CalPERS & CalSTRS Retirement Reporting April 5,

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1 CalPERS & CalSTRS Retirement Reporting April 5, 2017 Retirement Reporting District Financial Services San Diego County Office of Education Disclaimer The statements in this presentation are for school district information and use. This information is based on current known facts. However, CalPERS and CalSTRS updated regulations/laws will always supersede the statements presented in this workshop. If there is a conflict between this presentation and the law, decisions should be based on the law and not on the information provided in this presentation. These materials have been prepared by the SDCOE Retirement Reporting unit. They have not been reviewed by CalPERS & CalSTRS for approval. Therefore this material is not an official statement of CalPERS & CalSTRS. 2 CalPERS & CalSTRS Retirement Reporting April 5,

2 Agenda CalPERS CalPERS website Resources (forms & publications, guides, training available) my CalPERS employer system CalPERS & CalSTRS Basics (how to verify membership, Classic vs. PEPRA, reporting history, and service credit) Forms (how to complete, checklists) File reporting What s new / future items CalSTRS CalSTRS website Resources (forms & publications, guides, training available) CalSTRS Secure Employer Website (SEW) 3 CalPERS Website Circular Letters and procedures/circular letters Forms & Publications publications Public Agency & Schools Reference Guide publications/pas ref guide.pdf Employer Training Classes center/employer education/employertraining classes 4 CalPERS & CalSTRS Retirement Reporting April 5,

3 my CalPERS Employer System ype.html Log in is required Request by ing: Include: Employee id#, HR or Payroll, Name, Phone, Fax, Check my CalPERS system for membership status as well as PEPRA status my CalPERS, Personal Information tab 5 CalPERS Membership At Appointment Membership at appointment Membership Effective Date is first working day. Permanent, Full time (40 hours per week) Full time for a temporary appointment in excess of 6 months Part time averaging at least 20 hours per week, for at least one year Currently a member of a CalPERS including membership established with another CalPERS agency (GC 20305(a)(1) * Important Note: If funds are on deposit with CalPERS from previous employment compulsory membership regardless of the type of employment less than half time (GC 20281) 6 CalPERS & CalSTRS Retirement Reporting April 5,

4 CalPERS Membership Monitor Monitor for CalPERS Qualification (Employees hired for less than half time, Substitute, Short time, Temporary, Irregular basis, etc.) Membership Effective Date is the first day of the month following when 1,000 hours are completed. Worked 1,000 hours or 125 days in a fiscal year in San Diego County School Districts Compensated overtime hours are include Full time temporary position for less than 6 months Gov. Code 20305(a)(3)(B) 7 Determining Classified Membership Eligibility Is this position excluded from CalPERS membership? Student Workers Board Members Notice of Exclusion from CalPERS Membership (AESD 139): Complete the form and keep in employee s personnel file Are they a current member of CalPERS? If Yes, Membership required on date of hire Once a Member, Always a Member If not a current member of CalPERS then what is the time base of the appointment? 8 CalPERS & CalSTRS Retirement Reporting April 5,

5 Failure to Enroll in Membership GC Timely enrollment of employees into CalPERS Employees must be enrolled within 90 days of qualifying for membership If they are not enrolled in a timely manner it could result in School Districts paying both member and employer contributions Administrative fee of $ plus both employee & employer contributions Submit CalPERS form 1344 CalPERS makes the final determination. They will send letter. CalPERS posts the invoice on my CalPERS system 9 Right of CalPERS/CalSTRS Election ES372 Member of one system such as CalPERS and accepts a Qualifying position into another system such as CalSTRS, or vice versa Employer provides the ES372 to employees within 10 days of hire The Election form must be submitted to the employer within 60 days of the effective date of employment in the position requiring membership in CalPERS/CalSTRS If the member does not elect, all service must be reported to the default system Election is irrevocable for all future service at that district, for that position * Form must be received by CalSTRS within 30 days. 10 CalPERS & CalSTRS Retirement Reporting April 5,

6 What is PEPRA? Public Employees Pension Reform Act of 2013 Changes in the law in regards to: Membership Retirement formulas Employee/Employer contributions Pensionable compensation PERS Circular Letters regarding PEPRA: dated 12/3/ dated 12/11/ dated 12/27/ dated 12/31/ Definition of a new PEPRA member PEPRA defines a new member as follows: An individual who has never been a member of any California public retirement system prior to January 1, 2013 A new hire who is brought into CalPERS membership for the first time on or after January 1, 2013, and who is not eligible for reciprocity with another California Public Retirement System A member who first established CalPERS membership prior to January 1, 2013 and who is rehired by a different CalPERS employer after a break in service of greater than six months (other than schools) 12 CalPERS & CalSTRS Retirement Reporting April 5,

