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The California State Teachers' Retirement System (CalSTRS) provides retirement, disability and survivor benefits for Californias 868,493 prekindergarten through community college educators and their families. CalSTRS was established by law in 1913 and is part of the State of Californias Government Operations Agency. As of November 2013, CalSTRS is the largest teachers' retirement fund in the United States. CalSTRS is also currently the thirteenth largest public pension fund in the world. As of November 30, 2015, CalSTRS managed a portfolio worth $188.4 billion. CalSTRS members, as of June 30, 2014, include employees of approximately 1,700 employers: The Teachers' Retirement Fund is a special trust fund established by law that holds the assets of the following programs:
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