CalSTRS has conducted an assessment of AB 340, the California
Public Employees’ Pension Reform Act of 2013, and its impact on
CalSTRS members and operations and outlined key changes.
Employer Information Circulars are sent to school district and community college employers as informal guidance that provides immediate information on a single topic.
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 employers of a change
to Education Code Section 22713 with regard to termination
of the Reduced Workload Program (RWP).
The purpose of this circular is to provide guidance for employers
regarding the importance of supplying substantiating
documents used for the calculation of service credit and
final compensation.
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.
It is important that CalSTRS maintain accurate addresses in order
to mail important information to our members, such as the
annual Retirement Progress Reports. In the past CalSTRS
required employers to submit address file updates once a
year.
The purpose of this circular is to inform you that the attached
Retirement System Election form (ES 372) has been revised.
Please immediately discontinue use of the old form.
The purpose of this circular is to retract the Employer
Information Circular Volume 25; Issue 9 of May 29, 2009, as
it contained an error regarding the Community College
requirement indicating that participation could not be above
that of a department chair.
The purpose of this circular is to remind employers of the
qualifications and requirements of both the employers and
employees that must be met and approved prior to participating in
the Reduced Workload Program (RWP).
Your retirement benefit is based on a formula (Service Credit x
Age Factor x Final Compensation = Member-Only Benefit). How
confident are you in your understanding of how this formula
determines your Member-Only Benefit amount?
