The funded status for the Defined Benefit Program rose to 74.4% as of June 30, 2022, according to the most recent actuarial valuation, which is a snapshot of the fund’s assets and liabilities taken every year on June 30. The funded status refers to the ratio of CalSTRS' assets compared to its total liabilities.

The Teachers’ Retirement Board adopted a new long-term asset allocation with the intent of further strengthening CalSTRS’ portfolio during these uncertain economic times.

The Teachers' Retirement Board reelected Harry Keiley as chair and elected Denise Bradford as vice chair for the fiscal year 2023–24 term.

CalSTRS updated the Teachers’ Retirement Board on initiatives promoting diversity in investment management by highlighting the annual progress and accomplishments of the Diversity in the Management of Investments strategy for calendar year 2022.

CalSTRS continues to move forward on its pledge to achieve a net zero investment portfolio by 2050 or sooner to prudently integrate climate change considerations to support the retirement security of California’s educators.