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.
Other Pension and Postemployment Benefits Information
Effective FY 2017-18, CalSTRS will no longer prepare and publish the Schedule of Proportionate Share of Medicare Premiums and Surcharges Paid (Schedule D) in the Other Pension and Post-Employment Benefit Information Report.
CalSTRS made this decision based on an assessment of the cost and benefit of developing the schedule on an ongoing basis and the projected use of the schedule. CalSTRS will continue to provide the Schedule of Proportionate Share of Contributions for Employers of State Teachers’ Retirement Plan (Schedule C) which, based on their accounting policies, employers may use in determining their proportionate share of the Medicare Premium Payment (MPP) Program Net OPEB Liability (NOL), OPEB Expense, and Deferred Inflows and Outflows of Resources.
In addition, due to the unique approach in which the MPP Program is funded, employers may decide to use a different approach than the option CalSTRS has provided. Each employer’s method for determining their proportionate share of the NOL, OPEB Expense, and Deferred Inflows and Outflows of Resources is an accounting policy decision that each employer should consult on with their auditors.
Electronic privacy is crucial for the ongoing success of the Internet as a convenient means to provide customer service. Your personal information will be used only to conduct CalSTRS-related business.
The California State Teachers’ Retirement System website has been developed in compliance with California Government Code §11135, which requires that all electronic and information technology developed or purchased by the State of California is accessible to people with disabilities. There are various types of physical disabilities that impact user interaction on the web. Vision loss, hearing loss, limited manual dexterity, and cognitive disabilities are examples, with each having different means by which to access electronic information effectively.