Fast Facts are a quick glimpse into the most current information on CalSTRS membership, investments and funding
as of June 30, 2009. For more detailed information see the
Comprehensive Annual Financial Report.
Key membership, investment, funding and administration data tables:
| |
As of 6/30/09 |
As of 6/30/08 |
| Active Members |
459,009 |
461,378 |
| Inactive Members |
156,207 |
147,997 |
| Total |
615,216 |
609,375 |
|
|
|
| Service Retirement |
203,649 |
195,960 |
| Disability Benefit |
8,380 |
8,170 |
| Survivor Benefit |
20,588 |
19,838 |
| Total |
232,617 |
223,968 |
|
|
|
Total Members and
Beneficiaries |
847,833 |
833,343 |
| Total Benefit Payments |
$8.6 billion |
$7.9 billion |
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| Number retiring |
12,753 |
| Median age at retirement |
61.6 years |
| Median service credit |
29.0 years |
| Average monthly Member-Only Benefit |
$4,396 |
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| |
Market Value
(in billions) |
Time-Weighted
Rate of Return |
| 2003 |
100.53 |
3.41% |
| 2004 |
116.18 |
17.38 |
| 2005 |
129.59 |
11.09 |
| 2006 |
143.85 |
13.21 |
| 2007 |
171.90 |
21.03 |
| 2008 |
161.46 |
-3.69 |
| 2009 |
118.88 |
-25.03 |
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| |
Market Value
(in billions) |
% of Total |
| Global Equity1 |
$64.45 |
54.22% |
| Fixed Income |
25.96 |
21.83 |
| Private Equity |
15.18 |
12.77 |
| Real Estate |
12.32 |
10.36 |
| Cash Equivalent |
0.97 |
0.82 |
| Assets Allocation |
$118.88 |
100.00% |
| Cash Financing |
0 |
|
| Total Portfolio |
$118.88 |
|
1 U.S. Equity and Non U.S. Equity asset classes were combined into Global Equity for
fiscal year 2008-09
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| |
Market Value |
Rate of Return |
Defined Benefit Program
(in billions) |
$113.88 |
-25.03% |
Defined Benefit Supplement Program
(in billions) |
$4.91 |
-20.43% |
Cash Balance Benefit Program
(in millions) |
$91.17 |
-20.43% |
CalSTRS Pension2®
(in millions) |
$179.14 |
-12.69% |
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Funding Status
(as of last valuation, for year ended 6/30/08) |
| Normal Cost Rate |
17.328% |
| Unfunded Actuarial Accrued Liability |
$22.5 billion |
| Actuarial Assets as Percentage of Actuarial Accrued Liability |
87% |
2008–09 Source of Contribution
(% of member creditable earnings) |
| Member |
8.000% |
| Employer |
8.250% |
| State (2006-07) fiscal year earnings) |
2.017% |
Purchasing Power Protection
The state provides approximately 2.5% of member creditable earnings to protect retirees’ purchasing power. |
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| CalSTRS Operating Budget
(in millions) |
$163.02 |
| Employees |
894 |
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|
