Assumption Rate, Role in Funding Challenge Explored

At the September 2010 Teachers’ Retirement Board Meeting, a panel of external investment experts provided their perspectives on the current 8 percent investment return assumption.

The board in November will revisit recommendations for future investment assumptions, which includes a reduction in the assumed rate of return.

Role of the Teachers’ Retirement Board

Also at the September meeting, CalSTRS counseling attorney Harvey Leiderman discussed the board’s role in addressing the current funding challenges.

Leiderman noted the importance of the board seeing itself as a catalyst for change.