C A L I F O R N I A S TAT E T E A C H E R S ’ R E T I R E M E N T S Y S T E M

S E M I A N N U A L N E W S L E T T E R F O R C a l S T R S B E N E F I T R E C I P I E N T S

Also inside:

2016 Summary Report to Members

I N S I D E

2 A Special Needs Trust Can Now Be Designated as an Option Beneficiary

2 Member Service Center Opens in San Diego

3 Pay Dates for 2017

4 CalSTRS Adopts New Economic, Demographic Assumptions; Continues Progress Toward Long-Term Funding Goal

5 How Are You Spending Your Retirement: Marilyn Reynolds

6 Access Your Benefit Information Online, Any Time

6 CalSTRS Investments Receives Top Honors

7 403bCompare: Redesigned and Easier to Use

Understanding Your 1099-RYou should have received your IRS Form 1099-R for tax year 2016 in the mail in early February. The following questions and answers will help you read and understand your form.

What payments are included on my 1099-R?Your 1099-R reports the total amounts CalSTRS paid you in 2016 (January 1, 2016, through December 31, 2016).

Why do I have more than one 1099-R?If you received more than one type of payment from CalSTRS in 2016, such as your monthly benefit and a lump-sum payment, you received a 1099-R for each.

A small number of retired members also receive W-2 forms for the portion of their CalSTRS benefit that exceeds the annual limit set by Internal Revenue Code section 415(b). In addition, you may receive 1099-Rs for your retirement income from other financial institutions reporting other income from retirement plans such as 403(b)s, 457(b)s, IRAs, annuities and others.

What if I repaid an overpayment?Members occasionally receive an overpayment of their monthly CalSTRS benefit that they must pay back. When the overpayment and repayment occurred determines how your income gets reported.

Repaying funds reported as income in a previous tax year may mean you can recover taxes you paid on that income. If you repay a previous year’s overpayment, CalSTRS normally sends you a letter acknowledging the repayment, in addition to your 1099-R. For example, if you received an overpayment in 2015 and repaid us in 2016, you will receive a letter acknowledging the repayment. Keep this letter for your 2016 tax return. Consult a professional tax adviser for additional information on how to use this information on your tax returns.

continued on page 3

W I N T E R 2 0 1 7

Teachers’ Retirement Board Dana Dillon, Chair Sharon Hendricks, Vice Chair John Chiang Michael Cohen Joy Higa Harry M. Keiley Paul Rosenstiel Tom Torlakson Thomas Unterman Nora E. Vargas Betty Yee

Jack Ehnes Chief Executive Officer

Christopher J. Ailman Chief Investment Officer

Laura Martin Editor

Ngan Bui Designer

Contributors Christie Frentzel John Maradik-Symkowick Michael Sicila Michael T. Wilson

Statements in this publication are general and the Teachers’ Retirement Law is complex and specific. Nothing contained in this publication should be construed as legal advice. If a conflict arises between information contained in this publication and the law, the law prevails.

CalSTRS Retired Educator is published twice a year for retired members and benefit recipients of the California State Teachers’ Retirement System. Send your comments or suggestions to: Editor, Communications CalSTRS P.O. Box 15275 MS 34 Sacramento, CA 95851

printed on recycled paper

2 • CalSTRS Retired Educator • WINTER 2017

A Special Needs Trust Can Now Be Designated as an Option BeneficiaryUnder a new law effective January 1, 2017, Defined Benefit Program members and Cash Balance Benefit Program participants may designate a special needs trust, sometimes called a supplemental needs trust, as an option or annuity beneficiary to provide an ongoing benefit to a disabled individual.

Assembly Bill 1875 (Chapter 559, Statutes of 2016) also allows members and participants to change an existing option or annuity beneficiary to a special needs trust without penalty, if the trust’s beneficiary is the same as the previously named option or annuity beneficiary.

In the past, option beneficiaries could only be a person or persons. If members or participants wished to provide a lifetime benefit to a disabled person, they could not do so without jeopardizing that individual’s eligibility for other public benefits and services. A special needs trust shields the assets and income of disabled individuals and protects their eligibility for other public benefits and services.

If you wish to designate a special needs trust as your beneficiary or change an existing option election, send us a secure email using your myCalSTRS account or at CalSTRS.com/contactus.

