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.
Active and inactive members may now view their 2017 Retirement Progress Report on myCalSTRS. Your Retirement Progress Report provides a personalized overview of your CalSTRS account and benefits.
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).
The second annual CalSTRS 2014–15 Sustainability Report: Fostering a Secure Future documents a framework CalSTRS developed to ensure its long-term viability as a sustainable organization.
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.
Form 1099-Rs for the 2015 tax year will be posted to myCalSTRS by January 15, 2016 and mailed by January 31, 2016.
The form includes payments issued from January 1, 2015 through December 31, 2015. View or print your Form 1099-R or make changes to your current tax withholding preferences on myCalSTRS.
WEST SACRAMENTO, Calif. – Governor Brown’s signing of Assembly Bill 1469 today, enacted as part of the 2014-15 budget, concludes a decade-long effort to bridge CalSTRS’ nearly $74 billion funding gap.
Active and inactive members may now view their 2015 Retirement Progress Reporton myCalSTRS. Your Retirement Progress Report provides a personalized overview of your CalSTRS account and benefits.
Form 1099-Rs for the 2014 tax year were mailed on January 20, 2015. You can view and print additional Form 1099-R statements by logging into myCalSTRS.
The form includes payments issued from January 1, 2014 through December 31, 2014. View or print your Form 1099-R or make changes to your current tax withholding preferences on myCalSTRS.
In compliance with IRS guidelines, your 2014 Form 1099-R no longer includes Copy 2. We recommend you make a copy for your records.
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.
Form 1099-Rs for the 2014 tax year will be posted to myCalSTRS by January 16, 2015 and mailed by January 31, 2015.
The form includes payments issued from January 1, 2014 through December 31, 2014. View or print your Form 1099-R or make changes to your current tax withholding preferences on myCalSTRS.
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.
At the September 2014 board meeting, the Teachers’ Retirement Board adopted the 2015 Notice of Election outlining the requirements for the 2015 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, 2015 through November 30, 2015.
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.
