CalSTRS has conducted an assessment of AB 340, the California
Public Employees’ Pension Reform Act of 2013, and its impact on
CalSTRS members and operations and outlined key changes.
SACRAMENTO, CA – Ceres, a
national network of investors and environmental organizations
today named California State Teachers’ Retirement System
(CalSTRS) Chief Executive Officer, Jack Ehnes, to its board of
directors
Teacher pension dollars, and the economic activity they generate,
have a larger economic benefit to California than the furniture
or oil and gas extraction industries, according to the study,
The Annual Economic Impacts of CalSTRS Benefit Payments.
The study was commissioned by CalSTRS and conducted by the
Applied Research Center at California State University,
Sacramento in 2007. Data is available for ten rural counties. (12
individual news releases)
SACRAMENTO, CA – The
California State Teachers’ Retirement System (CalSTRS) announced
today the appointment of Anne Sheehan to the newly created
position of Director of Corporate Governance. She will join the
staff in October to guide its corporate governance program to a
higher level of activism.
SACRAMENTO, CA – Cassandra
Lichnock has been named director of Human Resources and
Organizational Development for the California State Teachers’
Retirement System (CalSTRS). She begins work at the nation’s
second-largest public pension fund on Aug. 25.
SACRAMENTO, CA – The
California State Teachers’ Retirement System (CalSTRS) today
launched a search for a consultant team to research, design and
implement a best practice model for pension accounting and to
provide CalSTRS employees transition support and training in its
operation.
The final filing date for proposals is Sept. 8, 2008, with the
selection expected to be in October.
SACRAMENTO, CA – California
State Teachers’ Retirement System (CalSTRS) investments took a
3.7 percent hit in the fiscal year ending June 30, 2008. Even
with its first loss in six years, CalSTRS outperformed its
benchmark, which dipped 3.8 percent.
The news from the $162.2 billion fund comes amid the gloom of a 5
percent average loss for public pensions, according to Merrill
Lynch analysts.
SACRAMENTO, CA – With a
resolution, a letter of congratulations – and a cake – the
California Legislature and Governor Schwarzenegger’s office today
recognized the California State Teachers’ Retirement System’s
(CalSTRS) 95 years of service in support of the state’s
educators.
SACRAMENTO, CA – California
State Teachers’ Retirement System (CalSTRS) today was recognized
for its commitment to involving women and minorities in the
securities industry by the National Association of Securities
Professionals.
SACRAMENTO, CA – The
California State Teachers’ Retirement System (CalSTRS) today
launched a national search for a Director of Global Equities to
oversee a portfolio valued at more than $100 billion.
SACRAMENTO, CA – Former Securities and Exchange Commission Chairman Arthur Levitt, Jr. spoke at the June 5 meeting of the Teachers’ Retirement Board, giving a presentation to trustees that touched on regulatory changes in the U.S, corporate governance, and the state of the accounting industry.
SACRAMENTO, CA – ONEOK
Shareholders solidly supported a California State Teachers’
Retirement System (CalSTRS) call for the Tulsa-based gas pipeline
company to report on greenhouse gas emissions.
Despite ONEOK (NYSE: OKE) management’s opposition, 33 percent of
shareholders supported Proposal #8 as reported at the company’s
May 15, 2008 annual meeting.
SACRAMENTO, CA – The
California State Teachers’ Retirement System (CalSTRS) today
announced its intent to award contracts to three investment
management firms that will implement a developing manager program
in its fixed income portfolio.
SACRAMENTO, CA –
RiskMetrics Group, the nation’s leading proxy advisor, recommends
investors support a shareholder resolution filed with Tulsa-based
ONEOK, Inc., seeking a report on its greenhouse gas emissions.
SACRAMENTO, CA – The
California State Teachers’ Retirement System (CalSTRS) is
pressing natural gas pipeline company ONEOK to report on its
greenhouse gas emissions through shareowner Proposal 8, scheduled
for a vote at the May 15, 2008 annual meeting.
SACRAMENTO, CA – The
California State Teachers’ Retirement System (CalSTRS) announced
today the appointment of nationally known executive Michael P.
McCauley to guide its corporate governance program to a higher
level of activism. He comes on board June 1, 2008.
SACRAMENTO, CA – Trustees
of the California State Teachers’ Retirement System (CalSTRS)
unanimously re-elected Dana Dillon as Chair and Jerilyn Harris as
Vice-Chair for the 2008-09 term at their April 3 meeting.
SACRAMENTO, CA – Leading U.S. investors announced today that
Dynegy, a Houston-based company that provides wholesale
electricity to utilities, cooperatives, municipalities and other
energy companies in 15 states, has agreed to prepare a report for
shareholders on how it is responding to the business challenges
posed by climate change.
SACRAMENTO, CA – The California State Teachers’ Retirement System
(CalSTRS) announced today it will expand its relationship with
Invesco Private Capital as the manager for its CalSTRS New and
Next Generation Manager Fund II, a $200 million private equity
portfolio. Invesco Private Capital has offices in San Francisco,
New York, Boston and London.
SACRAMENTO, CA – The
California State Teachers’ Retirement System (CalSTRS) trustees
voted today to oppose California Assembly
Bill 1967 due to its restriction to the board’s investment
authority and significant negative financial impact to the
investment portfolio.
SACRAMENTO, CA – The
California State Teachers’ Retirement System (CalSTRS) today
announced its selection of four investment management firms to
construct, manage and monitor a fund of funds for its $1.8
billion U.S. Equities Developing Manager Program.
Your retirement benefit is based on a formula (Service Credit x
Age Factor x Final Compensation = Member-Only Benefit). How
confident are you in your understanding of how this formula
determines your Member-Only Benefit amount?