7 Definition of a Classic Member PEPRA defines a Classic member as follows: CalPERS refers to all members that do not fit within the definition of a new member as classic members All existing CalPERS members as of December 31, 2012, will retain the existing benefit levels for future service with the same employer Classic members are tested against the new member definition upon each new enrollment and in some cases, may become new members for services under a new appointment 13 Reciprocity CalPERS has an agreement with many California public retirement systems that allows a member to move from one retirement system to the other without loss of benefits. This is called reciprocity. These reciprocal agreements can allow a member to coordinate his/her benefits between the retirement systems at the time of retirement. Currently, a member must enter into employment with a reciprocal public agency within six months to be eligible Refer to When you change Retirement Systems Publication CalPERS & CalSTRS Retirement Reporting April 5,

8 Reciprocal Self Certification Form (PERS CASD 801) Assist districts to identify if new members are classic members due to reciprocity Make it a part of hiring procedure/policy to check if reciprocity applies Accuracy of separation & membership dates is important Complete the following information on PERS CASD 801 Name of Most Recent Reciprocal Retirement System Permanent Separation Date from most recent Reciprocal Retirement System First Membership Date in Prior California Public Retirement system that is Subject to Reciprocity 15 Reciprocal Self Certification Form (PERS CASD 801) Employer Instructions Provide the Member Reciprocal Self Certification Form to all new employees or members upon hire Employers must sign and record the date the Member Reciprocal Self Certification Form is given to the employees Employers must record the date they received the completed form back from employee (the form is due back from employees within 10 business days from the date issued) Reciprocal agencies are listed on the instruction sheet Note: It is the responsibility of the employer to retain the completed Member Reciprocal Self Certification Form in the employee s employment records Send a copy of the Reciprocal form to the county office only if it contains other system data 16 CalPERS & CalSTRS Retirement Reporting April 5,

9 CalPERS Member and Employer contributions Rates Bulletin services/financial services/retirementreporting/documents/retirement/rates1617b.pdf For PEPRA Members Employee Contribution Rate: 6% Employer Contribution Rate: % For Classic Members Employee Contribution Rate: 7% Employer Contribution Rate: % 17 CalPERS Compensation Caps Annual pensionable compensation that is used to calculate final compensation for Classic & New PEPRA members Caps will be adjusted annually based on Consumer Price Index (CPI) CalPERS Caps are on Calendar year basis Note: 2016 Classic Compensation Cap: Applies to employees who became a CalPERS member on or after July 1, 1996 Section 401(a)(17) : $270, CalPERS & CalSTRS Retirement Reporting April 5,

10 CalPERS PEPRA Compensation caps 2016 PEPRA Limits: Cap for members with social security: $118,775 Employee & Employer s contributions due up to the cap limit Report full pay rate & all reportable wages to CalPERS No impact to service credit 19 CalPERS Benefit formulas Classic Benefit Formula 2% at 55 Maximum Benefit Factor 2.5% at 63 Minimum Retirement Age 50 with 5 years of service PEPRA Benefit Formula 2% at 62 Maximum Benefit Factor 2.5% at 67 Minimum Retirement Age 52 with 5 years of service 20 CalPERS & CalSTRS Retirement Reporting April 5,

11 Three Year or One Year Final Compensation PEPRA Members Final compensation will be based on average of three consecutive highest year pay rate Classic Members Final compensation is based on one highest year pay rate 21 Creditable Compensation For CalPERS Report CalPERS members payments to CalPERS only if they meet all of the following criteria: Pay is part of the normal monthly rate of pay or base pay Pay is paid in cash to similarly situated members of the same group or class of employment Pay is for services rendered during normal working hours Pay is paid pursuant to publicly available pay schedule No substitute documents in lieu of publicly available salary schedules 22 CalPERS & CalSTRS Retirement Reporting April 5,

