November 2023 Board Highlights

News from the November 2023 board meeting, including Collaborative Model savings, CalSTRS Funding Plan updates, organizational achievements, and more.

Woman sitting at desk with microphone to her side

Collaborative Model savings surpass $1.6 billion

The Collaborative Model investment strategy has saved CalSTRS more than $1.6 billion since 2017 on behalf of its members: California’s public educators. As part of the Collaborative Model Savings Report to the Teachers’ Retirement Board’s Investment Committee, staff outlined how the Collaborative Model saved CalSTRS $428 million in 2022 and on average $274 million annually in the past six years.

Funding plan, portfolio remain strong despite economic turbulence

CalSTRS remains slightly ahead of schedule in its goal to reach full funding by 2046 amid global economic uncertainty. This good news is one of the key findings from the eighth annual Review of Funding Levels and Risks report presented to the board at the November meeting.

Why embracing diversity, equity and inclusion strengthens CalSTRS

CalSTRS is committed to setting best practice precedents, implementing innovative diversity, equity and inclusion (DEI) principles, and advancing the world’s investment markets through positive change. This is accomplished by establishing meaningful relationships across a vast network of investment managers, portfolio companies and industry associations.

Group of people holding a large check written out to The People of California.

Retirement benefits have a positive ripple effect in communities

When representatives of the California Retired Teachers Association (CalRTA) reported on their volunteer activities to the Teachers' Retirement Board, they showed only a small portion of the impact on the state and its communities.

Annual Comprehensive Financial Report, Annual Budget, and Popular Annual Financial Report

CEO report highlights organizational achievements

Chief Executive Officer Cassandra Lichnock shared several organizational awards and honors for CalSTRS with the board as part of her CEO Report.

Teacher highlight video: Marielle Tsukamoto

Retired educator Marielle Tsukamoto, whose career included serving as vice principal at the school named after her mother, shares her inspiration for becoming a teacher, how she made sure each student knew they were valued, and that her CalSTRS pension has enabled her to take a dream vacation to Antarctica.

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The Teachers’ Retirement Board meets at CalSTRS Headquarters in West Sacramento several times a year.

Board Highlights

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