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STRS reports $97 billion in assets and a roughly $4 billion negative cash flow; COLA tradeoffs stressed
Summary
Aaron Hood, interim executive director of the State Teachers Retirement System, told the committee STRS holds about $97 billion in assets but runs an estimated $4 billion negative cash flow that makes recurring COLAs actuarially costly; he urged careful legislative tools and noted internal management of 70% of assets.
Aaron Hood, interim executive director of the State Teachers Retirement System, briefed the House Public Insurance and Pensions Committee on STRS’ finances and demographic pressures. Hood said STRS had approximately $97,000,000,000 in assets as of June 30, 2024 and paid roughly $8 billion in benefits in fiscal 2024 to about 157,000 recipients; he added the system faces an estimated $4 billion negative cash flow that must be made up by investment returns.
Hood described STRS’ investment approach — roughly 70% internally…
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