California State Teachers’ Retirement System shows strong financial standing, according to its basic financial statements for the 2023-24 fiscal year. With stable fiscal health, the pension fund can properly satisfy its responsibilities to members and their beneficiaries.
A positive investment return of 26.4 billion allowed CalSTRS to see a 7.7 percent, or $24.5 billion, increase in its net position, for a total of $343.5 billion. Julie Underwood, chief financial officer for CalSTRS, says this increase is largely attributed to positive investment returns.
The Investment Policy Statement (IPS) changed over the 2023-24 fiscal year, with new asset allocation long-term targets, expanded asset allocation to rebalance allocation targets, defined total fund leverage risk, and modified liquidity risk. Now, CalSTRS aims to focus on strategic asset allocation, as compared to liquid assets.
CalSTRS utilizes its Collaborative Model to maintain good standing, by focusing o
