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Attachment 1
Regular Meeting Item 9b
May 2, 2024-Page 1
Millikan Actuarial ValuationDefined Benefit Supplement Program of the
California State Teachers Retirement System
June 30, 2023, Actuarial ValuationPrepared
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Defined benefit program is a retirement plan in which an employer promises a specified monthly benefit at retirement, based on a formula that typically considers the employee's salary and years of service.
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