CalSTRS Reports Record-Breaking Investment Gains

The California State Teachers' Retirement System (CalSTRS) has announced a 27.2% net return on investments for the 2020–21 fiscal year, far exceeding the expectation of 7%. The “spectacular” performance was driven by gains in all asset classes and represents the fund’s highest returns since the late 1980s.

“This year’s record-breaking investment performance is a testament to the long-term sustainability of a pension fund managed by a dedicated investment team and a committed Teachers’ Retirement Board,” Chief Executive Officer Cassandra Lichnock said in a press release.  “The fiscal-year returns exceeded all expectations. They also offer another measure of how we’re delivering on our promise to provide California’s hard-working teachers and their families with a secure retirement.” 

With the $63 billion increase in value, CalSTRS’ assets now total $309 billion. That’s double the value from 10 years ago.

CalSTRS’ investment news comes after CalPERS, which manages benefits for classified school workers, posted its own impressive 21% rate of return