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Fast Facts are a quick glimpse into the most current information on CalSTRS membership, investments and funding as of June 30, 2010. For more detailed information see the Comprehensive Annual Financial Report.

Key membership, investment, funding and administration data tables:

Membership
 
As of 6/30/10
As of 6/30/09
Active Members
441,544
459,009
Inactive Members
166,976
156,207
Total
608,520
615,216
Service Retirement
213,952
203,649
Disability Benefit
8,581
8,380
Survivor Benefit
21,263
20,588
Total
243,796
232,617
Total Members and
Beneficiaries
852,316
847,833
Total Benefit Payments
$9.4 billion
$8.6 billion

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Members Retiring in Fiscal Year 2009-10
Number retiring 15,493
Median age at retirement 61.8 years
Median service credit 26.6 years
Average monthly Member-Only Benefit $4,256

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Investments
 

Market Value
(in billions)

Time-Weighted
Rate of Return
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
2010
129.96
12.20

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Asset Allocation
(As of 6/30/10)
 

Market Value
(in billions)

% of Total
Global Equity
$67.06
51.60%
Fixed Income
28.47
21.90
Private Equity
19.16
14.74
Real Estate
13.04
10.03
Cash Equivalent
1.02
0.79
Absolute Return1
1.21
0.94
Assets Allocation
$129.96
100.00%
Cash Financing
0
 
Total Portfolio
$129.96
 
1 Asset class established in fiscal year 2009-10

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Assets of Programs Administered by CalSTRS
 

Market Value

Rate of Return
Defined Benefit Program
(in billions)
$123.67
12.20%
Defined Benefit Supplement Program
(in billions)
$6.18
13.98%
Cash Balance Benefit Program
(in millions)
$114.12
13.98%
CalSTRS Pension2®
(in millions)
$235.81
9.73%

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Defined Benefit Funding
Funding Status
(as of last valuation, for year ended 6/30/10)
Normal Cost Rate 17.713%
Unfunded Actuarial Accrued Liability $56.0 billion
Actuarial Assets as Percentage of Actuarial Accrued Liability 71%
2009–10 Source of Contribution
(percent of member creditable earnings)
Member 8.000%
Employer 8.250%
State (2007-08) fiscal year earnings) 2.017%
Purchasing Power Protection
The state provides approximately 2.5 percent of member creditable earnings to protect retirees’ purchasing power.

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Administration

CalSTRS Operating Budget
(in millions)

$153.02
Employees
894

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