WEST SACRAMENTO, Calif. (January 16, 2019) – The California State Teachers’ Retirement System today announced the certification of three member representatives to the CalSTRS governing board. The members will each serve a four-year term, which begins January 1, 2020.
The three candidates, two who represent pre-kindergarten to 12th grade educators and one who represents community college educators, were not opposed and were certified elected by CalSTRS Chief Executive Officer Jack Ehnes.
Your 2018 Form 1099-R will be available online on January 18, 2019 and mailed by January 31, 2019. The form includes benefit payments issued from January 1, 2018 through December 31, 2018.
View or print your Form 1099-R using your secure online myCalSTRS account.
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.
CalSTRS Pension2 is CalSTRS’ voluntary defined contribution plan. Pension2 offers the opportunity to invest through tax-advantaged payroll deductions in low cost, flexible 403(b), Roth 403(b) and 457(b) plans for additional retirement savings.
CalSTRS Pension2:
Complements your CalSTRS retirement benefit.
Features low fees and expenses, so more of your money works for you.
Offers tax-advantaged contributions and a variety of investment plans.
Provides objective advice and planning services at no additional cost.
The Voya Unsung Heroes program recognizes those classroom heroes who take teaching to new heights and make learning fun.
If you’re a full-time K-12 teacher, principal, para- professional, or classified staff member with an effective project that improves student learning, you’re eligible to apply.
Your CalSTRS retirement benefit is a healthy start to funding your future. But did you know that the median CalSTRS benefit replaces about 50 to 60 percent of a member’s salary? You’ll need to close any gap between your retirement goal and your retirement benefit with personal savings and investments.
We invite you to join your peers in learning how to make smart financial decisions today so you’ll be able to enjoy your future. All workshops are about two hours, with dates and locations across the state.
The CalSTRS Pension2 Advisory Committee selects each of the core funds to ensure the highest quality investment choices. The funds are continuously monitored to ensure that they meet the performance standards of CalSTRS and any fund that does not will be placed on the investment watch list. If the fund continues to underperform, a new fund will be selected as a replacement.
Your CalSTRS retirement benefit will replace, on average, about 54 percent of your current salary. Need more for retirement? Check out our “Why Wait” and “What If” calculators and see what a difference a few years can make.
The CalSTRS Pension2 watch list details which of our current investment options we are concerned with and watching closely. Options placed on the list may, based on our monitoring criteria, later be removed from the watch list or removed/replaced from our available investment options.
