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.
This report, developed with input from affected stakeholders, identified funding options and illustrated the implications of gradual, incremental contribution increases necessary to close the Defined Benefit Program’s funding gap and secure the long-term needs of the fund.
Report summarizing the options developed by the Teachers’ Retirement Board for the use of funds available in the SBMA in excess of the amount needed to maintain 85 percent purchasing power protection through 2089.
