CTA believes all public employees and education employees in particular deserve secure retirement benefits with defined and equitable benefits. Both the California State Teachers’ 退休 System (CalSTRS) and the Public Employees’ 退休 System (CalPERS) should remain autonomous contributory systems providing a single tier of benefits to all employees.
Two Distinct Public Employee 退休 Systems
California must maintain and keep strong its two defined benefit systems, the California State Teachers 退休 System (CalSTRS) and the California Public Employees’ 退休 System (CalPERS) for employees from pre- kindergarten through higher education. Both systems should offer equal benefit structures and equal costs. All future members of CalSTRS and CalPERS are entitled to the same basic benefit structure provided for current members.
Defined benefit retirement plans offer a moderate but secure retirement based upon a formula that will last for the members’ lifetime. Efforts to eliminate defined benefit retirement plans in favor of 401(k) style retirement plans should strongly be resisted.
Benefit improvements must be applied on an equitable basis to all members and beneficiaries of CalSTRS/CalPERS. 临时福利增加, which aid one group of members to the disadvantage of another group of members, 应该抵制.
Contributory 退休 Systems
The two public retirement systems must be contributory systems with costs shared by the employer, 员工和国家. The 退休 Fund must be an inviolate trust fund solely for the benefit of members, 退休人员或幸存者, without special consideration for any person or agency, 包括国家. The actuarial integrity of the CalSTRS/CalPERS Defined Benefit Program must be retained with full benefits maintained in any proposals to modify or create an alternate retirement system.
退休, Disability And Family Benefit Allowances
退休, Disability and Family Benefit Allowances must include adequate protection against inflation, either indexed to the California Consumer Price Index (CCPI) or realistic replacement value of the original allowance.
The California State Teachers 退休 System should be an independent state agency headed by an independent teacher-majority board and administered by an executive officer not subject to political control.
In states where teachers have a choice between a pension and a savings plan (like a 401k), they overwhelmingly choose a pension. See below for resources and information on the benefits of pensions.
新教师: Three Things You Need to Know Now About 退休
你是新老师吗? It’s never too early to start thinking about retirement. Check out this resource from NEA today.
The Intersection of the Teacher Pipeline, 养老金, and Teacher Retention
“Secure pension plans remain a critical component of maintaining a stable, long-term teaching workforce that is firmly rooted in their communities.”
养老金 Work Best for Our Schools, Communities and Educators
“Claims that teachers would be better served in 401k’s is simply not credible, with the only winner being Wall Street interests who collect higher fees through 401k-type plans.”
Additional Resources and Information on 养老金
- National Institute on 退休保障 – routinely features new studies and analysis on retirement in the United States
- National Public Pension Coalition 视频系列
- National Public Pension Coalition 报告
- National Conference on Public Employee 退休 Systems 研究和出版物
- UC Berkeley Labor Center 退休保障 研究和分析