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, this bill would have authorized part-time classified employees to participate in the Cash Balance Benefit Program, upon formal action by the governing board of the employing district. The amendments of July 3, 2003, removed reference to CalSTRS.
For purposes of receiving survivor benefits, defines a spouse as a person who was continuously married to the member for the period beginning prior to the occurrence of the injury or diagnosis of the illness that resulted in the member’s death.
Version: Chaptered (Chapter 548, Statutes of 2003)
Increases contributions to the Supplemental Benefits Maintenance Account beginning in fiscal year 2004-05 through 2010-11 to offset reduced contributions in 2003-04.
Authorizes school districts to offer 2 years of service credit under the existing early retirement incentive program and offers a new program for districts to offer 2 years of service credit plus 2 years of age to members who retire on or before January 1, 2005.
Version: Chaptered (Chapter 313, Statutes of 2003)
Requests the President and Congress of the Unites States to enact legislation to remove the onerous effects of the Government Pension Offset and Windfall Elimination Provision from the Social Security Act.
Version: Chaptered (Resolution Chapter 65, Statutes of 2003)
Allows the Teachers’ Retirement Board and the CalPERS Board of Administration to set the compensation level of executives and investment professionals at levels comparable to other public retirement systems and financial services companies.
Version: Chaptered (Chapter 856, Statutes of 2003)
Makes various grammatical, technical and conforming changes to the Teachers’ Retirement Law to facilitate efficient administration of the Teachers’ Retirement Plan.
Version: Chaptered (Chapter 859, Statutes of 2003)
AB 91 (Dutton) – Classified Employees in Cash Balance Program
As introduced, this bill would have authorized part-time classified employees to participate in the Cash Balance Benefit Program, upon formal action by the governing board of the employing district. The amendments of July 3, 2003, removed reference to CalSTRS.
CalSTRS Analysis:
As Amended 5/13/2003
As Amended 5/05/2003
As Amended 2/11/2003
AB 106 (Corbett) – Definition of “Spouse”
For purposes of receiving survivor benefits, defines a spouse as a person who was continuously married to the member for the period beginning prior to the occurrence of the injury or diagnosis of the illness that resulted in the member’s death.
CalSTRS Analysis:
As Amended 3/20/2003
As Amended 1/10/2003
AB 205 (Goldberg) – Compliance with California Domestic Partner Act of 2003
Except where prohibited by federal law, extends the rights and duties of marriage to persons registered as domestic partners beginning 1/1/2005.
CalSTRS Analysis:
As Amended 8/21/2003
As Amended 7/03/2003
As Amended 6/03/2003
As Amended 3/25/2003
As Introduced 1/28/2003
AB 265 (Mullin) – Supplemental Benefit Maintenance Account
Increases contributions to the Supplemental Benefits Maintenance Account beginning in fiscal year 2004-05 through 2010-11 to offset reduced contributions in 2003-04.
CalSTRS Analysis:
As Amended 7/22/2003
As Amended 6/23/2003
As Amended 6/02/2003
AB 1207 (Corbett) – Retirement Incentive
Authorizes school districts to offer 2 years of service credit under the existing early retirement incentive program and offers a new program for districts to offer 2 years of service credit plus 2 years of age to members who retire on or before January 1, 2005.
CalSTRS Analysis:
As Amended 7/21/2003
As Amended 7/17/2003
As Amended 6/19/2003
As Amended 5/20/2003
As Amended 5/07/2003
As Amended 4/29/2003
AJR 29 (Pavley) – Social Security Offsets
Requests the President and Congress of the Unites States to enact legislation to remove the onerous effects of the Government Pension Offset and Windfall Elimination Provision from the Social Security Act.
CalSTRS Analysis:
As introduced 4/10/03
SB 147 (Torlakson) – School Employee Health Security Account Program
Establishes a Health Security Account Program for retired members, their spouses and dependents to be financed by employer contributions.
SB 269 (Soto) – Compensation for Executive/Investment Management
Allows the Teachers’ Retirement Board and the CalPERS Board of Administration to set the compensation level of executives and investment professionals at levels comparable to other public retirement systems and financial services companies.
CalSTRS Analysis:
As Amended 9/09/2003
As Amended 6/02/2003
As Amended 5/12/2003
SB 272 (Soto) – Social Security Coverage
Requires community college districts to offer Social Security coverage to their part-time faculty.
CalSTRS Analysis:
As Amended 5/12/2003
As Introduced 2/18/2003
SB 627 (PE&R) – Technical Housekeeping
Makes various grammatical, technical and conforming changes to the Teachers’ Retirement Law to facilitate efficient administration of the Teachers’ Retirement Plan.
CalSTRS Analysis:
As Amended 8/25/2003
As Amended 7/24/2003
As Amended 5/08/2003
As Introduced 2/21/2003
SB 640 (Burton) – State Agency Contracts with Expatriate Companies
Prohibits state agencies from contracting or entering into agreements with expatriate corporations, unless certain conditions are met.
CalSTRS Analysis:
As Amended 9/03/2003
As Amended 7/10/2003
As Amended 5/07/2003
SCR 11 (Soto) – Shareholder Resolution on AIDS Drugs
Requests CalSTRS and CalPERS to take action to urge drug companies to provide low-cost AIDS drugs in Africa.
CalSTRS Analysis:
As Amended 7/15/2003
As Amended 6/12/2003
As Amended 5/15/2003
As Amended 4/24/2003
SB1X 20 (B&FR) – Supplemental Benefit Maintenance Account
Decreases the appropriation to the Supplemental Benefit Maintenance Account by $500 million for the 2003-04 fiscal year only.
CalSTRS Analysis:
As introduced 3/3/03
SB1X 29 (B&FR) – Public Pension Obligation Funds
Authorizes the issuance of bonds to fund or refund California’s pension obligations.