WEST SACRAMENTO, Calif. (December 10, 2018)– The California State Teachers’ Retirement System today announced it has received top honors in Pensions & Investments magazine’s Best Places to Work in Money Management for 2018.
Today’s announcement reflects the fourth such honor for CalSTRS in the award’s seven years.
At the July 2018 board meeting, the Teachers’ Retirement Board adopted the 2019 Notice of Election outlining the requirements for the 2019 board election.
Three of the 12 Teachers’ Retirement Board members will be elected by the active membership. CalSTRS will hold the election from October 1, 2019 through November 30, 2019.
Active and inactive members may now view their 2018 Retirement Progress Report on myCalSTRS. Your Retirement Progress Report provides a personalized overview of your CalSTRS account and benefits.
403bCompare is a state-sponsored website provided by CalSTRS that gives you an easy and transparent way to compare investment fees, performance and services for the 403(b) plans your district offers.
CalSTRS is dedicated to preventing pension spiking.
A toll-free hotline has been established enabling anyone—the public, CalSTRS members, school district and county office of education employees—to report suspicions of pension spiking to CalSTRS.
CalSTRS does not provide health or dental insurance coverage as they are collectively bargained at the local school district level. Under California Education Code sections 7000-7008, school districts, community colleges and county offices of education must offer retiring CalSTRS members and their spouses or registered domestic partners the opportunity to continue their medical and dental insurance at their own cost.
CalSTRS primary focus is the pensions of California educators, but the availability of affordable health care can have a tremendous impact on the ability of members to maintain their standard of living in retirement.
CalSTRS has decided to suspend new mortgage originations through its Home Loan Program because current market conditions do not favor more competitive products beyond what is already available to our members on the open market.
As a California public school educator, you do not pay into Social Security, so you will not receive Social Security benefits for your CalSTRS-covered position.
If you expect to receive a Social Security check through your spouse or other employment, two federal rules—the Windfall Elimination Provision and the Government Pension Offset—could leave you with a smaller Social Security check or no check at all.
Your CalSTRS retirement benefit will not be reduced by these rules.
Here you’ll find the most popular CalSTRS tools and resources to help get you started in the retirement planning process, including the steps in the Service Retirement Application process.
You can update your address online at myCalSTRS. Or, you can complete the Address Change Request form and follow the instructions to submit the form to CalSTRS.
You can have your check electronically deposited in your bank account by applying online at myCalSTRS or by filling out the Direct Deposit Authorization form.
