Posts Tagged: excess

CalSTRS eyes hike in death benefit

Students in a classroom get instruction from a teacher. (Photo: Areipa.It, Shutterstock)

by ED MENDEL posted 09.09.2015

Because the system is underfunded, the CalSTRS board has made no inflation adjustment in the death benefit since 2002. The board was told that it could have increased the death benefit by about 34.7 percent during the period.

Calpensions.com: The bill said to represent three years of talks mainly between the IRS and the Orange County system, the informal leader in the negotiations, moved out of the Assembly public employees retirement committee with no discussion.