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.
The legislative efforts supported by the Teachers’ Retirement Board during each session of the California Legislature are consistent with CalSTRS’ goals to:
Expand upon and raise the quality of the benefits, products and services offered by CalSTRS;
Improve the delivery of CalSTRS benefits, services and products;
Preserve the assets and minimize the liabilities of the funds administered by CalSTRS;
Advance policies and practices that ensure a financially sound retirement system, while exploring opportunities for innovation.
Each year the Legislature introduces legislation that affects CalSTRS. Listings of CalSTRS legislation include the bill number, authors, CalSTRS’ bill analyses, bill summary, the board’s official position and the bill’s status in the Legislature. Also included is the text of the current and any prior versions of the bill and analyses of bills by the various legislative committees.
Updates regarding CalSTRS regulatory activities can also be accessed through this site.
We encourage you to participate in the legislative process by communicating with your Senator or Assembly Member on legislative proposals that concern you.
CalSTRS is required to adopt regulations following the procedures established in the Administrative Procedure Act. A regulation is defined in Government Code section 11342.600:
“Regulation means every rule, regulation, order, or standard of general application or the amendment, supplement, or revision of any rule, regulation, order, or standard adopted by any state agency to implement, interpret, or make specific the law enforced or administered by it, or to govern its procedure.”
Materials related to proposed actions to adopt, amend and repeal regulations can be found on this page.
The CalSTRS Funding Plan, enacted in Assembly Bill 1469 as part of the 2014-15 budget, puts the CalSTRS Defined Benefit Program on the path to full funding in 32 years through incremental shared contribution increases among the program’s three contributors: CalSTRS members, employers and the state.
