|[December 31, 2013]
New State Law Allows Online-Only CalSTRS Annual Member Statements As of January 2014
WEST SACRAMENTO, Calif. --(Business Wire)--
The California State Teachers' Retirement System (CalSTRS) today
announced that, effective January 1, 2014, CalSTRS Retirement
Progress Reports (RPR) will be available exclusively online,
unless a paper version is requested. The change is enacted under Assembly
CalSTRS members are encouraged to log on to or create a secure online
profile on the secure member website, myCalSTRS.com
(myCalSTRS). Once logged in, members will be able to view
current and past reports, as well as conduct business, such as change
beneficiary designations, update contact information and more.
The CalSTRS RPR is distributed annually to more than 628,000 eligible
embers. The reports will be accessible only through myCalSTRS.
RPRs contain important member retirement information, including:
A summary of benefit program transactions during the prior year.
Accumulated service credit.
Contribution and interest balances.
Death benefit recipient and beneficiary information.
Projections of retirement benefits for members at least 45 years of
"The move to online-only access will mean lower mailing and
administrative costs while also adhering to CalSTRS' commitment to
sustainability efforts to conserve environmental resources," said
CalSTRS Chief Operating Officer Cassandra Lichnock.
Beginning February 1, 2014, CalSTRS members who prefer to receive paper
copies of their annual RPR will have the opportunity to request mail
Logging on to myCalSTRS and updating their preferences.
Submitting a Retirement Progress Reports Delivery Preference
form (AS 2046), available at CalSTRS.com/forms.
Requesting a delivery preference form by calling (800) 228-5453,
during regular business hours, 7 a.m. to 6 p.m. Pacific time.
To ensure mail delivery of the 2014 RPR, requests must be received by
June 16, 2014. For detailed information, go to the RPR
Going Paperless FAQ on CalSTRS.com.
State Teachers' Retirement System, with a portfolio valued at $176.4
billion as of November 30, 2013, is the largest educator-only pension
fund in the world. CalSTRS administers a hybrid retirement system,
consisting of traditional defined benefit, cash balance and voluntary
defined contribution plans. CalSTRS also provides disability and
survivor benefits. For 100 years, CalSTRS has served California's public
school educators and their families, who today number 862,000 from the
state's 1,600 school districts, county offices of education and
community college districts.
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