San Diego Member Service Center Photo by Clarissa Resultan, CalSTRS

Our sixth member service center is now open in San Diego’s Mission Valley region—a large member population area that offers immediate access to multiple freeway interchanges.

Services at the center include:

• Ample parking for CalSTRS members.

• Drop off and review of all CalSTRS forms.

• Convenient hours of operation: Monday through Friday, 8 a.m. to 5 p.m. (except for state and federal holidays).

• General walk-in assistance.

• CalSTRS publications and forms.

The San Diego Member Service Center is located at 9095 Rio San Diego Drive, Suite 350. Call 800-228-5453 (select option 3) for appointments.

Member Service Center Opens in San Diego

WINTER 2017 • CalSTRS Retired Educator • 3

Pay Dates for 2017The tables below show the pay dates for CalSTRS benefits checks in 2017. Payments are made in arrears, so the payment you receive each month is the payment for the prior month’s benefit. The State Controller’s Office issues the payments and determines the check mailing and direct deposit dates.

Check Mailing Date

Benefit Month

Southern California and Out of State*

Northern California**

Direct Deposit Date

March 2017 03/27/2017 03/30/2017 03/30/2017

June 2017 06/27/2017 06/30/2017 06/30/2017

September 2017 09/26/2017 09/29/2017 09/29/2017

December 2017 12/27/2017 01/02/2018 01/02/2018

2017 Supplemental Benefit Payment DatesPayments are made to members and beneficiaries whose current benefit is worth less than a specified percent of the original benefit when adjusted for increases in the California Consumer Price Index. The percentage is currently set at 85 percent.

What If Your Payment Hasn’t Arrived Yet?

Direct DepositIf you have direct deposit, your financial institution has until the close of the direct deposit date to place the funds in your account. Please contact your financial institution to find out what time it places your funds into your account.

Paper ChecksIf your benefit check is mailed to you and you have not received it by the fifth business day of the month, contact us at 800-228-5453.

2017 Pay DatesCheck Mailing Date

Benefit Month

Southern California and Out of State*

Northern California**

Direct Deposit Date

January 2017 01/27/2017 01/30/2017 02/01/2017

February 2017 02/24/2017 02/27/2017 03/01/2017

March 2017 03/29/2017 03/30/2017 03/30/2017

April 2017 04/27/2017 04/28/2017 05/01/2017

May 2017 05/30/2017 05/30/2017 06/01/2017

June 2017 06/28/2017 06/29/2017 06/30/2017

July 2017 07/28/2017 07/28/2017 08/01/2017

August 2017 08/29/2017 08/30/2017 09/01/2017

September 2017 09/27/2017 09/28/2017 09/29/2017

October 2017 10/27/2017 10/30/2017 11/01/2017

November 2017 11/28/2017 11/29/2017 12/01/2017

December 2017 12/28/2017 12/28/2017 01/02/2018

Understanding Your 1099-R (continued from page 1)

If you received an overpayment in 2016 and repaid it in 2016, the Gross Distribution box and Taxable Amount box on your 1099-R showing the total amount you received in 2016 will be adjusted accordingly, so you will not receive a letter from us.

For more information, see IRS Publication 525, Taxable and Nontaxable Income, at irs.gov.

What if I did not receive my 1099-R?Your 1099-R was mailed in late January to the mailing address on file with CalSTRS as of December 23, 2016. You can print a duplicate 1099-R from your secure myCalSTRS online account at myCalSTRS.com. You also can call, fax or email us to request a copy. If you’ve moved, remember to update your address at myCalSTRS.com.

What if I do not understand my 1099-R?To start, you will find descriptions for all of the boxes on the back of your 1099-R. You can check out the FAQs available at CalSTRS.com/tax-information. You can also contact the California Franchise Tax Board or the IRS. To reach the FTB directly, go to ftb.ca.gov or call 800-852-5711. If you have questions for the IRS, visit irs.gov or call 800-829-1040.

*ZIP Code beginning with 900-930**ZIP Code beginning with 931-961

4 • CalSTRS Retired Educator • WINTER 2017

Need Help? Here Are the Best Ways to Contact Us

Business hoursMonday–Friday 7 a.m.–6 p.m.

Best times to callWednesday, Thursday, Friday7 a.m.–10 a.m. or 4 p.m.–6 p.m

Our busiest daysMonday and Tuesday

24/7 safe and secure messaging online, anytime using your myCalSTRS account.

