Fast Facts are a quick glimpse into the most current information on CalSTRS membership, investments and funding.
For more detailed information see the Comprehensive
Annual Financial Report.
View and print a copy of the 2008 CalSTRS Fast Facts brochure.
Key membership, investment, funding and administration data tables:
| |
As of 6/30/08 |
As of 6/30/07 |
| Active Members |
461,378 |
455,693 |
| Inactive Members |
147,997 |
141,450 |
| Total |
609,375 |
597,143 |
|
|
|
| Service Retirement |
195,960 |
188,659 |
| Disability Benefit |
8,170 |
7,915 |
| Survivor Benefit |
19,838 |
19,067 |
| Total |
223,968 |
215,641 |
|
|
|
Total Members and
Beneficiaries |
833,343 |
812,784 |
| Total Benefit Payments |
$7.9 billion |
$7.2 billion |
Return to top
| Number retiring |
12,568 |
| Median age at retirement |
61.3 years |
| Median service credit |
29.0 years |
| Average monthly Member-Only Benefit |
$4,329 |
Return to top
| |
Market Value
(in billions) |
Time-Weighted
Rate of Return |
| 2002 |
$96.70 |
-5.95% |
| 2003 |
100.53 |
3.41 |
| 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 |
Return to top
| |
Market Value
(in billions) |
% of Total |
| U.S. Equity |
$61.90 |
38.04% |
| Non-U.S. Equity |
32.14 |
19.75 |
| Fixed Income |
31.20 |
19.17 |
| Alternative Investments |
16.59 |
10.20 |
| Real Estate |
20.38 |
12.53 |
| Cash & Cash Equivalent |
.50 |
.31 |
| Assets Allocation |
$162.71 |
100.00% |
| Cash Financing |
-1.25 |
|
| Total Portfolio |
$161.46 |
|
Return to top
| |
Market Value
(in billions) |
Rate of Return |
| Defined Benefit Program |
$155.96 |
-3.69% |
| |
Market Value
(in millions) |
Rate of Return |
| Cash Balance Benefit Program |
$98.00 |
-6.77% |
| |
Market Value
(in billions) |
Rate of Return |
| Defined Benefit Supplement Program |
$5.40 |
-6.77% |
| |
Net Assets
(in millions) |
Rate of Return |
| CalSTRS Pension2® |
$174.04 |
N/A |
Return to top
Funding Status
(as of last valuation, for year ended 6/30/08) |
| Normal Cost Rate |
17.285% |
| Unfunded Actuarial Accrued Liability |
$20.7 billion |
| Actuarial Assets as Percentage of Actuarial Accrued Liability |
88% |
2007–08 Source of Contribution
(% of member creditable earnings) |
| Member |
8.000% |
| Employer |
8.250% |
| State (2005-06) fiscal year earnings) |
2.017% |
Purchasing Power Protection
The state provides approximately 2.5% of member creditable earnings to protect retirees’ purchasing power. |
Return to top
| |
As of 7/01/08 |
| CalSTRS Operating Budget
(dollars in millions) |
$171.39 |
| Employees |
874 |
Return to top
|
