WEST SACRAMENTO, Calif. (May 11, 2018) – The trustees of the California State Teachers’ Retirement System yesterday elected Dana Dillon as board chair and Sharon Hendricks as vice chair for the 2018-19 term. The Teachers’ Retirement Board nominates and elects its chair and vice chair annually. The newly-elected officers assume their posts immediately. The chair and vice chair provide board leadership for the largest educator-only pension fund in the world.
WEST SACRAMENTO, Calif. (May 10, 2018) – The Teachers’ Retirement Board today adopted the results of the actuarial valuation for the CalSTRS Defined Benefit Program as of June 30, 2017, reflecting impacts from investment assumption changes while also noting continued progress toward the system’s long-term funding goals.
WEST SACRAMENTO, Calif. (May 9, 2018) – The California State Teachers’ Retirement System today unveiled a plan to prioritize engagement with makers and retailers of firearms that are illegal in California. The plan, approved unanimously by the Teachers’ Retirement Board, authorizes CalSTRS corporate governance staff to make firearms engagement activities a top priority by publicly engaging companies and potentially recommending that the board consider divestment if engagement efforts fail.
This directive contains information for county superintendents of schools, school districts, charter schools, community college districts and any agency that employs persons to perform creditable service or retired member/participant activities under the CalSTRS Defined Benefit, Defined Benefit Supplement and Cash Balance Benefit programs.
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.