Description: This report provides an overview of the 2014 California State Teachers’ Retirement System (CalSTRS) funding plan, and analyzes the various challenges and complexities of the plan that have come to light that may impede CalSTRS’ ability to successfully eliminate the system’s unfunded actuarial obligation (UAO) by 2046. We offer several short- and longer-term recommendations for the Legislature to consider to help strengthen CalSTRS’ ability to eliminate current and future UAO, achieve long-term savings, and improve legislative oversight.