CalSTRS is launching a redesigned and improved CalSTRS.com on
Friday, January 25. The new site is a faster, simpler way to find
information about CalSTRS benefits and services, the investment
portfolio, our latest news releases, and our efforts in the areas
of corporate governance and sustainability. The design features
new navigation tools to help you quickly find what you’re looking
The California Public Employees’ Pension Reform Act of 2013
(Chapter 296, Statutes of 2012) made significant changes to the
benefit structure that primarily affect members first hired to
perform CalSTRS creditable activities on or after January 1,
2013. Three provisions also affect current members. As a result,
CalSTRS now has two benefit structures:
CalSTRS 2% at 60 – members first
hired on or before December 31, 2012.
CalSTRS 2% at 62 – members first
hired on or after January 1, 2013.
National Save for Retirement Week is an effort to raise public awareness about the importance of saving for retirement. This year, National Save for Retirement Week is October 21-27, 2012 and provides an opportunity for you to:
Please visit CalSTRS.com and log on to yourmyCalSTRS
accountto complete your Refund Application
online. Submitting your application online means
faster processing and ensures CalSTRS receives your application
The Governor recently signed legislation prohibiting the purchase
of nonqualified service credit, or air time, effective
January 1, 2013, as part of the California Public
Employees’ Pension Reform Act of 2013.
As an institutional investor, CalSTRS is committed to the
proposition that better corporate governance leads to greater
long-term value and increased returns. Numerous studies
acknowledge that diverse boards initiate strategic changes more
effectively, increase the exchange of ideas and lead to better
Governor Brown has announced an agreement with the Legislature on
changes to public employee pensions. CalSTRS is in the process of
analyzing the impacts any new reform measures will have on
current members, new members and retirees. CalSTRS anticipates
completing its analysis by the end of this week, at which time it
will be made available on this and the CalSTRSbenefits.us websites.
The postretirement earnings limit increased from $31,020 to
$40,011 with the passage of AB 178 on July 17, 2012.
The new law also extended and expanded a very narrow
postretirement earnings limit exemption, added an exclusion to
the postretirement limit and employment requirements, and made
changes to reinstatement.
CalSTRS members are invited to visit the CalSTRS booth at one of
the free CalPERS 2012 Retirement Planning Fairs taking place in
August. Members may ask questions about CalSTRS benefits, learn
about resources available and speak with a CalSTRS benefits
As an institutional investor, CalSTRS advances the practice of
long-term value creation. CalSTRS is committed to the proposition
that better corporate governance leads to greater long-term value
and increased returns.
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
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?