Chief Investment Officer Scott Chan acknowledged the hard work of the investment staff that enabled CalSTRS to generate an unofficial 13% return over the last calendar year, well above the 7% actuarial goal.

CalSTRS released its latest semi-annual performance reports to the Teachers’ Retirement Board’s Investment Committee at the March 2026 meeting. These reports—Investment Performance (a summary of each asset class), Real Estate Strategy, and Private Equity Performance—aid the Investment Committee in overseeing the Teachers’ Retirement Fund.

As part of Cassandra Lichnock's CEO report, Chief Benefits Officer Jeff Zimmer updated the board on the stabilization of myCalSTRS, the secure online system that allows members to manage their retirement accounts.

Artificial intelligence has a great capacity to reshape board governance, fiduciary responsibility and organizational performance, the Teachers' Retirement Board heard from Param Vir Singh, Ph.D., associate dean for research and Carnegie Bosch professor of business technologies at Carnegie Mellon University.

On February 27, 2026, Gov. Gavin Newsom announced that Michael Gunning of Elk Grove has been reappointed to the Teachers’ Retirement Board, pending state Senate confirmation.

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