CalSTRS Speaks

Jun. 15, 2011 William Yee
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Find the CalSTRS position on pension issues and responses to media reports.

Plan Funding News

Feb. 17, 2010 CalSTRS-hd
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Since 2006, CalSTRS has communicated a projected funding shortfall or unfunded actuarial obligation.

The shortfall is based on an actuarial valuation, which is a snapshot of the fund’s assets and liabilities.

CalSTRS assets must balance with cost of future benefits over the long term to pay the pension promise to all generations of teachers. Currently, CalSTRS has assets to pay benefits through the early 2040s.

Historically, investment returns contribute about 60 percent of the retirement benefit. The 2008 economic turmoil and the 2001 dot com bust created lower than expected investment returns.

How the Unfunded Actuarial Obligations Affects Members

Benefits and contribution rates are unchanged as educators, school employers, the California Legislature and CalSTRS develop a plan to deal with the funding challenges.

Working together, the funding shortfall is solvable. CalSTRS believes gradual, predictable increases in contribution rates can be achieved.

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Making Sense of the Headlines

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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.

CalSTRS Calendar Year-End Investment Returns Show Slight Gains
A Glance at Governor Brown's Twelve-Point Pension Plan
Can you explain what CalSTRS is doing about reports of pension spiking?

Making Sense of the Headlines

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Volume 3, No. 1

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.

CalSTRS Helps Educators Make Sense of Investment Options
CalSTRS Opens Member Center in Glendale
What is the earliest Governor Brown's 12 point pension reform proposal could be implemented and where can I find the proposal?

Making Sense of the Headlines

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Volume 2, No. 13

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.

CalSTRS Responds to Stanford Institute for Economic Policy Research Report on California’s Pensions
Public School Educators Elect CalSTRS Trustees
Are reports that suggest the state needs to increase CalSTRS annual funding by $3.8 billion for the next 30 years accurate?

CalSTRS Needs Long-term Funding Fix

Dec. 10, 2011 William Yee
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North County Times

The introduction of Gov. Jerry Brown's 12-point pension plan and a series of legislative hearings are fueling a robust discussion on pension reform in California.

As this debate wages on, it is easy to associate reports of payout abuses and overly generous benefits with all public pension systems. Consequently, there is a tendency to look at every plan with the same critical eye and reason that all public pension systems must be reformed in the same way.

Read more at North County Times

Glitzy Pensions? Not for Teachers

Dec. 7, 2011 William Yee
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Ventura County Star

Ventura Star columnist Timm Herdt makes a well-reasoned case for how CalSTRS is different and why it’s adequate funding is necessary for the ongoing retirement security of California’s educators.

Herdt: Glitzy pensions? Not for teachers

With 1,200 members, Ventura County has one of the more active divisions of the California Retired Teachers Association. They're not a glamorous bunch.

The group holds its regular meetings in the basement of a retirement home. On the half-dozen occasions a year it puts on luncheons, it eschews pricey hotels and holds them instead at a banquet room at a municipal golf course.

Read more at the Ventura County Star

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