Pension Changes in State Budget Do Not Apply to CalSTRS
As the Legislature voted and the Governor signed the state budget, we received lots of questions from members about the pension changes it includes.
I want to be completely clear and assure our members: The pension provisions of the budget do not apply to CalSTRS.
The pension changes in the budget deal affect future state employees.
CalSTRS core benefits of existing members are a legal contract with the State of California and are protected by constitutional law.
So, to our active and retired educators: Your pension is secure.