A Review of the CalSTRS Funding Plan: Conclusion

Feb 2, 2016 - While there are pros and cons to the implementation —both from the perspective of the state and districts —we are unsure that these are the outcomes the Legislature intended when it passed the CalSTRS funding plan into law.
https://lao.ca.gov/Publications/Report/3339

The 2017-18 Budget: Governor’s CalPERS Borrowing Proposal

May 16, 2017 - For much of the late 1990s and 2000s, the yield averaged around 6  percent, although it fell after the dot-com bust and ensuing recession in the early 2000s. After the rate fell in 2008, it has remained near zero as inflation and U.S.
https://lao.ca.gov/Publications/Report/3673