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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 rankings below are the 30 largest public pension plans in the U.S., according to the 2018 list compiled by Pensions & Investments. [1] Because this information is now several years old, the numbers and rankings may no longer be entirely accurate.
In another study, Equable Institute found that the total lifetime value of teacher pension benefits have declined by $100,000 on average (13%) since 2005. A teacher hired for the 2005 school year can expect to earn $768,000 in retirement benefits, where as a teacher hired for the 2023 school year can expect to earn $668,000.
CalSTRS’ investment porftolio performed better than CalPERS and most U.S. pension funds. But it still lost money for 1st time since 2009.
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. ... As Ailman prepared to speak, three ...
Investors in the fund include the California State Teachers' Retirement System and other public pension systems across the country. ... Waterton then raised the average asking rent nearly 19% ...
Number of retirees with $100,000+ pension = 26,000 (This is 4% of the total number of retirees, yet this group collected 17% of the total amount CalPERS paid out in 2018.) [14]: 1 For comparison: Average Social Security payout = $17,532 [ 14 ] : 1
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