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Business - Changes to CalSTRS Creditable Compensation

On January 1, 2015, new regulations adopted by the California State Teachers' Retirement System ("CalSTRS") will go into effect and significantly impact what forms of compensation CalSTRS will consider to be creditable.  The new regulations will apply only to CalSTRS members who were not subject to the Public Employees' Pension Reform Act of 2013 ("PEPRA"), meaning that it will apply to employees who became CalSTRS members before January 1, 2013.  They will affect compensation earned for creditable service on or after January 1, 2015.

Recently district business officials, payroll staff, and personnel/HR staff participated in a creditable compensation roundtable to discuss the impact of the new regulations.  Over the next few months, follow up roundtables and trainings are being planned, including legal workshops from Lozano Smith for district personnel.  Details TBD.