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).
The legislative efforts supported by the Teachers’ Retirement Board during each session of the California Legislature are consistent with CalSTRS’ goals to:
Expand upon and raise the quality of the benefits, products and services offered by CalSTRS;
Improve the delivery of CalSTRS benefits, services and products;
Preserve the assets and minimize the liabilities of the funds administered by CalSTRS;
Advance policies and practices that ensure a financially sound retirement system, while exploring opportunities for innovation.
Each year the Legislature introduces legislation that affects CalSTRS. Listings of CalSTRS legislation include the bill number, authors, CalSTRS’ bill analyses, bill summary, the board’s official position and the bill’s status in the Legislature. Also included is the text of the current and any prior versions of the bill and analyses of bills by the various legislative committees.
Updates regarding CalSTRS regulatory activities can also be accessed through this site.
CalSTRS is required to adopt regulations following the procedures established in the Administrative Procedure Act (APA). A regulation is defined in Government Code section 11342.600:
“Regulation means every rule, regulation, order, or standard of general application or the amendment, supplement, or revision of any rule, regulation, order, or standard adopted by any state agency to implement, interpret, or make specific the law enforced or administered by it, or to govern its procedure.”
Materials related to proposed actions to adopt, amend and repeal regulations can be found on this page.
The CalSTRS 2014 funding plan enacted in Assembly Bill 1469 sets the Defined Benefit Program on a sustainable course to eliminate the unfunded liability within three decades.
This historic legislation calls for gradual, shared contribution increases from members, employers and the State of California over the next several years beginning July 1, 2014. The plan meets solid actuarial and accounting practices and offers a complete approach to fully funding the Defined Benefit Program.
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.