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.
Encourages CalSTRS to examine the feasibility and cost-effectiveness of either creating a new program for part-time community college instructors or making appropriate modifications to the Defined Benefit Program to more appropriately reflect the career of a part-time community college instructor.
As of July 1, 2010, prohibits retirees under the normal retirement age of 60 from working in any CalSTRS-related service for the first six calendar months after retirement. Extends the sunset dates for the post-retirement earnings limit exemptions to June 30, 2012, and expands eligibility, where applicable, to members who retired on or before January 1, 2009. States that the vacant administrative position emergency exemption shall not apply to a retiree whose retirement is the basis for the vacant administrator position.
As of July 1, 2010, modifies the definition of “regular interest” and clarifies the application of regular interest to the installments that employers make when paying for employee retirement incentives. Also establishes a basis for the consistent assessment of interest and penalties for late payment of contributions and late submission of reports.
Version: Chaptered (Chapter 249, Statutes of 2009)
Expands post-employment restrictions for specified CalSTRS employees or Teachers’ Retirement Board members and requires additional disclosures of placement agent fees and activities to prevent “pay-for-play” activities with public pension investments. Also increases transparency and accountability.
Version: Chaptered (Chapter 301, Statutes of 2009)
Requests the President and the United States Congress to enact the Social Security Fairness Act of 2009, which would repeal the Windfall Elimination Provision and the Government Pension Offset of the Social Security Act.
Version: Chaptered (Resolution Chapter 103, Statutes of 2009)
Provides that a member shall not forfeit his or her additional credit for service from a retirement enhancement if he or she is reemployed within 5 years after retirement as a substitute teacher by a school district from which he or she retired, if they terminate employment with that employer and provide CalSTRS an affidavit under penalty of perjury that they were unaware of the prohibition and they returned to work at the request of the employer.
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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.