WEST SACRAMENTO, Calif. – The California State Teachers’ Retirement System’s (CalSTRS) Corporate Governance 2014 Annual Report shows its engagement with small-cap companies yielded remarkable progress in the adoption of majority voting standards for the election of corporate directors.
The Corporate Governance 2014 Annual Report reflects four years of work with small-cap companies—those with a capitalization of $2 billion or less—to adopt the majority-vote standard. The standard requires directors to receive a majority of shareholder support to be elected to the board.
The purpose of this circular is to alert employers that on January 1, 2015, CalSTRS Creditable Compensation Regulations, Sections 27200 through 27602 of Chapter 2, Division 3, Title 5 of the California Code of Regulations become effective. The regulations clarify Education Code sections 22112.5, 22119.2 and 22905 and apply to CalSTRS 2% at 60 members.
Pension2, CalSTRS’ voluntary supplemental savings plan, is currently transitioning to its new recordkeeper, Voya FinancialTM, from TIAA-CREF. The purpose of this circular is to alert employers of the upcoming changes, in addition to providing information and resources to help make the transition easier for you and your employees.
The purpose of this circular is to alert employers that the creditable compensation limit for Defined Benefit CalSTRS 2% at 62 members and Cash Balance participants subject to the California Public Employees’ Pension Reform Act of 2013 (PEPRA) has changed for the 2014-15 fiscal year. The creditable compensation limit applies to compensation creditable to the Defined Benefit (DB), the Defined Benefit Supplement (DBS), and the Cash Balance (CB) Benefit programs.
The purpose of this circular is to alert employers that Governmental Accounting Standards Board Statement No. 68 (GASB 68), effective for fiscal years beginning after June 15, 2014, will result in significant changes to their financial statements as a participating employer in the State Teachers’ Retirement Plan (STRP), a cost-sharing, multiple-employer defined benefit pension plan.
The purpose of this circular is to alert employers that the Internal Revenue Service has announced the pension plan limits for tax year 2014 and to inform employers of the compensation limit under the Teachers’ Retirement Law for CalSTRS members and participants who are first hired to perform creditable service on or after January 1, 2013.
The purpose of this circular is to provide guidance to employers in providing the right of retirement system election when a California State Teachers’ Retirement System (CalSTRS) member changes position that requires membership in another public retirement system.
The purpose of this circular is to alert employers that the Internal Revenue Service has announced the pension plan limits for tax year 2013 and to inform employers of the compensation limit for CalSTRS members and participants who are first hired to perform creditable service on or after January 1, 2013.
The purpose of this circular is to provide you with information regarding the retirement deadline for your certificated employees to participate in CalSTRS Medicare Premium Payment (MPP) Program of June 30, 2012.
The purpose of this circular is to inform County Offices of Education, School Districts, Community Colleges and Charter Schools of common employer audit findings and to provide guidance on preventive actions to take to avoid these findings in the future.
CalSTRS is currently in the preliminary stages of developing and adopting regulations relating to the timely reporting and remittance of contributions made by CalSTRS members and employers. Those regulations have not been adopted, are subject to change as the regulatory process proceeds, are not yet in effect and are not expected to be in effect any earlier than mid-2012.
The 403bCompare Web site has just completed a review and update of information listed on the web site, with special attention focused on the fee comparison section. During a routine review of vendor products and information it was determined that many vendors had not updated the fee
section of the web site.
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.