I am pleased to present the Comprehensive Annual Financial Report of the California State Teachers’ Retirement System for the fiscal year ended June 30, 2001. The report is intended to provide complete and reliable information as a basis for making management decisions, determining compliance with legal provisions and determining responsible stewardship of the Teachers’ Retirement Plan and the CalSTRS 403(b) Program. Please note the Teachers’ Retirement Plan consists of the Defined Benefit and Cash Balance Benefit programs. The compilation of this comprehensive annual financial report reflects the combined effort of CalSTRS staff under the leadership of the Teachers’ Retirement Board. I commend their efforts on creating another outstanding report. In addition, I take this opportunity to express my gratitude to the staff, advisors and the many other people and organizations who have worked so diligently to assure the successful operation of the California State Teachers’ Retirement System. Jack Ehnes Chief Executive Officer

The 2001 CAFR

This is the contents all in one file and is about 4.4MB in size. If you do not need the complete contents, you can use the links below to download just the section(s) you need.

Introduction

The introductory section contains this letter of transmittal, the administrative organization, report of the Teachers’ Retirement Board chairperson and a review of CalSTRS achievements and activities.

Financial

The financial section includes the report of the independent auditor, the system’s financial statements and supplemental information for the Teachers’ Retirement Plan, Cash Balance Plan and CalSTRS 403(b) Program.

Investments

The investment section contains a consultant’s report summarizing investment activity, an explanation of investment policy, portfolio performance information and various investment schedules for the Teachers’ Retirement Plan. Investment of the Cash Balance Benefit Program contributions is also discussed. Investment information is not included for the CalSTRS 403(b) Program since all investments are member-directed into mutual funds.

Actuarial

The actuarial section includes the actuary’s certification letters and summaries for both the CalSTRS Defined Benefit and Cash Balance Benefit programs, in addition to the results of the latest actuarial valuations.

Statistical

The statistical section includes information on the CalSTRS Defined Benefit Program, Cash Balance Benefit Program and CalSTRS 403(b) Program.