Mr. John Murphy, Cal-STRS Benefits Counselor, Makes Presentation at PFA Office
On Thursday May 22 Mr. John Murphy of Cal-STRS put on a presentation on the STRS program at the PFA office.
The event was well-attended and provided everyone there with a wealth of information on our retirement system.
One of the most important bits of information Mr. Murphy passed on to us has to do with the solvency of the STRS program, a question that has been raised by several of our members: Is the STRS system on solid financial ground? The answer from Mr. Murphy is an unequivocal yes. According to Mr. Murphy, STRS present balance is $183.8 billion dollars, its highest ever. This amount ensures that STRS can meet its present obligations for the next 38 years.
We are planning to have Mr. Murphy return to do another presentation in the fall, so if you missed this one you’ll have another chance then.
You can get more information on Cal-STRS by going to the Cal-STRS website at www.CalSTRS.com or by calling the local Cal-STRS office in Santa Maria, 805-928-0542.
Mark James Miller, President, Part-Time Faculty Association of Allan Hancock College, CFT Local 6185, Santa Maria, CA