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CalSTRS was established by law in 1913 and is part of the State of California's Government Operations Agency. As of September 2020, CalSTRS is the largest teachers' retirement fund in the United States. CalSTRS is also currently the eleventh largest public pension fund in the world. [2]
The California State Teachers' Retirement System, or CalSTRS, the nation's largest teachers' pension plan, lost 1.3% last fiscal year, its first decline too in more than a decade. And things may ...
In practice, Taft-Hartley plans have many units of local pension funds, under an umbrella group. ... New York State Teachers: $115,637 $115,637 94.2% 7.5% 8
The California State Teachers' Retirement System (CalSTRS) [148] CalPERS has reciprocity agreements with many of these California public retirement systems that allow retirees with service credit and contributions in two systems to receive payments from both systems. [149] Some people prefer defined contribution plans to CalPERS' defined ...
At the same time Moody's downgraded CalSTRS' Baseline Credit Assessment (BCA) to ba3, reflecting a weakening of the State Teacher Retirement Plan's (STRP) funded status on a market valued basis.
Christopher Ailman, the top investment executive at California’s teacher pension fund, will retire at the end of June after more than 20 years of service.
Local plans are 78.2% funded in 2022, compared to 77.8% for statewide plans. However, the historical funding trends of municipally-managed plans are similar, if not identical to statewide plans. Locally-managed public pension plans account for approximately 12% of all unfunded liabilities of non-federal retirement systems.
CalSTRS’ investment porftolio performed better than CalPERS and most U.S. pension funds. But it still lost money for 1st time since 2009.