California State Teachers Retirement System (CalSTRS)
public plan · State of California · West Sacramento, CA
Funding History
What This Means for You
California State Teachers Retirement System (CalSTRS) is in good financial health at 73% funded. This means for every dollar the plan owes in future benefits, it has 73 cents in assets to cover it. As a public pension, benefits are typically backed by the taxing authority of the sponsoring government. Participants in this plan have relatively low risk of benefit reductions.
Year-by-Year Funding
| Year | Assets | Liabilities | Funding Ratio | Contributions |
|---|---|---|---|---|
| 2023 | $318.0B | $436.0B | 72.9% | $18.4B |
| 2022 | $308.5B | $447.0B | 69.0% | $17.8B |
| 2021 | $298.9B | $415.2B | 72.0% | $17.3B |
| 2020 | $289.4B | $438.5B | 66.0% | $16.7B |
| 2019 | $279.8B | $417.7B | 67.0% | $16.2B |
Frequently Asked Questions
California State Teachers Retirement System (CalSTRS) is 73% funded, meaning it has 73 cents in assets for every dollar in future benefit obligations. This is below the 80% threshold actuaries consider healthy, and may require increased contributions.
California State Teachers Retirement System (CalSTRS) has 985,000 total participants, including 505,000 active employees and 480,000 retirees currently receiving benefits.
California State Teachers Retirement System (CalSTRS) is not covered by the PBGC. Benefits depend entirely on the plan's assets and the sponsor's ability to fund it.
The Pension Health Score (0-100, A-F) measures a pension plan's financial strength based on funding ratio (50%), funding trend over 3 years (30%), and PBGC risk level (20%). Higher scores indicate more secure retirement benefits.
Pension Health Score is calculated from funding ratio, 3-year funding trend, and PBGC risk classification.