I am pleased to present the Comprehensive Annual
Financial Report of the California State Teachers’ Retirement
System for the fiscal year ended June 30, 2002. 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.
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 The
2002 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.
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