This directive provides information related to membership in the Defined Benefit Program, participation in the Cash Balance Benefit Program and elections regarding other public retirement systems. Information provided is inclusive of amendments enacted by Senate Bill 1165 (Chapter 416, Statutes of 2018).
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, DBS and CB Benefit programs
Regular and Credited Interest Rates — 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 (referred to in this directive as “retired CalSTRS members”) or retired participants of the Cash Balance (CB) Benefit Program (referred to in this directive as “retired CalSTRS participants”) to perform creditable service or that employs CalSTRS members receiving either a Disability Allowance or Disability Retirement benefit in any cap
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.