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.
The purpose of this directive is to add the employer contribution rate for the Reduced Workload Program and for elected officers of an employee organization adopted by the Teachers’ Retirement Board (Board) in June to previously released Employer Directive 2009-04.
The purpose of this directive is to inform employers of the regular interest and credited interest rates for the Defined Benefit (DB) Program, minimum interest for the Cash Balance (CB) Benefit Program, and the minimum interest rate for the Defined Benefit Supplement (DBS) Program.
This directive contains information for county superintendents of schools, school districts, community college districts, and any agencies that employ CalSTRS retired members to perform creditable service.
The purpose of this directive is to inform employers of required changes to the reporting of Cash Balance Voluntary Deduction Files (VDF). These requirements are fully compliant with Part 14, Chapter 4 (Employer and Participant Responsibilities) of the California Education Code, which mandates reporting of contributions and assessment of penalties.
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