CalSTRS Commends the Legislature on Passage of AB 1469

2014-06-17T20:14:25-07:00June 17th, 2014|Categories: Retirement|Tags: , , , |

California State Teachers’ Retirement System (CalSTRS) Chief Executive Officer Jack Ehnes issued the following statement in response to the Legislature’s approval of Assembly Bill 1469, which provide a long-term funding plan for CalSTRS: “CalSTRS commends the Legislature for upholding its intent to enact a funding plan this year, as evidenced in the passage of AB 1469. The long-term funding solution set out in this historic legislation sets the Defined Benefit Program on a sustainable course, and ensures a secure retirement [...]