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.
This directive applies to all county superintendents of schools, school districts, community college districts, and other employing agencies that employ persons to perform creditable service under the California State Teachers’ Retirement System (CalSTRS) Defined Benefit (DB) Program, Defined Benefit Supplement (DBS) Program and Cash Balance (CB) Benefit programs.
The purpose of this directive is to inform chartering authorities of a required change to the reporting of Monthly Reports of Retirement Contributions (F-496 files). This requirement is fully compliant with Chapter 3 of Part 26.8 of the Education Code, which mandates reporting of contributions in a format conforming to the requirements of CalSTRS.
The purpose of this employer directive is to inform employers of the procedures required to establish and report (a) voluntary receivable payments (tax deferred and non-tax deferred) under Internal Revenue Code Section 414 (h)(2) and Education Code Section 22801(a), 22823, 22826(b), and 23203(c), and (b) mandatory receivable payments (nontax deferred) for overpaid benefits under Education Code Section 22459.
This directive contains information for county superintendents of schools, school districts, community college districts, and any agencies that utilize retired members of the Defined Benefit Program (referred to in this directive as “retired CalSTRS members”) to perform creditable service.
Electronic privacy is crucial for the ongoing success of the Internet as a convenient means to provide customer service. Your personal information will be used only to conduct CalSTRS-related business.