Calstrs Posts 8.4% Gain for Fiscal 2024, Underperforms Calpers
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The California State Teachers’ Retirement System, the second-largest US public pension fund, returned 8.4% for its latest fiscal year — exceeding its target but lagging behind the country’s largest pension.
The returns pushed Calstrs’ total assets to $341.4 billion for the fiscal year ended June 30, the pension said in a statement Tuesday. Calstrs said it’s ahead of schedule in reaching full funding by 2046, with 75.9% of its future obligations covered, and that it outpaced its 7% target.