Teachers' Retirement Fund
The Teachers’ Retirement Fund is a special trust fund established by law that holds the assets of the following programs:
- Defined Benefit
- Defined Benefit Supplement
- Cash Balance Benefit
The assets come from contributions by members, employing school districts and the State of California. The fund’s investments create a stream of income to add to those assets.
The CalSTRS investment portfolio includes stocks, bonds, real estate and short-term investments.
Read more about this topic: Cal STRS
Famous quotes containing the words retirement and/or fund:
“Convent. A place of retirement for women who wish for leisure to meditate upon the sin of idleness.”
—Ambrose Bierce (1842–1914)
“School success is not predicted by a child’s fund of facts or a precocious ability to read as much as by emotional and social measures; being self-assured and interested: knowing what kind of behavior is expected and how to rein in the impulse to misbehave; being able to wait, to follow directions, and to turn to teachers for help; and expressing needs while getting along with other children.”
—Daniel Goleman (20th century)