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.
I am pleased to present the 2018 edition of the CalSTRS Member Handbook.
Whether you’re just starting your career or are an experienced educator, this handbook answers many of the questions you may have about your benefit coverage. It can help you make informed decisions throughout your career, so that you’re fully prepared for your secure future.
Your income in retirement is a shared responsibility between CalSTRS and you. On average, the CalSTRS retirement benefit replaces about 50 to 60 percent of a member’s final salary. Need more for your future? Pension2, CalSTRS’ supplemental savings plan, can help you fill the gap.
If you haven’t already done so, be sure to register for myCalSTRS, our website for managing your CalSTRS accounts and personal information online. Also check out CalSTRS.com to sign up for workshops, view member education videos, and download publications and forms.
Serving you and protecting your future remain our highest priorities. We are committed to providing exemplary service to every person who emails, calls, visits or writes us.
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.