WEST SACRAMENTO, Calif. – The California State Teachers’ Retirement System is celebrating the appointment of its Chief Operating Investment Officer, Debra Smith, to the Public Company Accounting Oversight Board’s Standing Advisory Group. Ms. Smith will represent the investors’ perspective and voice in the advisory group. Her three-year term runs through the end of 2019.
WEST SACRAMENTO, Calif. – Consistent with its commitment to ensuring a financially sound retirement system, the California State Teachers’ Retirement Board today voted to adopt a new set of actuarial assumptions that reflect members’ increasing life expectancies and current economic trends. Today’s decisions were based on the multi-year CalSTRS Experience Analysis, commonly referred to as the experience study, spanning July 1, 2010, through June 30, 2015.
How should CalSTRS advance discussions and improve commitments to a more sustainable future?
We invite you to participate in a survey about your views on a number of sustainability topics to help us shape the content for our third annual sustainability report, scheduled for release in the spring of 2017.
Is your New Year’s resolution to retire this year?
Register now for our Retirement Resolution Webinar for an overview of the steps necessary to achieve your goal. Learn about the online services available to you, how to obtain a service retirement estimate and questions to address with your employer.
This webinar takes place on January 19 and January 21, 2016. Both webinars begin at 4:00 p.m. and are expected to last 30 minutes.
A commitment to sustainability is a key component of the culture, investments, core values and vision at CalSTRS. And per the five-year strategic business plan, CalSTRS is embarking on our inaugural sustainability report covering the calendar year of 2014. In this annual report, we will review and report on CalSTRS sustainability performance related to the most important of 12 crucial and relevant topics for each fiscal year. The report will encompass feedback from various stakeholder groups, which is where we need your assistance in completing a brief sustainability survey.
CalSTRS online calculators, Retirement Benefits and Permissive Service Credit, have been updated to reflect the new CalSTRS 2% at 60 and CalSTRS 2% at 62 benefit structures created by the California Public Employees’ Pension Reform Act of 2013.
CalSTRS celebrates and honors its dedicated members. In this first of an ongoing series of member profiles, we spend a day with 55-year CalSTRS member Dr. Genevieve Shepherd, principal at Tom Bradley Global Awareness Magnet school in Los Angeles.
The Irvine Member Service Center maintains the same environmental standards and energy efficiency that reflects CalSTRS’ commitment to California’s public educators and aligns business and technology changes to improve member services.
The Irvine site was selected as a result of an extensive site search that included a demographic analysis and comprehensive member survey sent to both active and retired Orange County members.
From April through June 2014, Caltrans is rehabilitating a section of U.S. Highway 50 in Sacramento, both eastbound and westbound directions, with a five-day break for the Memorial Day holiday. This project is called Fix50, and it will affect individuals visiting CalSTRS’ headquarters and Member Service Center in West Sacramento.
Beginning in 2014, CalSTRS’ Retirement Progress Reports (annual member statements) will be delivered online at myCalSTRS. Members who wish to continue receiving their statement by mail will be able to do so by changing their delivery preferences. If you would like to receive your 2014 report by mail, your request to continue delivery by mail must be received by June 16, 2014.
The Teachers’ Retirement Board recently voted to change how the cost of purchasing service credit is calculated. The contribution rate structure for permissive service credit will change from the current 10-year age group increments to 1-year increments.
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.