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.
2013 was an especially significant year to CalSTRS as we celebrated 100 years of service to California’s educators. Last year kicked off with a newly designed website and a video that highlighted accomplishments of the past century.
Gov. Jerry Brown’s proposed budget plan, released last week, does not include any money to address the CalSTRS unfunded liability in the next fiscal year. But the governor said he would meet with key players over the next year to create a funding plan.
View a sampling of media coverage on the budget announcement.
What is needed to provide stability to the Defined Benefit Program is an increase in contributions made by members, employers and the state. Right now, those contributions are set in statute and the Teachers’ Retirement Board has no authority to adjust the contribution rates. For many years, contribution rates have been remarkably stable; member rates have not increased since 1972, employer rates have not changed since 1990, and the state’s rate is lower than it was since 1997.
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.