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Showing posts from April, 2013

April Board News

(The text below is reprinted from the news release by STRS on 04/19/2013.)

Operating Budget for Fiscal Year 2014 Reflects Slight Decrease The Finance Department presented proposed system budgets for the 2014 fiscal year (July 1, 2013–June 30, 2014) during the April meeting of the State Teachers Retirement Board. The proposed operating budget totals $90,504,600, a slight decrease from the current year’s budget. The proposed head count of 585 full-time equivalent associates reflects an increase of six positions for the coming year. The budget provides for the continued implementation of pension reform changes, refinements to the Defined Contribution and Combined Plans, and continued development of Health Care Fund options. The proposed capital budget for fiscal year 2014 totals $1,684,300. The Retirement Board will be asked to approve the budgets at its June meeting.

Retirements Approved The Retirement Board approved 191 active members and 118 inactive members for retirement.

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