Making Sense of the Headlines

in
Volume 3, No. 2

Get the straight story on CalSTRS in the news today. The purpose of CalSTRS Outlook is to provide CalSTRS members and their families important, timely and accurate updates on CalSTRS defined benefit and the unfunded liability.

In this issue

CalSTRS Calendar Year-End Investment Returns Show Slight Gains

Tumultuous 2011 Ends With CalSTRS Investments Returns Slightly Positive

WEST SACRAMENTO, CA – Investment returns for the California State Teachers’ Retirement System (CalSTRS) ended the 2011 calendar year posting a 2.3 percent gain, in a year of extreme market volatility.

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A Glance at Governor Brown's Twelve-Point Pension Plan

On October 27, 2011, Governor Brown unveiled his 12-Point Pension Plan. As the debate around pension reform continues, it’s important to emphasize that the most pressing need facing CalSTRS was not included in the Governor’s proposal: A plan of action to address the long-term funding needs of the system. To be clear, the authority and responsibility for this action rests with the Governor and the Legislature.

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Can you explain what CalSTRS is doing about reports of pension spiking?

CalSTRS takes pension spiking very seriously, which is why we have, and continue to aggressively pursue instances of suspected spiking. Our internal controls and processes to identify and resolve instances of spiking include regularly conducting school district audits and analyzing employer compensation reports to identify excessive increases that could affect the member’s final compensation factor.

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