New Process Will Reduce CalSTRS Costs
Effective April 1, 2008, we will begin to handle small retroactive benefit adjustments differently than we have in the past. CalSTRS will no longer pay or collect adjustment amounts at or under $10. If future adjustments to your account total more than $10, we will then collect or pay you the full adjustment amount. This change will improve our cost effectiveness and efficiency by reducing the need to pay or collect very small amounts of money.
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