California State Teachers' Retirement System (CalSTRS) - Definition & Meaning

The California State Teachers' Retirement System (CalSTRS) is a state agency and retirement system in California, specifically dedicated to providing retirement, disability, and survivor benefits to public school educators and their beneficiaries.
CalSTRS serves a broad range of educational professionals, including teachers, school administrators, and other eligible staff in California's public school systems.
The system is funded through contributions from both educators and their employers, as well as investment returns on the assets held in the retirement fund.
CalSTRS plays a crucial role in supporting the financial well-being and retirement planning of educators, recognizing their significant contributions to the education of California's students.

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