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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]
This list of largest pension funds in the United States involves two main groups: ... Teacher Retirement System of Texas: $146,326 $146,326 79.7% 8.0% 7
Chris Ailman grew the fund from $100 billion to nearly $318 billion in his 23 years at CalSTRS. Longtime investment chief at California teachers’ pension fund will retire this summer Skip to ...
CalSTRS’ investment porftolio performed better than CalPERS and most U.S. pension funds. But it still lost money for 1st time since 2009.
The California Employers’ Retiree Benefit Trust Fund was established by CalPERS in March 2007 to provide California public agencies with a cost-efficient, professionally managed investment vehicle for prefunding other post-employment benefits (OPEB) such as retiree health benefits. Prefunding reduces an agency's long-term OPEB liability.
The head of a massive California pension fund told CNBC on Monday that he is voting against the revised pay package for Tesla CEO Elon Musk.. The vote this week is to effectively reinstate a 2018 ...
Since 2001, U.S. statewide pension funds have experienced significant funding challenges due to the recessions of 2001-2002 and 2008-2009. Prior to the Dot-Com Crash, statewide pension funds were over 95.6% funded in the aggregate. In 2002, the funded ratio had declined to 82.1%.
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.