WEST SACRAMENTO, CA – The Teachers’ Retirement Board, the
governing body of CalSTRS, today adopted the actuarial valuation
of the Defined Benefit Program as of June 30, 2011. The valuation
reflects a two-percent decrease in the funding status from the
previous year, as the final impact of the extraordinary losses in
2008-09 is recognized.
The latest valuation shows a funding status sufficient to cover
69 percent of projected liabilities, leaving the fund with a
$64.5 billion funding shortfall.