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:
| |
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 |
Return to top
| Number retiring |
15,493 |
| Median age at retirement |
61.8 years |
| Median service credit |
26.6 years |
| Average monthly Member-Only Benefit |
$4,256 |
Return to top
| |
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 |
Return to top
| |
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
Return to top
| |
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% |
Return to top
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. |
Return to top
| CalSTRS Operating Budget
(in millions) |
$153.02 |
| Employees |
894 |
Return to top
|
