WEST SACRAMENTO, Calif. (April 15, 2019) – California State Teachers’ Retirement System announced that trustee Sharon Hendricks was elected to the PRI Association Board. As an independent organization, PRI encourages investors to use responsible investment to enhance returns and better manage risks.
In this 2016 volume, a new study, Are California Teachers Better Off With a Pension or a 401(k)?, shows that for the vast majority of teachers, the CalSTRS Defined Benefit pension provides a higher, more secure retirement income when compared to a 401(k)-style plan.
The research, conducted by Nari Rhee, PhD, of the UC Berkeley Center for Labor Research and Education and William Fornia, FSA, of Pension Trustee Advisors, shows that switching to an account-based retirement system—such as a 401(k) or cash balance plan—would sharply reduce the retirement income security of teachers who account for a large majority of the educational workforce in California.
When you think of groundbreaking breast cancer research you might expect to find a group of skilled medical experts and a wealth of scientific analysis. What you might not expect to find is the invaluable role the nation’s largest educator-only defined benefit pension plan played in a gold-standard study such as this.
Yes, there are certain restrictions for working after retirement in a public school setting. If you return to work after service retirement in a CalSTRS-covered position, including substitute teaching, as an employee of a public school system, an independent contractor or an employee of a third party, there are restrictions under state and federal law that apply to you.
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.