2018 legislation

Each year the Legislature introduces legislation that affects CalSTRS, its members, or their beneficiaries. Below is a listing of legislation sponsored by the Teachers' Retirement Board or other legislation enacted into law. Listings of CalSTRS legislation include the bill number, authors, CalSTRS' bill analyses, bill summary, the board's official position and the bill's status in the Legislature.

AB 2052 (Bonta) – Requiring employers to use electronic payments

Upon authorization by the Teachers’ Retirement Board, requires all employers to submit their contribution payments by an electronic funds transfer method. Also allows an employer that is unable to comply with this requirement to apply to the board for a waiver to pay in an alternative manner.

AJR 41 (Thurmond) – Social Security offset repeal

Requests the United States Congress and the President to enact legislation which would repeal the Government Pension Offset (GPO) and the Windfall Elimination Provision (WEP) from the Social Security Act.

SB 964 (Allen) – Climate-related financial risk of pension investments

To the extent the CalSTRS and CalPERS boards identify “climate-related financial risk,” as defined, as a material risk to the fund, requires that risk to be analyzed. By January 1, 2020, and every three years thereafter, the bill requires the boards to publicly report on the analysis of the material climate-related financial risks of their public market portfolios. Also provides a sunset date of…

SB 1165 (Pan) – Housekeeping bill

Makes various technical, conforming or minor changes to the Teachers’ Retirement Law to facilitate efficient administration of the State Teachers’ Retirement Plan (Plan), which includes the Defined Benefit (DB) Program, the Defined Benefit Supplement (DBS) Program and the Cash Balance (CB) Benefit Program.