Activate your account today at myCalSTRS.com.

or

At its February meeting, the Teachers’ Retirement Board adopted a new set of actuarial assumptions reflecting members’ increasing life expectancies and current economic trends. The board’s actions were based on the most recent actuarial experience study, which is a periodic review of the demographic and economic assumptions used to determine the assets and liabilities of the system.

In order to maintain a realistic view of investment markets as well as future performance projections, the board reduced the assumed rate of return, also known as the discount rate, over a two-year period. The first reduction is effective immediately, changing the rate from 7.5 percent to 7.25 percent, followed by another adjustment in 2018 to move to 7 percent. The board relies on input from not only actuarial experts, but also their knowledgeable and experienced investment consultants, who specialize in monitoring performance trends and forecasting market conditions for years to come.

In April 2017, the board will be presented with an independent actuarial valuation to measure assets

and liabilities to determine the system’s funding progress based on the assumptions adopted in February. As a result of lower-than-expected 2015–16 investment returns, and changes to the assumed rate of return and mortality rates from the experience study, the June 30, 2016, actuarial valuation is likely to result in an increase in the unfunded liability of the Defined Benefit Program. Despite this projected increase, CalSTRS continues to make progress on the 2014 funding plan and anticipates the unfunded liability will be eliminated by the year 2046.

Depending on the board’s actions pertaining to the upcoming actuarial valuation, contribution rates for the Defined Benefit Program paid by CalSTRS 2% at 62 members (first hired on or after January 1, 2013) and the state of California will likely increase beginning July 1, 2017. Retired members, 2% at 60 members (first hired before January 1, 2013) and employers will not be affected by the February or April board discussions. For more information, read the February 1, 2017, news release at CalSTRS.com.

CalSTRS Adopts New Economic, Demographic Assumptions; Continues Progress Toward Long-Term Funding Goal

C A L I F O R N I A S TAT E T E A C H E R S ’ R E T I R E M E N T S Y S T E M

This summary provides important details regarding your retirement fund.

Our mission:Securing the financial future and sustaining the trust of California’s educators

2016 Summary Report to Members

F O R T H E F I S C A L Y E A R E N D E D J U N E 3 0 , 2 0 1 6

State Teachers’ Retirement Plan Statement of Changes in Fiduciary Net Position (Dollars in Thousands)

This chart illustrates the difference between the actuarial value of assets and the amount needed to pay benefits to current CalSTRS members from a funding perspective. The ratio of assets to liabilities is determined using an asset-smoothing method that considers short-term fluctuations in asset values. Therefore, the total actuarial value of assets will differ from the market value of investments for any given year.

The June 30, 2015, funding valuation shows an increase of $3.5 billion to a total of $76.2 billion in unfunded actuarial obligation (UAO) of the Defined Benefit Program due to lower investment returns as of June 30, 2015. The funded ratio remained consistent with last year at 68.5 percent.

Defined Benefit Program Funding Ratio

100%

90

80

70

60

50

40

30

20

10

02009 2010 20112006 2007 2008

88%

78%71% 69%

87%

2013

87%

2012

67% 67%

2014

69% 69%

2015

2016 20151

Net Assets Held in Trust, Beginning of Year $191,822,336 $190,312,109 Additions

Contributions (member, employer, State of California, federal government)

8,288,519 6,613,323

Investment Income 2,621,852 7,876,259Investment Expense (316,894) (300,260)

Other Income 41,519 39,580 Total Additions 10,634,996 14,228,902

Deductions Benefits and Refunds 13,148,558 12,564,596 Administrative Expenses 180,056 145,239 Other Expenses 15,231 8,840 Total Deductions 13,343,845 12,718,675

Net Increase (Decrease) (2,708,849) 1,510,227 Net Assets Held in Trust, End of Year $189,113,487 $191,822,336

1 Some reclassifications have been made to the comparative totals as of and for the year ended June 30, 2015, to conform to the presentation as of and for the year ended June 30, 2016. The reclassifications had no impact on net position or changes in net position.

