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Are you prepared for your retirement? Do you know all you need to know? Take a look at the Assessment and then read the Report to learn what you need to know about your retirement.
Just released: Sustaining Retirement Security for Future Generations: Funding the California State Teachers’ Retirement System
Teachers and public employees are being scapegoated for problems caused by Wall Street, and pensions are being used as a wedge issue to divide working class Americans. Why the attack on public employee pensions? Who really benefits by their elimination? The answer is Wall Street. The elimination of public pension systems would be a huge boon for financial planners and companies that stand to invest that money while making profit off of the fees they can charge each individual. And politicians are using pensions to attack collective bargaining and weaken unions. That public employees are being portrayed in the media as "the haves" is simply ludicrous. It’s time to set the record straight.
Teachers contribute to their retirement.
Teachers do not retire into a life of luxury. The average monthly benefit is $3,300.
The California Teachers Retirement System is aggressively against pension "spiking".
CalSTRS members do not contribute to or receive Social Security.
All Californians should have a safe and secure retirement. The real problem is not that teachers, firefighters and other public servants have pensions ("defined benefit plans"), the problem is that private sector workers do not. That’s because the private sector systemically eliminated defined benefit pension plans in favor of risky 401(k) plans - reducing costs to corporate America at the expense of the American worker. Instead of attacking teachers over the retirement benefits that they have earned, we should be having discussions about how to create better retirement options for everyone. Read more
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CalPERS is increasing the rates for individuals with lifetime policies by 85% as well as increasing policies for individuals with inflation protection. Individuals may continue lifetime coverage or may choose a 3, 6 or 10 year plan. Links: include each attached item with these corresponding titles displayed:
New IRS regulations could dramatically impact charter school employees' retirement.
In this video, Vice Chair of the Teachers’ Retirement Board Harry Keiley explains why good corporate governance is significant to ensuring retirement security.
Every child deserves a chance to learn and no child succeeds alone.
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