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).
I am pleased to present the 2017 edition of the CalSTRS Member Handbook.
Whether you’re just starting your career or are an experienced educator, this handbook answers many of the questions you may have about your benefit coverage. It can help you make informed decisions throughout your career, so that you’re fully prepared for your secure future.
Your income in retirement is a shared responsibility between CalSTRS and you. On average, the CalSTRS retirement benefit replaces about 50 to 60 percent of a member’s final salary. Need more for your future? Pension2, CalSTRS’ supplemental savings plan, can help you fill the gap.
If you haven’t already done so, be sure to register for myCalSTRS, our online member-only website for managing your CalSTRS accounts and personal information. Also check out CalSTRS.com to sign up for workshops, view member education videos and download benefit-specific publications and forms.
Serving you and protecting your future remain our highest priorities. We are committed to providing exemplary service to every person who emails, calls, visits or writes us.
We look forward to assisting you and helping you plan for your secure
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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.