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.
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 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.
CalSTRS remains committed to the Home Loan Program, however, current conditions make its re-launch impractical. CalSTRS is striving to offer our members unique financial products while maintaining the Home Loan Program as a viable investment vehicle for the fund. These are two vital conditions for keeping the program running.
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.
