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Inventory of the State Teachers' Retirement System Records
F3919:1-71  
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Collection Details
 
Table of contents What's This?
  • Descriptive Summary
  • Administrative Information
  • Administrative History
  • Scope and Contents Note
  • Indexing Terms

  • Descriptive Summary

    Title: State Teachers' Retirement System records,
    Date (inclusive): 1920-1988
    Collection number: F3919:1-71
    Creator: State Teachers' Retirement System
    Extent: 3.5 cubic feet
    Repository: California State Archives
    Sacramento, California
    Abstract: This record group includes bill files and subject files of the California State Teachers' Retirement System, including information on its method of organization, its rules, and members' benefits.
    Language: English.

    Administrative Information

    Access

    Collection is open for research.

    Publication Rights

    For permission to reproduce or publish, please contact the California State Archives. Permission for reproduction or publication is given on behalf of the California State Archives as the owner of the physical items. The researcher assumes all responsibility for possible infringement which may arise from reproduction or publication of materials from the California State Archives collections.

    Preferred Citation

    [Identification of item], State Teachers' Retirement System records, F3919:1-71, California State Archives, Office of the Secretary of State, Sacramento, California.

    Acquisition Information

    The California State Archives aquired the State Teachers' Retirement System Records after standard review.

    Administrative History

    In 1913, a retirement system known as the Public School Teachers' Retirement Salary Fund and Permanent Fund was established under Chapter 694. The system's purpose was to provide retirement salaries to public school teachers who were involved in and planned to retire from the California state school system. The Retirement Salary Fund Board was in charge of administering the benefit programs of the retirement system and the funds associated with them. This Board was one of the functions of the State Board of Education. Not until 1963 did the system's controlling board become independent of the Department of Education.
    From 1916 to 1935, the retirement agency's funds dwindled due to the agency's reliance on inheritance tax as its major source of revenue. Because the system's funding was too low to supply its members with beneficial pensions, teachers began to lose the incentive for contributing as members to this agency. Then, in 1935, the new Annuity Deposit Fund was added to the retirement program. It collected additional funds from the teachers for investment purposes. Members had to contribute as additional 4% of their salary to this new fund, and the benefit they received was life annuity based on their own accumulated contributions.

    Scope and Contents Note

    This record group includes bill files and subject files of the California State Teachers Retirement System, including information on its method of organization, its rules, and members' benefits. The subject files include correspondence with assemblymembers, governors, superintendents of schools, and organizations such as the California Teachers Association. The material also includes debates over benefits given to members. The Teachers Retirement Board controlled the agency. Board members, most often the Chief Executive Officer, attended other organizational meetings such as those of the CTA or the California Retired Teachers Association, from whom they received opinions and proposals on changes that should have been made in STRS. Financial records are prominent throughout the files, especially investment records. Meeting minutes, pamphlets and newspaper articles that mention STRS are also included.

    Indexing Terms

    The following terms have been associated with these materials in the Archives' automated public access system (currently in development, December 2004).

    Subjects

    Retired Teachers
    California Teachers Association
    State Teachers' Retirement System