Whereas full-time faculty receive all of their service credit reported to the State Teachers Retirement System (STRS) for purposes of determining benefits upon retirement, and some part-time faculty working 60% receive 50% credit, and
Whereas part-time faculty do not receive full retirement credit for service credit to determine their benefits for retirement, and
Whereas some of the part-time faculty are losing 10% or more of their service credits,
Resolved that the Academic Senate urge community college districts and the State Teachers Retirement System (STRS) board to accurately report full service credit earned for retirement benefits.
The Governor signed STRS Legislation to provide for reporting of full-service credit, use of sick leave, and increased benefits. The Legislative Committee will hold a breakout at the 1998 Fall Session that will highlight the new benefits.