RI has partnered with the Committee on Workers Capital (CWC) to publish a series of CWC Trustee Profile interviews with union-nominated pension fund trustees that touch on the role of individual board members in driving innovation around responsible investment at their funds. This installment is with Sharon Hendricks, Vice-Chair of the CalSTRS Board of Trustees.
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 (APA). 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 2014 funding plan enacted in Assembly Bill 1469 sets the Defined Benefit Program on a sustainable course to eliminate the unfunded liability within three decades.
This historic legislation calls for gradual, shared contribution increases from members, employers and the State of California over the next several years beginning July 1, 2014. The plan meets solid actuarial and accounting practices and offers a complete approach to fully funding the Defined Benefit Program.
