WEST SACRAMENTO, Calif. – The California State Teachers’ Retirement System (CalSTRS) received its final $15.6 million payment of compensation from the 1997 sale of the Elk Hills Naval Petroleum Reserve as part of the $1.1 trillion budget appropriation bill signed into law today by the President.
WEST SACRAMENTO, Calif. – The California State Teachers’ Retirement System’s (CalSTRS) Corporate Governance 2014 Annual Report shows its engagement with small-cap companies yielded remarkable progress in the adoption of majority voting standards for the election of corporate directors.
The Corporate Governance 2014 Annual Report reflects four years of work with small-cap companies—those with a capitalization of $2 billion or less—to adopt the majority-vote standard. The standard requires directors to receive a majority of shareholder support to be elected to the board.
In 2013 CalSTRS celebrated a century of securing the financial future and sustaining the trust of California’s educators. Delivering on our promise of a secure retirement educators can count on year in and year out for 100 years is an accomplishment we are proud to celebrate with you.
CalSTRS was founded in 1913 with 120 retired members and 15,000 active members. One hundred years later, CalSTRS remains committed to its mission to secure the financial future of California’s educators, providing retirement, disability and survivor benefits for 862,000 educators and their families.
Over the last 100 years, CalSTRS hasn’t just kept pace with California’s evolving history; we’ve been an important part of that history.
Each new year brings the promise of a fresh start. For CalSTRS, 2013 marks an especially significant year for the fund when we celebrate 100 years of service to California’s educators and their families. CalSTRS began in 1913 with 16,020 active and retired members, and has grown to presently include 862,000 members with a portfolio value of more than $157 billion. One hundred years of service is an accomplishment to be proud of, and wonderful, time-honoring events are in store to commemorate this special occasion.
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