Fast Fact - June 2015

CalSTRS
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FAST FACTS Fiscal Year Ended June 30, 2015 Executive Staff* Jack Ehnes Chief Executive Officer Cassandra Lichnock Chief Operating Officer Christopher J. Ailman Chief Investment Officer Brian Bartow General Counsel Lisa Blatnick Chief of Administrative Services Ed Derman Deputy Chief Executive Officer, Plan Design and Communication Ashish Jain Chief Technology Officer Robin Madsen Chief Financial Officer Andrew Roth Executive Officer, Benefits and Services CalSTRS Resources WEB CalSTRS.com Click Contact Us to email myCalSTRS.com 403bCompare.com Pension2.com CALL 800-228-5453 7 a.m. to 6 p.m. Monday through Friday 916-414-1099 Calls from outside the U.S. 888-394-2060 CalSTRS Pension2® Personal Wealth Plan 855-844-2468 (toll free) Pension Abuse Reporting Hotline *As of January 1, 2016 WRITE Teachers’ Retirement Board The 12-member Teachers’ Retirement Board includes: • Three elected members who are current educators. • A retired CalSTRS member appointed by the Governor. • Three public representatives appointed by the Governor. • A school board member appointed by the Governor. • Four board members who serve by virtue of their office: Director of Finance, State Controller, State Superintendent of Public Instruction and State Treasurer. CalSTRS P.O. Box 15275 Sacramento, CA 95851-0275 VISIT Member Services 100 Waterfront Place West Sacramento, CA 95605 Find your nearest CalSTRS office at CalSTRS.com/localoffices FAX 916-414-5040 STAY CONNECTED COM 141 (rev 1/16) .

FAST FACTS Fiscal Year Ended June 30, 2015 Membership Investments 6/30/15 6/30/14 Active Members 429,460 420,887 Inactive Members 184,396 182,815 Total 613,856 603,702 Service Retirements 247,353 Disability Benefits Survivor Benefits Market Value (in billions) Time-Weighted Rate of Return $143.85 2007 171.90 21.0 2008 161.46 –3.7 241,920 2009 118.88 –25.0 9,604 2010 129.96 12.2 24,899 24,103 2011 155.51 23.1 282,100 Total Members and Beneficiaries 2006 9,848 Total Total Benefit Payments Assets of Programs Administered by CalSTRS 275,627 2012 150.61 1.8 2013 165.82 13.8 2014 189.08 191.41 4.8 Market Value (in billions) Percent of Total $12.56 billion 879,329 $12.04 billion Asset Allocation Members Retiring in Fiscal Year 2014–15 Global Equity $109.90 11,278 Fixed Income 30.08 15.7 Median Age at Retirement 62.7 Private Equity 19.30 10.1 Median Service Credit 25.3 Real Estate 24.33 12.7 Inflation Sensitive 1.54 Absolute Return 2.86 1.5 Cash 3.40 1.8 $180.05  4.8% Defined Benefit Supplement Program (in billions) 11.09 4.8 Cash Balance Benefit Program (in millions) 273.61 3.0 CalSTRS Pension2® (in millions) 598.29 3.8 Defined Benefit Funding Funding Status (as of last valuation, for year ended June 30, 2014) Normal Cost Rate 18.21% 0.8 Number Retiring Average Monthly Member-Only Benefit $4,142 Administration 57.4% Defined Benefit Program (in billions) Rate of Return 18.7 2015 895,956 13.2% Market Value Unfunded Actuarial Accrued Liability $72.7 billion Actuarial Assets as Percentage of Actuarial Accrued Liability 69% 2014–15 Source of Contribution (percent of member creditable earnings) Employees $248.31 $191.41 1,005 On Our Cover: Matt Reno is a principal at an elementary school in Northern California. He has been a CalSTRS member for 15 years. Securing the financial future and sustaining the trust of California’s educators 8.150% 8.150% Employer Total Portfolio Member 2% at 60 2% at 62 8.880% State (2012–13 fiscal year earnings) CalSTRS Operating Budget (in millions) 3.454%* Purchasing Power Protection: The state provides approximately 2.5 percent of members’ creditable earnings to protect retirees’ purchasing power. * Includes 1.437% additional state contributions under Education Code, Section 22955.1. .

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