WEST SACRAMENTO, Calif. (Dec. 12, 2017) – The California State Teachers’ Retirement System today announced that Pensions & Investments magazine has named it a Best Place to Work in Money Management for 2017. This year’s honor is the third CalSTRS has garnered—the only public pension plan to do so.
CalSTRS was established more than 100 years ago to provide retirement benefits for California’s public school teachers and is the largest educator-only pension fund in the world. The CalSTRS portfolio is currently valued at approximately $208 billion, which we carefully invest, as patient capital with a long-term investment horizon, to meet the retirement needs of more than 900,000 plan participants and their families.
Form 1099-R is the Internal Revenue Service form reporting a taxpayer’s distributions from pensions, annuities, IRAs, insurance contracts, profit-sharing plans and/or retirement plans (including section 457 state and local government plans).
How should CalSTRS advance discussions and improve commitments to a more sustainable future?
We invite you to participate in a survey about your views on a number of sustainability topics to help us shape the content for our third annual sustainability report, scheduled for release in the spring of 2017.
Research from University of California, Berkeley shows that for the vast majority of teachers, the California State Teachers’ Retirement System Defined Benefit pension provides a higher, more secure retirement income compared to a 401(k)-style plan.
The study, conducted by Nari Rhee, PhD, of the UC Berkeley Center for Labor Research and Education and William Fornia, FSA, of Pension Trustee Advisors, shows that 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 who account for a large majority of the educational workforce in California.
Is your New Year’s resolution to retire this year?
Register now for our Retirement Resolution Webinar for an overview of the steps necessary to achieve your goal. Learn about the online services available to you, how to obtain a service retirement estimate and questions to address with your employer.
This webinar takes place on January 19 and January 21, 2016. Both webinars begin at 4:00 p.m. and are expected to last 30 minutes.
At the very heart of CalSTRS Core Values exists Sustainability, an integral component of the framework which governs the organizational business culture. In fact, the Teachers’ Retirement Board identified sustainability and risk management as key priorities this year and extending over the next several years. To this end, sustainable objectives are fully integrated into everyday practices at every level of CalSTRS business operations.
A commitment to sustainability is a key component of the culture, investments, core values and vision at CalSTRS. And per the five-year strategic business plan, CalSTRS is embarking on our inaugural sustainability report covering the calendar year of 2014. In this annual report, we will review and report on CalSTRS sustainability performance related to the most important of 12 crucial and relevant topics for each fiscal year. The report will encompass feedback from various stakeholder groups, which is where we need your assistance in completing a brief sustainability survey.
CalSTRS online calculators, Retirement Benefits and Permissive Service Credit, have been updated to reflect the new CalSTRS 2% at 60 and CalSTRS 2% at 62 benefit structures created by the California Public Employees’ Pension Reform Act of 2013.
CalSTRS celebrates and honors its dedicated members. In this first of an ongoing series of member profiles, we spend a day with 55-year CalSTRS member Dr. Genevieve Shepherd, principal at Tom Bradley Global Awareness Magnet school in Los Angeles.
The Irvine Member Service Center maintains the same environmental standards and energy efficiency that reflects CalSTRS’ commitment to California’s public educators and aligns business and technology changes to improve member services.
The Irvine site was selected as a result of an extensive site search that included a demographic analysis and comprehensive member survey sent to both active and retired Orange County members.
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.