Pension Rate Stabilization
Does the California State Teachers’ Retirement System (CalSTRS) Board have the authority to make rate adjustments after the last statutory increase is implemented in 2020-21?read more...
On April 6, 2017, the California State Teachers’ Retirement System (CalSTRS) Board adopted the latest actuarial valuation of the retirement system. Despite increases in contribution rates by members, employers, and the state, the funded ratio decreased from 68.5% to 63.7%, and the unfunded actuarial obligation (commonly called the unfunded liability) increased from $76.2 billion to $96.7 billion.read more...
Community College League of California, in partnership with PARS, is offering community college districts the PARS-CCLC Pension Rate Stabilization Program (PRSP) — an innovative IRC Section 115 irrevocable trust designed to prefund pension costs and help districts get ahead of rising STRS/PERS rate increases.read more...