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:
“Adultery itself in its principle is many times nothing but a curious inquisition after, and envy of another mans enclosed pleasures: and there have been many who refused fairer objects that they might ravish an enclosed woman from her retirement and single possessor.”
—Jeremy Taylor (16131667)
“I am advised that there is an unexpended balance of about $45,000 of the fund appropriated for the relief of the sufferers by flood upon the Mississippi River and its tributaries, and I recommend that authority be given to use this fund to meet the most urgent necessities of the poorer people in Oklahoma.”
—Benjamin Harrison (18331901)