Archived Poll November 2014

CalSTRS 2014 Funding Plan

Which of the following is an outcome of CalSTRS 2014 Funding Plan?

Selection Votes Percentage
The Defined Benefit Program is on a sustainable course. 6 6%
Members, employers and the state share responsibility for rate increases. 8 8%
Members who retire on or after January 1, 2014 will receive a guarantee of the existing 2 percent Annual Benefit Adjustment. 3 3%
The Teachers’ Retirement Board was granted limited rate setting authority to adjust up or down state and employer contributio 1 1%
All of the above. 79 82%
Total number of votes: 97 100%

The correct answer is “All of the above.

Decade-long efforts to bridge the Defined Benefit Program’s current $73.7 billion funding gap have resulted in a plan that fully funds the program within 32 years.

Assembly Bill 1469, signed into law by Governor Edmund G. Brown Jr. on June 24, 2014, as part of the 2014-15 budget, increases member, employer and state contributions over the next several years and sets the program on a sustainable course.

Learn more about CalSTRS 2014 Funding Plan.

You can no longer particpate in this poll, because this poll is closed.
Answer%
The Defined Benefit Program is on a sustainable course.6.2%
Members, employers and the state share responsibility for rate increases.8.2%
Members who retire on or after January 1, 2014 will receive a guarantee of the existing 2 percent Annual Benefit Adjustment.3.1%
The Teachers’ Retirement Board was granted limited rate setting authority to adjust up or down state and employer contributio1.0%
All of the above.81.4%

Commands