12 Pensionable compensation Pensionable Compensation for PEPRA members: Excluded: Bonuses Uniform allowances Bus Drivers Out of Class One time payments Reimbursements for housing and vehicles For Classic members: Refer to California Code of Regulations (CCR) section 571 for a list of special compensation items 23 CalPERS Calendar Hours (CHRS) Retirement contributions calculated on regular earnings up to full month Any regular earnings over full time are not reportable to CalPERS PeopleSoft, HCM System uses CalPERS Calendar Hours (CHRS) Entered annually by Retirement Reporting unit 24 CalPERS & CalSTRS Retirement Reporting April 5,

13 Overtime Pay Only Report the overtime hours up to 40 hours/week (up to full month service) Only report the Straight time rate Only report the straight time earnings GC CalPERS Overtime Position Under San Diego County School Districts Full time at one district & a part time at another district OR Multiple Part time positions Enroll in CalPERS system CalPERS will inform us when to change one of the positions to noncontributory CalPERS position 26 CalPERS & CalSTRS Retirement Reporting April 5,

14 Multiple Positions (Overtime) Overtime for school members is the aggregate service performed by an employee as a member for all school employers and in all categories of employment in excess of 40 hours of work per week, and for which monetary compensation is paid If a member concurrently renders service in two or more positions, one or more of which is full time, the position with the highest pay rate or base pay shall be reported to this system This provision shall apply only to service rendered on or after July 1, Inaccurate Payroll Reporting Report payroll in the month it was earned or it may cause: Service credit accrual discrepancies Service credit inaccuracies Delays in member retirement processing Inaccurate retirement estimates Incorrect payment of benefits Loss of interest income A delinquency fee for late payroll reporting 28 CalPERS & CalSTRS Retirement Reporting April 5,

15 The Importance of Correct & Timely Payroll Monthly Retirement Allowance: Service Credit X Benefit Factor X Final Comp Two of the three factors used in calculating a monthly Retirement allowance are from the Payroll data submitted by the district 29 PERS/STRS Full Year Service Credit PERS one full year service credit is earned when a member works: 10 full months of service in a fiscal year 1720 hours in a fiscal year 215 days in a fiscal year 30 CalPERS & CalSTRS Retirement Reporting April 5,

16 CalPERS Terminations/Separations Only It is imperative that an employer report a permanent separation when an employee retires or otherwise ends employment with your school district regardless of the reason All transactions within my CalPERS, including health & retirement, rely on the permanent separation date to be reported to determine proper benefit eligibility and cost for both employer and member CalPERS separation day will be a day after the last day worked The Retirement Reporting unit may need to add a day to the separation day for CalPERS reporting 31 my CalPERS Certification of Unused Sick leave Employers are required to permanently terminate members when they end their employment at their respective school district Separations Retirements Employers must certify unused sick leave on the AESD 2 form Sick leave is added to the separation on my CalPERS 32 CalPERS & CalSTRS Retirement Reporting April 5,

17 Public Employees Pension Reform Act (PEPRA) AB340 Retirees Effective January 1, 2013, 180 day wait period applies only where the post retirement employment occurs with an employer in the same public retirement system from which the retiree retired There are two exclusions to this rule: A retiree that is appointed to a state board or commission A retiree who is already working as a retired annuitant prior to January 1, 2013 does not have to stop working to serve the 180 day wait period 33 Employment of a CalPERS Retiree Enroll CalPERS retiree Report retirees payroll to CalPERS but no contributions Hourly pay rate, no benefits Must not exceed 960 hours in a fiscal year Performed for a limited duration, extra help As of 1/1/2013 must have 180 day break in service PERS notifies retirees when they reach 700 hours and another notification when they reach 960 hours 34 CalPERS & CalSTRS Retirement Reporting April 5,

18 Consequences of Unlawful Employment PERS Retiree s Responsibility before accepting employment Check if it is CalPERS employer Inform Employer you are CalPERS Retiree Employment is in compliance with CalPERS law If employment is in violation of CalPERS law: May be mandatory reinstatement retro active to date of unlawful employment Reimburse Retirement Allowance Pay Member s contributions + Interest+ Administrative expenses 35 Consequences of Unlawful Employment Employers who filled the position in violation of CalPERS law are liable for: Employer contribution retroactive back Interest Administrative Expenses GC 21220/21202/ CalPERS & CalSTRS Retirement Reporting April 5,

