US - The California's Teachers' Retirement System (CalSTRS) has approve principles to close its US$20bn long term funding gap and reach 100% funding.
No changes to existing benefits will be made and the system planned to increase member contributions by 0.5%. Any increases to contributions will be done incrementally over time and will begin no e...
To continue reading this article...
Join Professional Pensions
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date