The California State Teachers’ Retirement System (CalSTRS) has announced an 8.5 percent net return on investments for the 2024–25 fiscal year, ending with the total fund value at $367.7 billion as of June 30, 2025.
CalSTRS is a long-term investor with a goal of achieving an average return of 7 percent to meet pension obligations. The 2024–25 return keeps CalSTRS on track, as the five-,10-, 20- and 30-year returns, including the 9.4 percent five-year return, all surpass the actuarial assumption of 7 percent, despite inflation, rising interest rates and geopolitical uncertainty.
CalSTRS is ahead of schedule to reach full funding by 2046. The CalSTRS funded status was 76.7 percent as of June 30, 2024, the seventh consecutive year the funded status has increased. It has grown more than 14 percent (from 62.6 percent to 76.7 percent) since 2017. Funded status refers to the ratio of CalSTRS’ assets to its total liabilities.
The next actuarial valuation of the D
