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.
This report includes information about the national costs for health care in retirement; employer-subsidized coverage rates for CalSTRS K-12 retirees; and an overview of Medicare and the CalSTRS Medicare Premium Payment Program.
Highlights estimated portfolio return implications under four climate change scenarios and recommends appropriate actions to mitigate investment risk and maximize value within the portfolio.
Study that shows switching to an account-based retirement system—such as a 401(k) or cash balance plan—would sharply reduce the retirement income security of teachers.
