Calstrs Needs Returns of 10.1% to Meet Obligations
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The California State Teachers’ Retirement System would need to realize investment returns of more than 10 percent a year for the next 30 years to meet its obligations to retirees, a number actuaries called unrealistic.
The board of the second-largest U.S. public pension today adopted a report by its actuaries showing that it slipped $15.5 billion farther behind its ability to pay its long-term obligations in fiscal 2010.