| |
As of June 30, 2007 |
As of June 30, 2006 |
| Active Members |
455,693 |
453,365 |
| Inactive Members |
141,450 |
133,601 |
| Total Members |
597,143 |
586,966 |
| Service Retirement Recipients |
188,659 |
181,833 |
| Disability Benefit Recipients |
7,915 |
7,683 |
| Survivor Benefit Recipients |
19,067 |
18,330 |
| Total Benefit Recipients |
215,641 |
207,846 |
Total Members and
Benefit Recipients |
812,784 |
794,812 |
| |
Funding Status:
(as of last valuation, for year ended June 30, 2006) |
| Normal Cost Rate |
16.82% |
| Unfunded Actuarial Obligation |
$19.6 billion |
| Funded Status |
87% |
Contribution Sources
(% of member creditable earnings) |
| Member |
8.000% |
| Employer |
8.250% |
| State (since 2002-03) |
2.017% |
Purchasing Power Protection:
The state provides 2.5 percent of member creditable earnings
to protect retirees' purchasing power. |
| |
As of June 30 |
Market Value
(in billions) |
Time-Weighted
Rate of Return |
| 2007 |
171.90 |
21.03% |
| 2006 |
143.85 |
13.21% |
| 2005 |
129.59 |
11.09% |
| 2004 |
116.18 |
17.38% |
| 2003 |
100.53 |
3.41% |
| 2002 |
96.70 |
-5.95% |
| 2001 |
102.81 |
-9.12% |
| 2000 |
112.64 |
12.69% |
| Asset Allocation:
(As of June 30, 2007) |
Market Value
(in billions) |
% of Total |
| U.S. Equity |
$70.26 |
40.88 |
| Non-U.S. Equity |
36.57 |
21.27 |
| Fixed Income |
35.25 |
20.51 |
| Alternative Investments |
12.74 |
7.41 |
| Real Estate |
16.90 |
9.83 |
| Cash & Cash Equivalent |
.17 |
.10 |
Total Assets
*Includes accruals |
$171.90 |
100.0 |
| |
| |
2007-08 |
2006-07 |
| CalSTRS Operating Budget
(in thousands) |
$138,161 |
$123,385 |
| Employees |
803 |
735 |