2 CalSTRS Summary Report 2016

Defined Benefit ProgramAs of June 30, 2016

Members Retiring in 2016Fiscal Year 2016 2015

Number Retiring 11,374 11,278

Average Age 63.2 63.0

Average Years of Service 24.504 24.221

Average Annual Final Compensation $87,948 $84,156

Average Annual Member-Only Benefit $52,428 $49,704

Average Active Member Age and Years of Service

Fiscal Year 2016 2015

Average Age 45.4 45.5

Average Years of Service 12.1 12.2

Average Annual Salary $72,550 $69,597

AbsoluteReturn1.8%

In�ationSensitive

1.0%Cash2.9%

Global Equity54.8%

Fixed Income16.9%

PrivateEquity8.7%

Real Estate13.9%

15–20 Years 15.4%

35–40 Years 12.9%

20–25 Years 14.5%

25–30 Years18.9%

5–10 Years7.0%

10–15 Years 9.2%

40+ Years2.7%

0–5 Years1.5%

30–35 Years 17.9%

Years of Service at Retirement in 2016

Your reward—a secure retirement. Our reward—getting you there.

Membership in 2016Fiscal Year 2016 2015

Active Members 438,537 429,460

Inactive Members 187,722 184,396

Total 626,259 613,856

Service Retirement Benefits 252,672 247,353

Disability Benefits 9,940 9,848

Survivor Benefits 25,583 24,899

Total 288,195 282,100

Total Members and Beneficiaries 914,454 895,956

CalSTRS Summary Report 2016 3

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

$171,899$161,459

$118,875$129,961

$155,513 $150,611$165,820

$189,080 $191,409$188,651

Securing Your Financial Future

Assets of Programs Administered by CalSTRS As of June 30, 2016

Market Value Rate of Return1

Defined Benefit Program (in billions)

$177.33 1.6%

Defined Benefit Supplement Program (in billions)

$11.04 1.6%

Cash Balance Benefit Program (in millions)

$282.44 (0.4%)

State Teachers’ Retirement Plan Market Value of InvestmentsYears ended June 30, 2016

(Dollars in Millions)

1 One year return calculated on a gross of fees time-weighted return basis.

AbsoluteReturn1.8%

In�ationSensitive

1.0%Cash2.9%

Global Equity54.8%

Fixed Income16.9%

PrivateEquity8.7%

Real Estate13.9%

15–20 Years 15.4%

35–40 Years 12.9%

20–25 Years 14.5%

25–30 Years18.9%

5–10 Years7.0%

10–15 Years 9.2%

40+ Years2.7%

0–5 Years1.5%

30–35 Years 17.9%

State Teachers’ Retirement Plan Asset AllocationTotal Investment Portfolio of $188.7 billionAs of June 30, 2016

Portfolio values and performance results may vary from the information presented in the Basic Financial Statements of the Comprehensive Annual Financial Report due to rounding, portfolio management requirements and Generally Accepted Accounting Principles.

4 CalSTRS Summary Report 2016

Securing Your Financial Future continued

CalSTRS Resources

WEB CalSTRS.com Click Contact Us to email

myCalSTRS.com

403bCompare.com

Pension2.com

800-228-5453 7 a.m. to 6 p.m. Monday through Friday

916-414-1099 Calls from outside the U.S.

888-394-2060 CalSTRS Pension2® Personal Wealth Plan

855-844-2468 (toll free) Pension Abuse Reporting Hotline

CalSTRS P.O. Box 15275 Sacramento, CA 95851-0275

Member Services 100 Waterfront Place West Sacramento, CA 95605

Find your nearest CalSTRS office at CalSTRS.com/localoffices

916-414-5040

CALL

WRITE

VISIT

FAX

STAY CONNECTED

CashAbsoluteReturn

In�ationSensitive

PrivateEquity

RealEstate

FixedIncome

GlobalEquity

CalSTRS Returns Custom Benchmarks (the goals and standardsNet of Fees used to measure investment performance)

(2.33%) (2.51%)

5.70% 5.77%

11.11%12.62%

2.85%

4.59%4.20% 4.45%

0.24%1.22% 1.23%

0.21%

Time-Weighted One-Year Returns As of June 30, 2016

Time-Weighted Portfolio Returns and BenchmarksAs of June 30, 2016

Benchmarks are goals and standards used to measure investment performance.

