The TCSOS Retirement staff provides services in the area of retirement to local educational agencies and their employees.
We serve as a liaison and reporting agent to ensure retirement and payroll information is reported, and contributions and payments are submitted to the appropriate state and federal agencies. We coordinate with the California State Teachers’ Retirement System (CalSTRS), California Public Employees’ Retirement System (CalPERS), third-party administrators for districts’ 403b and 457 plans, and the Internal Revenue Service, and the Social Security Administration.
We audit payroll information for accurate retirement reporting and contributions during the processing of monthly payrolls. Workshops are hosted locally so employees can learn about retirement systems. Training is provided for school district staff, and we keep local educational agencies informed about pertinent topics such as pension reform and changes to rates for retirement system calculations and contributions.
CalSTRS, the California State Teachers’ Retirement System, is the largest teachers’ retirement system and second-largest public pension fund in the nation.
CalPERS covers state, school, and contracting local public agency employees, as well as some judges and legislators.