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).
CalSTRS 403bComply takes the burden of administering a 403(b) program off employers’ shoulders so you can focus your energy on other priorities. We make sure your program is in full compliance with all federal and state 403(b) regulations, and do so in a timely fashion and minimal cost.
CalSTRS offers 403(b) plan administration services to public school districts and other education agencies through a contract with a third party administrator.
A 403(b) plan is a great benefit that you, as an employer, can offer to help your certificated and classified employees. CalSTRS understands that 403(b) compliance is a complex process that can take time, staffing and resources. That is why we have made CalSTRS 403bComply simple for you to implement.
With CalSTRS 403bComply:
You will enjoy a smooth transition from your existing 403(b) administration program to our service.
You don’t need a minimum number of participants to use the service.
There is no conflict of interest since CalSTRS 403bComply is not a financial product vendor.
The plan is cost-effective at only $2 per 403(b) participant per month with no cost to employers.
CalSTRS 403bComply works to ensure your 403(b) program offers only the products and services your employees need.
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.