19 CalPERS Forms How to complete See separate handout 37 CalPERS Forms/Publications Recommended Publications School member Benefit publication (PUB 2) A Guide to Your CalPERS Service Credit Purchase Options (PUB 12) When you Change Retirement Systems (PUB 16) Employment After Retirement (PUB 33) Pension Reform Impacts Page on CalPERS Website Planning Your Service Retirement (PUB 1) 38 CalPERS & CalSTRS Retirement Reporting April 5,

20 CalPERS What s New / Future Items Retirement Appointment Reconciliation Page in my CalPERS Primarily to clean up separations Updated the first weekend of the month Retirement Reporting unit will export spreadsheets and send to school districts School districts will return with separation date Retirement Reporting unit will enter separation dates in my CalPERS 39 CalPERS End of CalPERS section Questions? 40 CalPERS & CalSTRS Retirement Reporting April 5,

21 CalSTRS Website CalSTRS Website Employer Information Circulars information circulars Employer and Administrative Directives and administrative directives Forms /Pages/Order.aspx Publications CalSTRS Secure Employer Website (SEW) Log in required Registered on CalSTRS website Complete and fax security forms Use REAP to look up certificated employees for membership status as well as PEPRA status 42 CalPERS & CalSTRS Retirement Reporting April 5,

22 CalSTRS Defined Benefit (DB) & Defined Benefit Supplemental(DBS) Regular Defined Benefit (DB) plan Calculated retirement benefit based on age, years of service and highest final compensation Defined Benefit Supplemental (DBS) plan Lump sum Refund OR Monthly Annuity Payment 43 Defined Benefit Supplemental (DBS) Defined Benefit Supplement account receives funds from two sources: For & Member s contributions and employer s contributions from earnings in excess of one year are credited to members Defined Benefit Supplement account. For Special limited term payments or one time retirement incentive payments: Member s contributions & employer s contributions on these payments are credited directly to the Defined Benefit Supplement account. 44 CalPERS & CalSTRS Retirement Reporting April 5,

23 CalSTRS Membership Automatic Automatic membership at appointment. Membership effective date is the first working day. Full time contract EC Part time 50% or more Contract (complete ES350) EC Currently a member of CalSTRS from previous employment EC * Important Note: If funds are on deposit with CalSTRS from previous employment compulsory membership regardless of the type of certificated employment less than half time (EC 22500) 45 CalSTRS Membership Monitor Cert Part time: Worked 60 Hours/10 Days in a single district in one month, EC First day of the month following in which 60 hours are completed. Certificated Subs: Worked 100 Days in a single district in a fiscal year, EC First day of the month following in which 100 days are completed. Must work in that fiscal year after 100 days are completed. Permissive Election any time, EC * First day of the month following the date the form is signed. 46 CalPERS & CalSTRS Retirement Reporting April 5,

24 Things to look for at the point of hire Does the position require California credential, permit or certificate? Are job duties CalSTRS creditable? What is the time base Such as Base days, Base hours? Were they members of another retirement system? Do they have Right of CalPERS/CalSTRS Election? If Retired, from which system? 47 CalSTRS Membership Qualification Hired for less than half time and did not elect into CalSTRS membership voluntarily Non members are brought into membership if and when the following conditions are met: 10 Days in a single district in one month (long term, part time, paid contract daily rate) 60 Hours in a single district in one month Substitutes qualify into CalSTRS membership if & when the following conditions are met: 100 Days in a single district in a fiscal year 48 CalPERS & CalSTRS Retirement Reporting April 5,

25 Right of CalPERS/CalSTRS Election ES372 Member of one system such as CalPERS and accepts a Qualifying position into another system such as CalSTRS, or vice versa Employer provides the ES372 to employees within 10 days of hire The Election form must be submitted to the employer within 60 days of the effective date of employment in the position requiring membership in CalPERS/CalSTRS If the member does not elect, all service must be reported to the default system Election is irrevocable for all future service at that district, for that position * Form must be received by CalSTRS within 30 days. 49 CalSTRS Benefit Formulas STRS PEPRA Benefit Formula 2% at 62: First hired to perform creditable activities on/after 01/01/2013 CalSTRS old 60 Benefit Formula First hired to perform activities subject to coverage by DB program on or before December 31, CalPERS & CalSTRS Retirement Reporting April 5,

