CalSTRS Member Benefits - Plan Funding News

Board Hears Implications of Funding Scenarios

William Yee — Thu, 24 Feb 2011 18:28:06 +0000

In a presentation to the Teachers’ Retirement Board at the February 2011 meeting, CalSTRS Deputy CEO Ed Derman discussed alternative approaches to increase contributions to the Defined Benefit Program.

Feb. 24, 2012

A Better Bang for the Buck

admin — Fri, 05 Mar 2010 02:19:50 +0000

The National Institute on Retirement Security (NIRS) released a special report on the economic efficiencies of Defined Benefit Pension Plans. Read how the report cautions decision-makers to think twice from steering away from DB Plans. View Full Report

Mar. 21, 2011

Ask Jack

admin — Fri, 05 Mar 2010 01:20:25 +0000

CalSTRS CEO Jack Ehnes is addressing many of the questions that have been raised by our active and retired members. If you have questions about CalSTRS plan funding and administration, feel free to Ask Jack >>

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Mar. 21, 2011

Get the Facts

admin — Fri, 05 Mar 2010 01:16:38 +0000

Your CalSTRS retirement benefit is secure and guaranteed for life. Visit the Fact Center to find out how your benefit is funded.

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Mar. 21, 2011

The CalSTRS Difference

admin — Fri, 05 Mar 2010 01:05:36 +0000

Learn how and why CalSTRS is different from other public pension systems.

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Mar. 21, 2011

What is a UAO?

admin — Fri, 05 Mar 2010 00:43:29 +0000

Understanding the Current Snapshot of the Fund’s Assets and Liabilities

Since 2006, CalSTRS has communicated to members, employers and the Legislature about the projected funding shortfall or unfunded actuarial obligation (UAO). The shortfall is based on an actuarial valuation, which is a snapshot of the fund’s assets and liabilities.

Mar. 21, 2011

Stay Connected

admin — Wed, 24 Feb 2010 19:23:01 +0000

Join the discussion. Share this information. Spread the Word.

Mar. 21, 2011

Plan Funding News

CalSTRS-hd — Thu, 18 Feb 2010 00:54:17 +0000

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.

Mar. 21, 2011