The importance of a plan that fully funds the Defined Benefit Program cannot be overstated. It took years of overcoming budgetary constraints, educating numerous policymakers and stakeholders, and an overall perseverance to see a funding plan come to fruition.
Recently, CalSTRS sat down with a few individuals who were a part of this tremendous effort and they shared some of the challenges and highlights. This video captures the key moments that led to a funding plan.
For more information about contribution rate increases and other provisions of Assembly Bill 1469, visit the CalSTRS Funding Plan.