CalSTRS’ mission is to secure the financial future and sustain the trust of California’s educators.
As of the June 30, 2020, actuarial valuation, CalSTRS was 67% funded. Our goal is to reach full funding by 2046.
CalSTRS continually monitors the funding plan and the financial health of the fund. We perform formal assessments of funding levels and risks, which are provided to the board twice a year. The annual actuarial valuation report is presented in the spring and the Review of Funding Levels and Risks Report is presented in the fall. Every funding risk measure included in the most recent report has improved over the last year.
In addition to these two formal reports, CalSTRS provides updates to the board on the status of various funding-related risks as part of the semi-annual enterprise risk management reports that are also presented in the spring and fall of each year. We report on the progress of the funding plan’s funding status to the Legislature every five years, as required by statute. We are scheduled to submit the next required report in 2024. We also perform a formal review of actuarial assumptions every four years, with the most recent review completed in January 2020. The next formal review is expected in 2024.
Recognizing it will take alignment of all our organizations to scale impact globally, we invite you to join the movement as a Steward of Inclusive Capitalism. Together, the collective action of Council members will contribute to a fairer, more inclusive and sustainable future for all people and our planet.