Board Meeting Agendas

• Funding Strategy - Pension Changes at Other Plans
  April 8, 2011

  Description: This item provides information requested by the board during its October 2010 offsite meeting regarding pension reform in other systems.
  Ensuing Board Action: The board discussed the need to continue communication with the legislature and governor regarding legislation and funding that may affect CalSTRS, and possibly providing more educational information on CalSTRS and the potential impact to the system by proposed pension reform.

• Evaluation and Adoption of Actuarial Assumptions
  December 2, 2010

  Description: This item provides an evaluation of existing assumptions and recommends the board lower the DB and DBS investment assumptions to 7.5 percent and 7 percent, respectively, the wage inflation assumption to 4 percent and the price inflation assumption to 3 percent.
  Ensuing Board Action: The board adopted investment assumptions of 7.75 percent (DB) and 7.25 percent (DBS), a wage inflation assumption of 4 percent and a price inflation assumption of 3 percent.

• Funding Issue: Legal Framework
  September 3, 2010

  Description: This item provides the legal parameters to consider when addressing the UAO.
  Ensuing Board Action: none

• Executing the Funding Strategy (Revised)
  February 5, 2010

  Description: This item provides an update on the efforts to execute the strategic plan to address the UAO.
  Ensuing Board Action: The board requested information on the legal security of teachers' retirement benefits at the various stages of a teacher's career, particularly during retirement.

• Addressing the Defined Benefit Funding Status
  June 5, 2009

  Description: This item provides an update on implementation of the strategic plan to address the UAO, the potential impact of the market downturn to the UAO and opens discussion about the assumed investment rate.
  Ensuing Board Action: The board designated three board members (who are also active CalSTRS members) to participate with staff in discussions with stakeholder organizations.

For board meeting agendas discussing the funding gap prior to 2008, visit the past agenda page.