CalSTRS Member Benefits - History of Plan Funding

Know the Formula

CalSTRS-ca — Mon, 15 Mar 2010 01:58:17 +0000

Understand the three components that contribute to the CalSTRS defined benefit calculation. Get Started >>

Mar. 21, 2011

Cost of Waiting

CalSTRS-ca — Mon, 15 Mar 2010 01:42:54 +0000

The longer we wait, the more difficult and costly the funding gap will be to solve. Based on current actuarial assumptions, CalSTRS actuaries project that the Defined Benefit Program will deplete its assets by the early 2040s.

At that time, the state of California—as the plan sponsor—would be obligated to fund benefits on a pay-as-you-go basis. The impact on the state General Fund is estimated in today’s dollars at $9 billion a year.

Mar. 21, 2011

Frequently Asked Questions

CalSTRS-ca — Mon, 15 Mar 2010 01:04:02 +0000

Find answers to the most common questions CalSTRS members are asking.

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Mar. 21, 2011

CalSTRS Board Presentation on the Unfunded Liability

CalSTRS-ca — Wed, 10 Mar 2010 15:39:53 +0000

Mar. 21, 2011

Current Funding

CalSTRS-ca — Mon, 08 Mar 2010 22:49:14 +0000

The Teachers’ Retirement Board approved a Comprehensive Funding Strategy that will guide the long-term effort towards fully funding the Defined Benefit Program. While our investment income goes a long way to maintaining the health of our fund, providing about 60 to 63 percent of the benefits paid, the Board realized the need to take additional steps to close the funding gap.

Mar. 21, 2011

Funding Levels

CalSTRS-ca — Mon, 08 Mar 2010 22:48:35 +0000

CalSTRS is currently funded at 69 percent. CalSTRS Defined Benefit contributions are among the lowest in the United States.

Mar. 21, 2011

History of Plan Funding

CalSTRS-ca — Mon, 08 Mar 2010 22:48:01 +0000

CalSTRS is currently funded at 69 percent. Must CalSTRS be funded at 100 percent?

A valuation is like a home mortgage—there isn’t a need to have all the money today, but we should have a solution in place to pay these benefits in the future.

Mar. 21, 2011

Get the Facts

admin — Fri, 05 Mar 2010 01:16:38 +0000

Your CalSTRS retirement benefit is secure and guaranteed for life. Visit the Fact Center to find out how your benefit is funded.

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Mar. 21, 2011

The CalSTRS Difference

admin — Fri, 05 Mar 2010 01:05:36 +0000

Learn how and why CalSTRS is different from other public pension systems.

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Mar. 21, 2011

Stay Connected

admin — Wed, 24 Feb 2010 19:23:01 +0000

Join the discussion. Share this information. Spread the Word.

Mar. 21, 2011