These presentations track the progression of the comprehensive funding strategy.
December 2005
An educational item that provides an overview of
the unfunded actuarial obligation and context to the discussion at the Board meeting.
The first detailed discussion of the implications of
options available to the Board to address it the unfunded actuarial obligation.
February 2006
A brief summary of each of the options and further
information and analysis based on Board concerns, including a chart outlining the various design
aspects of the 12 other state teachers' retirement systems not coordinated with Social Security.
April 2006
The adoption of June 30, 2005 Actuarial Valuation
for the Defined Benefit Program as presented by CalSTRS' system actuary.
The introduction of four possible strategic packages
to address the unfunded actuarial obligation
September 2006
The Board establishes a framework for a long-term funding strategy,
reaffirming their commitment not to change existing benefits.
December 2006
The specific statutory language provided to the Board to execute
a strategy for addressing the unfunded actuarial obligation with framework adopted the September 2006 meeting.
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