Actions for Success

Since 2006, the Teachers’ Retirement Board has been talking to our stakeholder groups—active members, retired members, administrators, school districts and the Legislature—about the need to address the funding shortfall. Unlike other pension systems, the Legislature and the Governor determine CalSTRS pension contribution rates and local employers determine health benefit support.

Solving the unfunded actuarial obligation won’t be easy—but acting as a fiduciary isn’t easy. Teachers have been promised a reliable retirement. The Teachers’ Retirement Board cannot sit on the sidelines.

Board Actions:

• Communicating the funding shortfall facts to members, employers, Legislature and the Governor.
• Raising the need to set predictable contribution rates within limits.
• Moved to a more diversified investment mix.
• Review CalSTRS investment assumptions in November 2010.

The Board invites member engagement on these important issues through this website.