 of the California Code of Regulations.
This directive notifies employers of changes to Education Code sections 22119.5 and 26113, the definition of “creditable service,” made by Chapter 782, Statutes of 2015 (Assembly Bill 963), that became effective January 1, 2016.
This employer directive is intended to inform and remind employers of the postretirement annual earnings limit and legislative changes for the 2015-16 fiscal year, 2016-17 fiscal year and 2016 calendar year.
This directive notifies Defined Benefit Program employers of changes to the Teachers’ Retirement Law made by Chapter 782, Statutes of 2015 (Assembly Bill 963), affecting employers and members that became effective January 1, 2016.
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.