Nearly three years ago, the Teachers' Retirement Board pledged to achieve net zero emissions in the CalSTRS Investment Portfolio by 2050 or sooner. Staff outlined progress on the pledge at the May board meeting.

At the Teachers’ Retirement Board meeting on Thursday, May 2, the trustees of the California State Teachers’ Retirement System elected Denise Bradford chair and Karen Yamamoto vice chair.

The board approved an increase to CalSTRS members’ lump-sum death benefit payments, effective July 1, 2024.

The funded status for the CalSTRS Defined Benefit Program rose to 75.9% as of June 30, 2023, according to the most recent actuarial valuation: an annual assessment of the Teachers’ Retirement Fund’s assets and liabilities.

For more than a year, the Teachers' Retirement Board Investment Committee has studied best practices in incorporating diversity, equity and inclusion into both the CalSTRS workplace and its investment portfolio.

At its May meeting, the Teachers' Retirement Board’s Investment Committee recognized and thanked Christopher J. Ailman for his nearly 24-year-long tenure as chief investment officer.