The purpose of this circular is to alert employers that the Internal Revenue Service (IRS) has announced the pension plan limits for tax year 2008. The following limits apply to benefits paid and compensation attributable to the Defined Benefit (DB), the Defined Benefit Supplement (DBS), and the Cash Balance (CB) Benefit Programs.
The purpose of this circular is to inform employers of the availability of a new form titled Verification For Employers-Approved Leaves (SC-1553 attached), which will be used to provide verification for the employer-approved leaves eligible for service credit purchase by CalSTRS members.
CalSTRS, your trusted pension system, is here to help you successfully comply with the new Internal Revenue Services (IRS) 403(b) regulations. 403bComply is a new program that offers a low-cost, high quality solution for employers facing comprehensive IRS regulations.
The purpose of this circular is to inform employers that the California State Teachers’ Retirement System (CalSTRS) Pension2, our 403(b) (formerly known as the Voluntary Investment Program) and 457 Plan, has changed addresses for remittance of employees’ voluntary deductions and contribution detail.
On May 7, 2007 the Secure Employer Web (SEW) site was rolled out to the County Offices of Education (COE) and districts that report directly (as a report source) to CalSTRS. The next release for the web site is planned for implementation in October 2007.
The purpose of this circular is to remind employers that pursuant to Section 22119.2 of the Education Code, any salary or other remuneration determined by the Teachers’ Retirement Board to have been paid for the principal purpose of enhancing a member’s benefits shall not be credited to the Defined Benefit (DB) Program. Instead, that compensation will be credited to the Defined Benefit Supplement (DBS) Program.
Chapter 1032, Statues of 2000 (Senate Bill 1435—Johnston) established the California State Teachers’ Retirement System (CalSTRS) Medicare Premium Payment (MPP) Program effective January 1, 2001. Under this program CalSTRS pays for Medicare Part A (hospital) premiums for eligible Defined Benefit (DB) Program members who do not otherwise qualify for Medicare through prior employment or their spouse. CalSTRS does not pay the premiums of family members or beneficiaries.
CalSTRS is implementing a new web site, Secure Employer Web Site, which will change the way you submit your files and receive reports from CalSTRS. The Secure Employer Web Site will be available on May 7, 2007 to County Offices of Education and any districts that are currently reporting directly (as a Report Source) to CalSTRS.
The purpose of this circular is to introduce upcoming improvements to employer invoices for retirement benefit enhancement purchases, such as Excess Sick Leave, One Year Final Compensation for classroom teachers with less than 25 years of service credit, and Retirement Incentive (previously known as Golden Handshake) programs. Detailed information will be distributed in subsequent employer directives.
The purpose of this circular is to inform the County Offices of Education, School Districts, Community College Districts, Charter Schools or other employing agencies, who report creditable compensation for an employee, of the legal requirements to deduct and remit the required employee and employer contributions to the system.
The purpose of this circular is to inform employers of the verification requirement for the Family and Medical Leave Act (FMLA) and the California Family Rights Act (CFRA) as it pertains to the purchase of permissive service credit.
The purpose of this circular is to inform the County Offices of Education, School Districts, Community Colleges and Charter Schools (Employers) of the CalSTRS Billing Statement AR 1481 format changes implemented as of December 22, 2006 (previously identified as Form V0898). This Billing Statement affects employers who participate in the payroll deduction program for member purchases of permissive and redeposit service credit.
The purpose of this circular is to inform employers about the comprehensive IRS 403(b) regulations that will become effective January 1, 2008, and CalSTRS’ offer to assist with administration of the regulations.
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.