CalSTRS Outlook

Making Sense of the Headlines
Volume 5, No. 1

CalSTRS Outlook is an email summary of the latest news releases and other items of interest related to CalSTRS benefits and services.

Blog entry Jack Ehnes

Setting a Standard for the Next 100 Years

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.

What's New

Proposed State Budget Does Not Address CalSTRS Funding, But Governor Vows to Start Debate

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.

Ask Jack Jack Ehnes

What can CalSTRS members do to make sure the retirement fund is sufficiently funded and to address the current shortfall?

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.