WEST SACRAMENTO, Calif. – July 20, 2017 – The California State Teachers’ Retirement System announced today that the fund posted a 13.4 percent net of fees return for the 2016-17 fiscal year, with growth being driven by strong performance across all markets, led by non-U.S. equity. As of June 30, 2017, the total fund value was $208.7 billion.
WEST SACRAMENTO, Calif. – July 17, 2017 – The California State Teachers’ Retirement System has, for the fifth consecutive year, contributed one of its talented young—under age 40—investment officers, Orintheo Swanigan, to Chief Investment Officer magazine’s Class of 2017 Top Forty Under Forty.
WEST SACRAMENTO, Calif. – July 13, 2017 – The California State Teachers’ Retirement System today announced the appointment of Diane Stanton as External Affairs Director. In her new role, Ms. Stanton will provide leadership, management and strategic direction for the CalSTRS External Affairs program, with an emphasis on stakeholder relations, outreach and engagement. Her position reports directly to Public Affairs Executive Officer, Grant Boyken.
Access the CalSTRS Secure Employer Website, find Employer Information Circulars, Employer Directives and Administrative Directives, and learn about the CalSTRS 403bComply program.
Employer Information Circulars are sent to school district and community college employers as informal guidance that provides immediate information on a single topic.
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.
CalSTRS offers 403(b) plan administration services to public school districts and other education agencies through a contract with a third party administrator.
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.
Convenient Access
myCalSTRS is an online resource where teachers and other CalSTRS members can access their secure myCalSTRS accounts and the services offered by CalSTRS, including:
The Governmental Accounting Standards Board issued two new accounting standards that significantly change the way pensions are reported. Statement No. 67, Financial Reporting for Pension Plans, was implemented by CalSTRS in its fiscal year 2013-14 financial statements. Statement No. 68, Accounting and Reporting for Pensions, is effective for plan employers in fiscal year 2014-15.
With the passage of the CalSTRS 2014 Full 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.