26 STRS Members & Social Security STRS members do not contribute into Social Security Employees who do not participate in a qualified retirement plan such as CalSTRS pay social security unless district participates in an alternate retirement plan such as FBC 3121 Plan, PARS, Apple, or CalSTRS Cash Balance 51 Creditable Compensation Education Code Section Creditable compensation regulations were last revised on 1/1/2015 It is creditable compensation if the: Position is eligible to receive state apportionment and Position requires California credential, certificate or permit and Assignments meet the definition of creditable service 52 CalPERS & CalSTRS Retirement Reporting April 5,

27 Creditable & Non Creditable compensation CalSTRS AB 2700 Guide: CalSTRS has discontinued this guide for deciding creditable service Creditable compensation regulations were last revised on 1/1/2015 Refer to Teacher s Retirement Law Different payments are treated differently at times based on other situations/conditions/criteria 53 CalSTRS PEPRA Creditable Compensation Report creditable compensation paid to CalSTRS 2% at 62 that meets the definition of creditable compensation under Education Code section and Government Code section Pay schedules may include individual employment contracts or agreements, salary schedules or publicly available documentation 54 CalPERS & CalSTRS Retirement Reporting April 5,

28 CalSTRS PEPRA Creditable Compensation 55 CalSTRS PEPRA Compensation Cap A limit on compensation used to calculate benefits for CalSTRS 2% at 62 PEPRA formula The compensation cap is on Fiscal year basis Cap will be adjusted annually based on the changes in Consumer price index (CPI) Report the full compensation earnable and actual compensation earned No Employee & Employer contributions over the compensation cap No impact on service credit Compensation of members who earn more than one year of service credit in a school year will continue to be credited to the DBS program 56 CalPERS & CalSTRS Retirement Reporting April 5,

29 Coaching Assignment A classified assignment California Ed Code (b): A person who holds a teaching credential in a subject or subjects other than physical education may be authorized by action of the local governing board to coach one period per day in a competitive sport for which students receiving physical education credit, provided that he or she is a full time employee of a school district and has completed a minimum of 20 hours of first aid instruction appropriate for the specific sport (6) Creditable Service School activities related to, and an outgrowth of, the instructional and guidance program of the school when performed in addition to other activities described in this section Coaching assignment CalSTRS creditable only if performing active CalSTRS creditable assignment 57 STRS members can be paid on Monthly Basis Hourly Basis Daily Basis Pay rates PeopleSoft, HCM system converts hourly and daily rates to annual rates for CalSTRS by using district districts certificated calendar days (CDAYS) Accuracy of reporting actual rate is extremely important Pay rates are used to calculate service credit & retirement benefit 58 CalPERS & CalSTRS Retirement Reporting April 5,

30 CalSTRS Retirement Report F496 File The County s Retirement prepares report for Sacramento office based on School District payroll input Contains Payroll data: Members Non members (e.g. Hired for less than half time in a position that requires credential) Retirees Part time hourly, part time daily, Substitutes hourly, Substitutes daily 59 CalSTRS Retirement Contribution Rates & Earnings Cap Members 2% at 60 (Classic Formula): 10.25% Members 2% at 62 (PEPRA Formula): 9.205% Employer Rate : 12.58% 2% at 62 (PEPRA) Compensation Cap Fiscal Year : $139,320 Certificated employees do not contribute into social security Note: % at 60 Compensation Cap: Applies to employees who became a CalSTRS member on or after July 1, 1996 Section 401(a)(17) : $265, CalPERS & CalSTRS Retirement Reporting April 5,

31 One year or Three year final compensation For 2% at 60 (Classic Formula) For members retiring with 25 years or more of credited service, final compensation is the highest average annual compensation earnable for any 12 consecutive months Members with less than 25 years of credited service, final compensation is the highest average annual compensation earnable for any 3 years or 36 months For 2% at 62 members (PEPRA Formula) Final compensation may only be averaged over at least three highest consecutive school years 61 Career Factor CalSTRS Additional Benefit For members with 30 or more years of credited service, a career factor of up to an additional 0.2 percent of final compensation per year of credited service is added to the age factor The maximum benefit is 2.4% of final compensation 2% at 60 Longevity bonus, if members qualified for the longevity bonus on or before December 31, CalPERS & CalSTRS Retirement Reporting April 5,

