WEST SACRAMENTO, Calif. (Dec. 12, 2017) – The California State Teachers’ Retirement System today announced that Pensions & Investments magazine has named it a Best Place to Work in Money Management for 2017. This year’s honor is the third CalSTRS has garnered—the only public pension plan to do so.
The purpose of this directive is to communicate the following rates and present value factors for the Defined Benefit (DB), Defined Benefit Supplement (DBS), and Cash Balance (CB) Benefit programs, as set forth by the Legislature and as adopted by the Teachers’ Retirement Board:
Member and Employer Contribution Rates — DB Program and CB Benefit Program
Contribution Rate — DBS Program
Regular Interest Rate — DB Program
Credited Interest Rate — DB Program
Minimum Interest Rate — CB Benefit Program and DBS Program
Penalties and Interest Rate — DB Program and CB Benefit Program
Permissive Service Credit Contribution Rate — DB Program
Employer Contribution Rates for Elected Officials of Employee Organizations and Reduced Workload Program
Present Value Factor for Unused Excess Sick Leave Service Credit
This directive contains information for county superintendents of schools, school districts, charter schools, community college districts, and any agency that employs retired members of the Defined Benefit (DB) Program or retired participants of the Cash Balance (CB) Benefit Program to perform creditable service or that employs CalSTRS members receiving either a Disability Allowance or Disability Retirement benefit in any capacity.
This directive notifies employers of employee rights and employer requirements under the federal Uniformed Services Employment and Reemployment Rights Act of 1994 and changes recently enacted by Senate Bill 1352 (Chapter 218, Statutes of 2016) that became effective January 1, 2017.
This directive notifies employers of changes to Education Code sections contained in Chapter 218, Statutes of 2016 (Senate Bill 1352), which affect employers and became effective January 1, 2017, except where otherwise indicated.
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.