Posted inLocal News

Teachers’ retirement plans record negative return for first time since Great Recession

FOR THE FIRST time since the Great Recession in 2008, the California State Teachers’ Retirement System had a negative return on investments for the year ending June 30. CalSTRS, which provides retirement benefits for nearly a million current teachers and retirees, saw a minus 1.3 percent return on its portfolio. The year-end value of the […]