CalSTRS’ unfunded liability rises 13%; funding ratio falls to 69.4%

By Randy Diamond, Pensions & Investments Online

CalSTRS’ unfunded liability climbed 13% to $64.5 billion in the 12 months ended June 30, reducing its funding ratio to 69.4%, from 71.5%, according to an actuarial report.

The $152.2 billion California State Teachers’ Retirement System, West Sacramento, had an $8.5 billion increase in pension obligations during the 12-month period, according to the report, which is on the retirement system board’s agenda to be discussed at its Thursday meeting.

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