Move is part of a larger experience study updating assumptions to June 30, 2011.
WEST SACRAMENTO, CA – The governing board of the California State Teachers’ Retirement System (CalSTRS) today adopted a new set of actuarial assumptions, including lowering the investment return assumption from 7.75 percent to 7.5 percent. The change is part of a four-year experience analysis that sets the parameters for determining the financial health of the system.
On January 25, 2012 CalSTRS Deputy CEO Ed Derman testified before the legislative conference committee on pensions. Mr. Derman provided information on the basics of the CalSTRS hybrid retirement system and benefits of the cash balance plan component.
EdCal asked Ed Derman of the California State Teachers Retirement System to respond to a number of frequently asked questions concerning the June 30 sunset date of exemptions for post-retirement earnings limitations.
On January 25, 2012 CalSTRS Deputy CEO Ed Derman testified before the legislative conference committee on pensions. Mr. Derman provided information on the basics of the CalSTRS hybrid retirement system and benefits of the cash balance plan component.