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CalSTRS Unfunded Liability Grows Under New Returns Expectation

TedTed
in Fund Discussions
FYI: The California State Teachers' Retirement System (CalSTRS) announced on Thursday that its funding level had dropped and its unfunded liability had increased, following a drop in the fund's expected investment returns.

The public pension plan voted in February to lower its annual expected return rate from 7.5 percent to 7 percent by 2018. As a result, CalSTRS unfunded liability grew to $97 billion from $76 billion, and its funding level dropped from 68 percent to nearly 64 percent.
Regards,
Ted
http://www.reuters.com/article/california-pensions-calstrs-idUSL2N1H71DC

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