Latest News & Updates

• Governor's Budget Proposal as of January 2009
  Article about latest budget proposal emailed by Adonai Mack, Legislative Advocate and Brett McFadden, Management Services Executive.
• Message from CalSTRS CEO
  CalSTRS benefits are secure, despite the ongoing historic changes to the world's financial markets. The CalSTRS retirement, survivor and disability benefits will not change with the downturn in the economy. CalSTRS benefits are not dependent on the funds in the CalSTRS investment portfolio. CalSTRS benefits are a constitutional right protected not only by the California Constitution but also by the U.S. Constitution.
• CalPERS Letter Regarding Financial Market and Trust Fund
  CalPERS sent this letter as a result of their commitment to periodically provide information regarding the current financial market volatility impact to the CalPERS trust fund. CalPERS continues to manage a well diversified portfolio and maintain a prudent, long term investment strategy in order to ensure the financial security for those served.
• Committee Chair's Memo Regarding SBMA settlement for CalSTRS Retirees
  Prior to the budget crisis, the governor signed California's budget on Purchasing Power Protection from the Supplemental Benefit Maintenance Account (SBMA) from 80% to 85%. The increase affects those retirees who retired in 1991 or earlier.