1.63%

8.11% 8.36% 7.93%7.81% 7.65%8.31%

5.86%6.31%

5.59%

CalSTRS Returns Gross of Fees

CalSTRS Returns Net of Fees

Custom Benchmarks

1 Year 3 Years 5 Years 10 Years

2.04%1.35%

WINTER 2017 • CalSTRS Retired Educator • 5

What draws you to working with at-risk youth?There are a lot of kids who are disenfranchised in our society and there’s a whole lot of talent and need out there. I’ve been lucky enough to be able to continue working with such kids long after my official retirement.

What was one of the biggest accomplishments in your teaching career?In the ‘70s and ‘80s there weren’t many books that appealed to our school’s demographic. Most of the students lived hard lives and they wanted to read something that reflected life as they knew it. So I decided to try writing a book they might like to read. I had never written a book before. As the work progressed, I brought copies of each chapter into the classroom. My story was about a girl who was being abused—a real life problem that was not dealt with in young adult fiction. One of those “I hate to read” students, who had never in her life read a book, started reading my manuscript. Every day she slowly

read a few pages. When she finished, she wrote in her book reflection something like “this happened to me once and I never told anyone.”

What did that mean to you to learn that?Seeing the effect my story had on this student’s life gave me the courage and motivation to keep sending the manuscript out. Telling was rejected 23 times before it finally got published.

What happened after your first book was published? The second book I wrote was a teen pregnancy story. Then the boys in my class said I should write a story about teen dads. The result was Too Soon for Jeff, which was made into an ABC Afterschool Special starring Freddie Prinze Jr. and Jessica Alba. I wrote the script with a friend and we were nominated for an Emmy. We didn’t win, but we got to go to the after-party which was a lot of fun!

Do you have anything new in the works?In 2009 my husband was diagnosed with frontotemporal dementia. I’m working on his story because there isn’t much information published from a layperson’s perspective. My most recent book is a collection of essays about the aging process called Over 70 and I Don’t Mean MPH. Now I’m thinking about possibilities for another Hamilton High book.

What work do you do now for youth literacy?After a few years of volunteering with 916 Ink— a Sacramento nonprofit that promotes youth literacy through creative writing workshops—I initiated a pilot writing program for incarcerated youth at the Sacramento County Youth Detention Facility. I continue to work with 916 Ink’s “Find Your Voice” creative writing workshops there. The collected stories, essays and poems of these underserved writers are collectively published in beautiful books!

Marilyn ReynoldsSacramento, CA

Retired: 1993 Alhambra Unified School District

How Are You Spending Your Retirement?Celebrating Careers Well Spent

For nearly 30 years, Marilyn Reynolds taught reading at a continuation high school in Southern California. This helped shape her writing career that includes 10 books of realistic teen fiction in her True-to-Life Series From Hamilton High. The books focus on troubled teens and also earned her an Emmy nomination for a TV adaptation of one of her stories. She continues working with at-risk youth, helping them find their voices through creative writing.

6 • CalSTRS Retired Educator • WINTER 2017

Access Your Benefit Information Online, Any TimeDo you have a myCalSTRS account yet?

myCalSTRS offers easy, secure and convenient access to your accounts and CalSTRS forms. Once you register at myCalSTRS.com, your account will be active and you’ll be able to:

Sign Up for Direct Deposit—a safe, convenient way to receive your benefit payment. Sign up using your myCalSTRS account or complete the Direct Deposit Authorization form, available on CalSTRS.com/forms. Whenever you make a change to your direct deposit information, we will send you a letter and an email confirming the change.

Update Your One-Time Death Benefit Recipient Information—especially important if you’ve gone through a divorce, remarried or your family has grown since your retirement account was established.

You’ll also be able to update your contact information, view your account balances and more. Need help registering? View the interactive registration online guide on myCalSTRS.

Ombudsman Office—We’re Here for YouWorking with our members and participants, and CalSTRS employees, the Ombudsman is an essential part of our mission to sustain the trust of California’s educators. If you feel you’ve reached a roadblock in resolving an issue with CalSTRS, the Ombudsman may be able to help. Submit a message to the Ombudsman online at CalSTRS.com/contactus.

CalSTRS Investments Receives Top HonorsCalSTRS was named by Pensions & Investments, a global news source for the money management industry, as a “Best Place to Work in Money Management” for 2016. The recognition program is dedicated to identifying and recognizing the best employers in the investments industry.

“This is the second time CalSTRS has been honored, which is exceptionally meaningful given we are the only plan sponsor/asset owner to receive this award. This recognition again validates our culture, investment philosophy, and especially our outstanding team. We have built a unique workplace within the money management industry and especially within a governmental entity,” said CalSTRS Chief Investment Officer Christopher J. Ailman.

