CalSTRS Member Benefits - Board Responsibility

Arthur Levitt Speaks to Teachers' Retirement Board

Chad Christman — Wed, 17 Mar 2010 16:30:24 +0000

Former SEC Chairman

Mar. 21, 2011

Board Investment Policy

CalSTRS-ca — Mon, 15 Mar 2010 04:23:57 +0000

As a long-term investor, CalSTRS duty is to protect the fund assets through the pursuit of good government and operational accountability.

Mar. 21, 2011

Frequently Asked Questions

CalSTRS-ca — Mon, 15 Mar 2010 01:04:02 +0000

Find answers to the most common questions CalSTRS members are asking.

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Mar. 21, 2011

History of CalSTRS Plan Funding

CalSTRS-ca — Mon, 15 Mar 2010 00:57:41 +0000

Review decisions made to date and current considerations under review, including the contribution rates paid by employers, members and the State of California.

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Mar. 21, 2011

Actions for Success

CalSTRS-ca — Thu, 11 Mar 2010 19:21:36 +0000

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.

Mar. 21, 2011

Teachers' Retirement Board Responsibility

CalSTRS-ca — Mon, 08 Mar 2010 23:07:32 +0000

CalSTRS is committed to providing you with a reliable retirement. A bit of history: In 1913 (long before Social Security was conceived), groups of educators like you and the Legislature created the teachers’ retirement system. Their goal was to create a loyal workforce and a reliable retirement. Together, we have done that for 97 years.

CalSTRS is governed by the Teachers’ Retirement Board, a group of 12 individuals who are appointed and elected. The California Constitution states that the “retirement board shall have the sole and exclusive fiduciary responsibility over the assets of the public pension or retirement system.”

Mar. 21, 2011

Board Directions

CalSTRS-ca — Mon, 08 Mar 2010 22:57:13 +0000

The economic turmoil in Fiscal Year 2008-09 doubled our unfunded liability. Investment returns alone can’t address the shortfall. And it is for the current as well as future generations of teachers that the Board must exercise its fiduciary duty and develop sound funding solutions. If we do nothing, core benefits guaranteed by the U.S. and California constitutions would be paid by the state General Fund—at a greater cost than if we act sooner.

Mar. 21, 2011

Governing with Transparency

CalSTRS-ca — Mon, 08 Mar 2010 22:56:43 +0000

The Teachers’ Retirement Board has been recognized for leadership in transparent governance and accountability.

Mar. 21, 2011

What is Fiduciary Responsibility?

CalSTRS-ca — Mon, 08 Mar 2010 22:56:07 +0000

Board members have a duty to make decisions in the best interest of generations of California public educators.

Mar. 21, 2011

CalSTRS Investment Approach

CalSTRS-ca — Fri, 05 Mar 2010 03:39:44 +0000

CalSTRS is the largest teacher pension fund in the United States with assets totaling just over $152.9 billion as of March 31, 2012. The investment portfolio is broadly diversified in domestic and international markets. Learn More >>

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Mar. 21, 2011