September 2023 Board Highlights

News from the September 2023 board meeting, including supplemental benefit payment increases, CalSTRS member satisfaction survey and semi-annual investment performance reports.

Payment increases coming for members who retired before 1999

Educators who retired before 1999 will receive a special increase between 5% and 15% to their supplemental payment to maintain their purchasing power, according to Chief Executive Officer Cassandra Lichnock’s report to the Teachers’ Retirement Board.

Hand with pen writing checkmark on paper

Survey results show that satisfaction among CalSTRS members remains high

Every year, CalSTRS conducts a survey of active and retired members to assess their satisfaction with CalSTRS’ staff and service. This is in addition to ongoing point of service surveys, where about nine out of 10 members reported high satisfaction with CalSTRS. The annual survey reflected more good news.

Investment reports demonstrate fund's resilience, long-term success

CalSTRS released its latest semi-annual performance reports to the Teachers’ Retirement Board’s Investment Committee at the September 2023 meeting. These reports—Executive Summary (a summary of each asset class), Real Estate Strategy and Private Equity Performance—aid the Investment Committee in overseeing the Teachers’ Retirement Fund. The reports reflect the six-month period between January 1, 2023, and June 30, 2023.

Josie Peavy, second grade teacher, Natomas

Elementary school teacher Josie Peavy shares her approach to teaching, her love of nature and wine-making, and plans for a comfortable retirement…

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Board meeting calendar

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

Board Highlights

Read about activities by the Teachers' Retirement Board in the Board Highlights newsletters.

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