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Future forecast: CalSTRS pensions will remain secure

Pension Sense blog | December 1, 2022 | Thomas Lawrence

Young woman holding an umbrella

As you work through the school year, you take stock of your students by writing report cards, giving quizzes and tests, and holding parent-teacher conferences.

We apply the same care and attention to detail in managing your pension. And as part of our commitment to you, we actively monitor the health of the CalSTRS Investment Portfolio and the progress of our long-term plan to meet your retirement needs.

We take a decades-long perspective on our investments and reflect that care in our annual reporting to our governing body: the Teachers’ Retirement Board. Our team prepares what we call the Review of Funding Levels and Risks Report every autumn.

The report is based on the annual actuarial valuation of the CalSTRS Defined Benefit Program. It’s an in-depth analysis that focuses on the soundness and sustainability of CalSTRS’ investments and funding plan, and weighs factors such as recent investment returns, economic and geopolitical risks, and patterns in teacher hiring and retirements.

This edition of the report shares notable changes that have occurred since summer 2021, including the increase in public school educators being hired statewide.

What’s the key takeaway from this year’s report? Your pensions are safe, as they’ve always been.

The report also demonstrates that we are financially stronger today than after the global financial crisis of 2008 and better positioned to handle current and future risks.

You have enough to worry about, whether it be mentoring your students or adjusting to the day-to-day impact of inflation and rising interest rates. Let us handle the big picture perspective on your retirement. We’ve got your back, and unlike the economy, that will never fluctuate.

For information on how to reach CalSTRS, visit the contact us webpage.