WEST SACRAMENTO, Calif. (April 15, 2019) – California State Teachers’ Retirement System announced that trustee Sharon Hendricks was elected to the PRI Association Board. As an independent organization, PRI encourages investors to use responsible investment to enhance returns and better manage risks.
As introduced, would have required community college districts to offer an alternative retirement plan and Social Security to all of their part-time employees. The amendments of 9/14/01 removed reference to CalSTRS.
Version: Chaptered (Chapter 364, Statutes of 2001)
Among other things, requires CalSTRS to notify members about the time constraints and possible requirements of passing the California Basic Education Skills Test if the member has been absent from the classroom for at least 39 months and wants to return to the classroom.
Version: Chaptered (Chapter 734, Statutes of 2001)
Permits any CalPERS member with at least five years service credit who accepts employment to perform creditable service subject to coverage under the CalSTRS Defined Benefit Program to retain their membership in CalPERS.
Credits a member’s Defined Benefit Supplement account based on his or her years of credited service. Also requires CalSTRS to pay the Medicare Part B premiums of currently active and retired DB members who are at least 55 years of age as of January 1, 2002. Requires CalSTRS to establish a nominal account for each member of the DB Program that retired before January 1, 2000, and credit it with $600 per year to pay their health care insurance premiums.
Eliminates the requirement that a dependent child between the
ages of 18 and 22 must maintain full-time student status to remain eligible for the dependent child’s portion of benefits under Coverage A. Increases the loan limit for home loans under Home Loan Program. Allows Cash Balance Benefit Program participants to purchase certain DB Program service
credit. Also appropriates funds from the Teachers’ Retirement Fund to the
Teachers’ Retirement Board to pay costs associated with post-2001 benefit
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.