Despite a pendulum market and soaring volatility metrics in late
2018 and spring 2019, the California State Teachers’ Retirement
System (CalSTRS) pulled close to its target 7% annual return,
clocking in a 6.8% net return at the end of the 12-month period
ending June 30.
The nation’s second-largest public pension plan also recorded its
highest-ever fund value at $236.9 billion. Previous years
recorded valuations of $223.8 billion (2018), $208.7 billion
(2017), and $188.7 billion (2016). The pension is approximately
64% funded, and is on a quest to achieve 100% by 2046.