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.
CalSTRS 403bComply takes the burden of administering a 403(b) program off employers’ shoulders so you can focus your energy on other priorities. We make sure your program is in full compliance with all federal and state 403(b) regulations, and do so with maximum efficiency and minimal cost.
The Governmental Accounting Standards Board has updated the reporting standards for pensions and other postemployment benefits obligations. Employers are encouraged to review the changes and determine their effect on the financial statements. CalSTRS has compiled resources to help understand the new guidelines and changes needed to implement them.
With the passage of the funding plan, enacted in AB 1469, contribution rates for the Defined Benefit Program are now greater than contribution rates for the Defined Benefit Supplement Program. As a result, when contributions on compensation that is earned for service in excess of one school year (excess service credit) are transferred to the Defined Benefit Supplement Program, the contributions that exceed the required amount are deemed to be excess contributions and by law must be returned.
This page outlines how CalSTRS handles pension spiking, what we’ve done recently to improve our prevention, detection and resolution of suspected incidents of spiking, and how we intend to continue improving our capabilities.
Provide your teachers and administrators with easy access to their myCalSTRS accounts by placing a myCalSTRS Digital Badge on your district intranet site. The myCalSTRS Digital Badge is a hyperlinked icon directing members to the myCalSTRS sign-in menu.
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.