7920 State Teachers' Retirement System
Mission Statement

Effective July 1, 2013, the Governor's Reorganization Plan No. 2 of 2012 creates the Government Operations Agency and, as part of the plan, moves the California Teachers' Retirement System (CalSTRS) (previously budgeted within State and Consumer Services Agency under Organization Code 1920) to this new Agency (Government Operations).

CalSTRS administers retirement benefits for about 862,000 (as of June, 2012) active and retired educators in public schools from pre-kindergarten through the community college system in California. Benefits include retirement, disability, and survivor's retirement benefits.

CalSTRS is governed by a Board of Administration. The California Constitution provides that the Board of Administration has authority over the administration of the retirement system; therefore, while the budget data presented here is subject to a Budget Act appropriation, the proposed appropriations are not reviewed or approved by the Governor.