Charter Schools

Retirement Benefits to Charter Schools

Overview

CalSTRS Offers Retirement Benefits to Charter Schools

Charter schools have the unique ability to decide whether to provide CalSTRS benefits and services to their employees.

CalSTRS offers the following benefits to members:

Criteria for a Charter School to Elect CalSTRS

During the initial writing of a charter petition, the school can elect to participate in CalSTRS to provide retirement benefits for their employees.

Charter schools must meet the following criteria to participate in CalSTRS retirement programs:

  • Recognized as a public charter by the California Department of Education
  • Elect participation in CalSTRS and enroll eligible employees (members)
  • Provide documentation to CalSTRS confirming participation before reporting contributions
  • Report contributions to CalSTRS via school district or county office of education  

California Education Code Law for Charter Schools

Required Documents from Charter Schools

Prior to accepting contributions, CalSTRS requires the following documents:

  • A copy of the school’s charter petition indicating the election or participation in CalSTRS
  • If the charter school chooses to collect pre-tax contributions, a completed Employer Paid Member Contributions  Resolution is required.

For more information, email us at charterschoolquestions@calstrs.com.

Client Advisory Committee Charter School Update

During the April 2017 board meeting, a presentation on charter schools was shared with the Client Advisory Committee. Data presented was as of year-end June 30, 2016 and was based on charter schools who have elected CalSTRS. Below is the presentation and additional handout that was shared.

Teachers’ Retirement Board Charter Schools Report

During the June 2017 board meeting, a presentation on charter schools was shared with the Teachers’ Retirement Board. Below are the presentation and the full report.

For accessible versions of files on this page, contact ADACoordinator@CalSTRS.com.