Ailman was also recognized as one of 2016’s Investors in Education by the Neighborhood Youth Association of Los Angeles. Both Ailman and CalSTRS were recognized for the support the pension system provides to California’s educators.

Additionally, Chief Operating Investment Officer Debra Smith was recognized as 2016’s black woman in business leadership by the National Coalition of 100 Black Women’s Sacramento Chapter. The 2016 Leadership in Business Award recognizes the accomplishments of black women in the financial investment services industry.

Is your 403(b) still working for you in retirement? How does it stack up compared to other 403(b) choices available to you? Good news! CalSTRS offers you a valuable resource as part of the recently redesigned 403bCompare website, making it easier than ever to help you compare plans and fees.

Since 2004, CalSTRS has been administering 403bCompare.com, as required by state law, and providing up-to-date information on 403(b) plan vendors, including fees and performance history.

403bCompare lets you easily compare 403(b) vendors and products offered by any of your former employers so you can see how your current plan measures up. Compare details like fees, investment performance and services offered in a convenient side-by-side layout to help you decide if it would make financial sense for you to roll over your funds to another plan. Even a 1 percent difference in fees can impact the value of your funds.

The redesigned site features a bold, interactive look and feel. Be sure to check out the My Next Steps tool—an easy-to-use checklist to guide you through the process of comparing and selecting 403(b) products.

At 403bCompare.com, you can also:

• Register and create your own 403bCompare account for an easy and secure way to save information about comparisons and your favorite 403(b) investment products.

• Filter through hundreds of available 403(b) plans to quickly compare details like fees, features, investment performance, and services using the Compare Products tool.

• Research information in the Help and Resources section on 403(b) and 457(b) plan fundamentals and basic financial awareness resources, as well as access an array of useful tools such as a glossary, videos, calculators and more.

Visit 403bCompare.com today and explore your options.

403bCompare: Redesigned and Easier to UseCompare products online to see how your current plan stacks up By Jack Ehnes, CalSTRS CEO

Did You Know: The principal environmental issue CalSTRS Investments staff considered in 2014–15 was CalSTRS’ exposure to fossil fuel companies and if, or to what degree, the activities of these companies presented a material risk to the CalSTRS Investment Portfolio. As of June 30, 2015, CalSTRS:

• Committed $692.9 million in our Private Equity Portfolio to the clean technology and clean energy sector.

• Held 78 percent Energy Star-certified office buildings in the CalSTRS Real Estate Separate Account Portfolio ranked in the top quartile of energy efficient buildings.

• Held 68 percent LEED-certified office buildings within our Real Estate Separate Account Portfolio.

View the full CalSTRS 2014–15 Sustainability Report: Fostering a Secure Future at CalSTRS.com/2014-15-sustainability-report.

Fostering a Secure Future

CALIFORNIA STATE TEACHERS’ RETIREMENT SYSTEM

2014–15 SUSTAINABILITY REPORT

WINTER 2017 • CalSTRS Retired Educator • 7

PRSRT STDU.S. POSTAGE

PAIDPERMIT NO. 25

SACRAMENTO, CA

WEB CalSTRS.comClick Contact Us to email

myCalSTRS.com

403bCompare.com

Pension2.com

CALL 800-228-5453 7 a.m. to 6 p.m.Monday through Friday

916-414-1099Calls from outside the U.S.

888-394-2060CalSTRS Pension2®Personal Wealth Plan

855-844-2468 (toll free) Pension Abuse Reporting Hotline

WRITE CalSTRSP .O. Box 15275Sacramento, CA 95851-0275

VISIT Member Services100 Waterfront PlaceWest Sacramento, CA 95605

Find your nearest CalSTRS office at CalSTRS.com/localoffices

FAX 916-414-5040

CalSTRS Resources

STAY CONNECTED

Moved Recently?Update your contact information online using your myCalSTRS account or complete the Address Change Request form, available at CalSTRS.com/forms.

For your security, when you make a change to your mailing address, we will send you a letter and an email confirming the change.

Stay Connected in Retirement Now that you are enjoying your retirement, like us on Facebook and stay up-to-date with relevant retirement news and information.

Join the conversation at Facebook.com/CalSTRS.

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