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I am pleased to present the Comprehensive
Annual Financial Report of the California State Teachers’
Retirement System for the fiscal year ended June 30, 2000.
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.
I believe this report will be helpful to the California
Legislature, CalSTRS members and other interested parties
in understanding the California State Teachers’
Retirement System, established by law in 1913 to provide
retirement benefits to California’s public school
educators. Responsibility for both the accuracy and
completeness of the financial data and the fairness
of the presentation rests with me and the management
of CalSTRS.
The events and developments of the year mark a threshold
for CalSTRS. Thanks to excellent investment returns
and the achievement of a fully funded status, CalSTRS
is entering a time of increased opportunities for the
members. Those members, as of June 30, 2000, included
employees of approximately 1,160 school districts, community
college districts, county offices of education and regional
occupational 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.
James D. Mosman
Chief Executive Officer |
The 2000 CAFR may be downloaded and printed
as one complete file or by individual sections for your convenience.
 The
2000 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.
2000 CAFR Updated: March 9, 2001
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