State Teachers' Retirement System (STRS) - Definition & Meaning

The State Teachers' Retirement System (STRS) is a government-operated pension fund designed to provide retirement, disability, and survivor benefits to educators and school employees. Established with the goal of ensuring financial security for teachers, STRS manages contributions from both educators and their employing school districts. Through prudent investment strategies, STRS aims to generate returns that sustain its pension obligations. This system plays a crucial role in attracting and retaining qualified teaching professionals by offering them a reliable retirement plan. As an essential component of the education ecosystem, STRS contributes to the overall well-being of teachers and supports the stability of the education sector.

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