32 Basic Unused Sick leave Full time educator s sick leave credit is calculated by dividing the number of accumulated unused sick leave days, as certified by the last employer, by the number of base service days, excluding school and legal holidays, required to complete the last school year: Accumulated Days of Unused Sick Leave / Number of Base Days for Full time Service* = Service Credit Granted For an administrator, add the vacation days per contract year For part time, the base service days are calculated in proportion to the full time equivalent. Education Code Section one day leave per pay period 63 Excess Sick Leave Excess Sick Leave number of days in excess of basic sick leave Employers are required to report basic and excess separately at retirement Sick leave reporting should conform to standards in Ed. Code Last employer pays present value for the excess sick leave service credit at retirement Present value figure is updated annually EC CalPERS & CalSTRS Retirement Reporting April 5,

33 CalSTRS Full Year Service Credit CalSTRS one full year service credit is earned when a member works their FTE earnable contract => CalSTRS minimum standard Calculation is: Earnings divided by Pay rate divided by pay code = the monthly service credit amount All 12 months are added together Excess of 1.0 is transferred to DBS 65 Rehire Options of CalSTRS Retiree Independent Contractor, if applicable (Subject to CalSTRS Earnings limitation) In a Classified position in a public school system if meets the requirement of Education Code 45134(C) or Instructional (teacher s) Aide Position In a Certificated position Earnings limitations & Exemptions apply. 66 CalPERS & CalSTRS Retirement Reporting April 5,

34 STRS Employer Directive Purpose of the Employer Directive: Inform employer of the post retirement earnings limitations CalSTRS Earnings Limitation for services performed on behalf of the California Public School System, July 1,2016 June 30, 2017: $41,732 Legislative changes to the post retirement earnings law Employer s responsibility to inform CalSTRS retirees about earnings limitations (Section 22461) Employers to report post retirement earnings with correct codes to CalSTRS (Section 22461) Financial implications of exceeding the earnings limit (Section 24214(g)) Retirement incentive restrictions & Classified position restrictions 67 PEPRA (AB 340) Restrictions New restrictions apply to members who retire on or after January 1, 2013 The $0 earnings limit applies to all members whose most recent retirement is on or after January 1, 2013 regardless of their age for the first 180 days after the members most recent retirement 68 CalPERS & CalSTRS Retirement Reporting April 5,

35 Exemption from the Separation from Service Retirement (180 Day Zero Dollar Limit) The retired member must be of normal retirement age (60) when the compensation is earned The exclusion from180 day rule applies if the appointment is necessary to fill a critically needed position. The governing body of the employer approves the appointment in a public meeting The member did not receive any financial incentives to retire The members termination of service was not the cause of the need to acquire the services of the member The Resolution is adopted prior to the retired member performing duties The exemption form# SR1897 must be received by CalSTRS prior to the retired member performing post retirement activities 69 Retired from CalPERS/CalSTRS Concurrently Which Rules apply: Government Code or Education Code If hired in certificated position CalSTRS Rules apply If hired in classified position Can work only as Instructional Aide CalPERS rules apply If there was a CalPERS/CalSTRS right of election, contact CalPERS/CalSTRS for rules regarding employment after retirement 70 CalPERS & CalSTRS Retirement Reporting April 5,

36 Not subject to Social Security tax if Position is not covered by a Section 218 Agreement and; Position is covered by the same retirement system he/she retires from. Medicare tax will apply if re hired after March 31, CalSTRS Reduced Workload Program (RWP) The RWP is designed for Defined Benefit Program members who are nearing retirement and want to ease into retirement by working less than full time Eligibility Qualifications and Requirements Both employer and member contributions are due as if the member was working full time The reduced workload must be at least one half of the time required for full time employment. CalSTRS approval is required prior to participation GC 20905, Ed Code 22713, & CalPERS & CalSTRS Retirement Reporting April 5,

37 Exchange or Sojourn Certificated Employee Ed Code Definition of Exchange Certificated Employee Ed Code Definition of Sojourn Certificated Employee Persons serving as exchange teachers or sojourn teachers from outside of this state are excluded from membership in the CalSTRS plan Ed Code CalSTRS Forms How to complete See Separate Handout STRS has discontinued processing Change of Base form E CalPERS & CalSTRS Retirement Reporting April 5,

38 CalSTRS What s New / Future Items New Pension Solution Project Retirement Reporting unit participating in Employer Forums Webinars have been held for all school districts Training begins in the fall of CalSTRS End of CalSTRS section Questions? 76 CalPERS & CalSTRS Retirement Reporting April 5,