A Review of the CalSTRS Funding Plan: Theoretical Investment Gains Have Shifted Unfunded Liabilities to Districts

Feb 2, 2016 - These recent developments illustrate the counterintuitive results of the odd calculation central to the CalSTRS funding plan. We note that the calculation will become even more complex next year, as CalSTRS will begin to calculate the size of a second theoretical investment portfolio that will be factore d into the district share of the unfunded liability.
https://lao.ca.gov/Publications/Report/3334

CalSTRS Funding: An Update

May 5, 2017 - CalSTRS uses a “smoothing ” policy to reduce volatility in reported unfunded liabilities and contribution rates, such that only one ‑third of the variance is reflected this year. This means that only $2.4  billion of the difference is factored into the $21  billion increase in the unfunded liability, with the remainder of the difference deferred to future actuarial valuations.
https://lao.ca.gov/Publications/Report/3662

The 2023-24 Budget: Total Compensation Studies

May 24, 2023 - Specifically, we recommend that the compensations study for (1)  Units 2, 5, 6, 7, 8, 9, 10, 12, 13, and 19 be submitted on February 1, 2025 and every odd-numbered year thereafter and (2)  Units 1, 3, 4, 11, 14, 15, 16, 17, 18, 20, and 21 be submitted on February 1, 2026 and every even-numbered year thereafter.
https://lao.ca.gov/Publications/Report/4773