Economic Impact Study

Economic Impact Study

Overview

An economic impact study finds that CalSTRS benefit payments are a substantial economic driver in California, generating $11 billion in economic activity, supporting more than 92,000 jobs and creating about $1.2 billion in tax payments to state and local governments through income, sales and corporate profit taxes.

The study was commissioned by CalSTRS and prepared by the Business Forecasting Center of the University of the Pacific Eberhardt School of Business. It measures the impact the CalSTRS benefit payments have on California’s labor income, employment, economic output and tax revenue generation. Its findings are based on $9.2 billion in ongoing monthly and quarterly benefit payments CalSTRS issued during the 2011-12 fiscal year.

Published September 2013.

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For accessible versions of files on this page, contact ADACoordinator@CalSTRS.com.

General Information William Yee

Key Findings

Educator Pensions Benefit California's Economy: Educator pensions generate $11 billion in economic production statewide, Economic activity generated by CalSTRS benefits directly supports 92,815 jobs throughout the state, CalSTRS benefits create more than $1.2 billion in tax payments to state and local governments, For every dollar the state contributes to CalSTRS, about 50 cents is returned through tax payments generated by CalSTRS benefits, Study conducted by economists at the University of the Pacific Eberhardt School of Business.

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