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Strategic Plan builds on vision for CalSTRS' future

Hands holding puzzle pieces with symbols of collaboration, creativity, and communication around them.

The Teachers' Retirement Board adopted the 2025–2028 Strategic Plan, which is designed to help CalSTRS strengthen its ability to secure the financial future and sustain the trust of California’s public-school educators.

The strategic plan has three main goals:

  • Trusted stewards: Ensure a well-governed, financially sound trust fund.
  • Leading innovation and managing change: Innovate to grow resiliency and efficiency in service of members.
  • Sustainable organization: Fully integrate sustainability in all CalSTRS does.

The current plan builds on the 2022–2025 Strategic Plan.

In 2022, CalSTRS recognized the increasingly rapid pace of technological change and evolving workforce needs in the wake of a global pandemic and embarked on a multiyear plan to transform the organization.

The 2022–2025 Strategic Plan focused on assessing CalSTRS' organizational readiness and building its capabilities. To date, CalSTRS has implemented key initiatives that enhanced its financial stability and operational efficiency, laying a strong foundation for continued growth.

Accomplishments include:

  • Completing the last steps of implementing the Collaborative Model investment strategy to manage more assets internally and leverage external partnerships to reduce costs, control risks and increase expected returns. The Collaborative Model has saved CalSTRS more than $2 billion since 2017.
  • Increasing CalSTRS’ funding level through positive investment returns, adjustments to assumptions, and continued growth in active membership. CalSTRS is ahead of schedule toward reaching full funding by 2046.
  • Achieving significant progress in building a new pension administration system.
  • Promoting innovation, including advanced technology, to support the hybrid workforce and gain efficiency in service of members.

With the successes of the past three years as the foundation, the theme of the 2025–2028 strategic plan is “Engage/Act.” CalSTRS will begin to realize the improvements from the accomplishments of the previous strategic plan.

See the full plan for an introduction from CEO Cassandra Lichnock and a deeper dive into the three main goals.