Retirement System Claws Back Pensions in CA

Posted on 05/23/2023

A new report out of the Monterey Herald indicates that California State Teachers’ Retirement System (CalSTRS) has been clawing back retiree income and reducing benefits for some 9,623 teachers since 2016. Miscalculations led to an overpayment to retirees, and during audits, they are told to give back the balance of the overpayment that had occurred…

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