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sschullo

08-09 Calstrs Comprehensive Annual Financial Report

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Hi,

CalSTRS comprehensive annual financial report comes out annually for their fiscal year, July 1 - to June 30. The report for this past year (July 1, 2008, June 30, 2009) is still not available.

I asked Calstrs about this report and this is their response. I find it odd that this report is still not available and will take several more months. Instead they provided a link to the 2008 report! Hello, thats 1.5 years ago and other reports of which I did not ask.

Steve

 

Dear Mr. Schullo,

 

Thank you for submitting an online message to the California State Teachers’ Retirement System.

 

If you are referring to the CalSTRS Comprehensive Annual Financial Report, which includes information regarding our investment portfolio for the fiscal year, please check our website periodically over the next few months for its availability. I have included the Web link below to the 2008 report for your review.

 

http://www.calstrs.com/help/forms_publicat...tCAFR/CAFR.aspx

 

If you are referring to the annual CalSTRS Financial Statement, please follow the Web link below to review the 2008-2009 report.

 

http://www.calstrs.com/help/forms_publicat...alstrs_2009.pdf

 

You can find extensive CalSTRS investment information by following the Web link below.

 

http://www.calstrs.com/Investments/index.aspx

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OK, $43B short, what do you think can/will happen? The CalSTRS team can recommend raising taxes to meet future obligations but cannot force legislation. And the state is cutting everywhere already. Doesn't look good for anyone right now. Maybe no COLA increases for a while?

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Yakers,

No doubt they will implement some sort of two tiered system. We will be OK, its the new teacher that will be effected. I also think that they should do something about the higher paid employees, the high level administrators who work for gobs of money and then take home over 150,000, that is an abuse of a system that was structured from the beginning to SUPPLEMENT retirement, not only fund it fully, but LAVISHLY. It is getting more and more difficult to defend public pensions because of the excesses of the few and taxpayers are rightly angry. How can CalSTRS go to Sacramento with hat in hand even next year? I don't think the budget situation in Sacramento will be any better than it is now.

Steve

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