WEST SACRAMENTO, Calif. (December 18, 2018) – The California State Teachers’ Retirement System today announced that it was recognized as the most innovative large public plan of the year in Chief Investment Officer Magazine’s ninth annual Industry Innovation 2018 award.
WEST SACRAMENTO, Calif. (December 17, 2018) – The California State Teachers’ Retirement System has received the International Corporate Governance Network’s (ICGN) inaugural Global Stewardship Disclosure Award for Asset Owners. ICGN introduced the award to celebrate the individuals and organizations that excel in stewardship practices and disclosures.
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.
The Defined Benefit Program provides benefits to your survivors whether your death occurs before or after retirement. There are two types of coverage: Coverage A (family allowance) and Coverage B (survivor benefit). Which coverage you have depends on your membership date and whether you elected Coverage B when given the choice.
Survivor and death benefits will be paid on your behalf while on military leave if you should die while performing military service, as if you had continued accruing CalSTRS service credit.
If you became a member after October 15, 1992, your survivors are protected under Coverage B. If you became a member before that date, you were offered the choice of either Coverage A or Coverage B.
Under Coverage A, benefits are payable to your survivors if you became a member of CalSTRS before October 16, 1992, and did not elect Coverage B in the election held between October 1992 and April 1993.
Under Coverage B, benefits are payable to your survivors if you became a member of CalSTRS on or after October 16, 1992, or elected Coverage B in the election held between October 1992 and April 1993.
