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.
WEST SACRAMENTO, CA – The California State Teachers’ Retirement
System (CalSTRS) is part of a group of nine public pension funds
that has filed a shareholder resolution asking the board of
directors of energy-drilling company Nabors Industries to grant
substantial, long-term shareholders the right to nominate
directors using the company’s proxy statement.
WEST SACRAMENTO, CA – The California State Teachers’ Retirement
System (CalSTRS) responded today to a report issued by the
Institute for Economic Policy Research at Stanford University.
The
study’s findings are based on improbable scenarios and
unrealistic assumptions and miss the mark.
WEST SACRAMENTO, CA – The California State Teachers’ Retirement
System today announced that it has received top honors among
large public pensions as an investment industry innovator from
aiCIO magazine.
WEST SACRAMENTO, CA – The California State Teachers’ Retirement
System (CalSTRS) today announced the election of three members to
the CalSTRS governing board by current public school educators.
The election results were certified by CalSTRS CEO Jack Ehnes and
identified the two Board members elected by pre-kindergarten to
twelfth grade educators as:
WEST SACRAMENTO, CA – The California State Teachers’ Retirement
System (CalSTRS) today announced the selection of Lyxor Asset
Management as its advisor in the development of a new global
macro hedge fund strategy.
The selection of Lyxor concludes a 15-month selection process for
a consultant to help CalSTRS investment staff initiate, monitor
and assess its global macro hedge fund strategy.
WEST SACRAMENTO, CA – CalSTRS Staff drafted an
analysis of the Governor’s 12-point pension reform proposal,
which Deputy CEO Ed Derman presented to the Conference Committee
on Public Employee Pensions at its December 1, 2011 hearing. The
CalSTRS Board has not taken a position on the Governor’s pension
reform proposal.
Governor Brown announced today the appointment of Michael Lawson
and Paul Rosenstiel to the Teachers’ Retirement Board, which
oversees the retirement benefits for California’s K-12 and
Community College educators covered under CalSTRS.
WEST SACRAMENTO, CA – The California State Teachers’ Retirement
System (CalSTRS) announced today that its headquarters building
received the U.S. Green Building Council’s (USGBC) Platinum
certification in Existing Building and Operations Maintenance
(EB:OM) for Leadership in Energy and Environmental Design,
otherwise known as LEED®. Platinum is the highest sustainability
rating the USGBC offers.
WEST SACRAMENTO, CA – The California State Teachers’ Retirement
System (CalSTRS) applauds the appointment of its longtime
corporate governance partner, Ralph Whitworth, to the
Hewlett-Packard Board of Directors.
The California State Teachers’ Retirement System (CalSTRS)
applauds the appointment of its longtime corporate governance
partner, Ralph Whitworth, to the Hewlett-Packard Board of
Directors.
WEST SACRAMENTO, CA – The California State Teachers’ Retirement
System (CalSTRS) adopted a policy calling for portfolio companies
to annually report their expenditures on political contributions.
WEST SACRAMENTO, CA – A national study analyzing the
effectiveness of defined benefit pensions on teacher retention
and productivity found that pensions play a critical role in
recruiting and retaining highly productive California teachers.
This increases California’s school effectiveness, thereby
benefitting students, according to the study titled, “Three Rs of
Teacher Pension Plans: Recruitment, Retention, and Retirement,”
issued by the National Institute on Retirement Security (NIRS).
WEST SACRAMENTO, CA – The California State Teachers’
Retirement System (CalSTRS) announced today that Chief Executive
Officer, Jack Ehnes, received the 2011 Employee Benefit Research
Institute (EBRI) Lillywhite Award, recognizing outstanding
lifetime service and contributions to Americans’ economic
security.
The award was presented to Ehnes at an event held by Pensions
& Investments in San Francisco.
“Jack is a tireless advocate for the long-term security of
retirement benefits and responsible investing.
WEST SACRAMENTO, CA – The California State Teachers’ Retirement
System (CalSTRS) announced today that Chief Executive Officer,
Jack Ehnes, received the 2011 Employee Benefit Research Institute
(EBRI) Lillywhite Award, recognizing outstanding lifetime service
and contributions to Americans’ economic security.
The award was presented to Ehnes at an event held by Pensions
& Investments in San Francisco.
While CalSTRS is disappointed with the outcome of today’s News
Corp. annual meeting, we are not surprised, given the
disenfranchisement of certain shareholders.
However, we are heartened by the strong showing of support for
governance changes at the company. The high number of withholds
for certain directors demonstrates the strong desire of
unaffiliated shareholders, such as CalSTRS, for a more
independent board. In addition, the large negative vote on News
Corp.’s say-on-pay proposal shows a greater need for alignment of
interest between shareholders and management.
WEST SACRAMENTO, CA – The California State Teachers’ Retirement
System (CalSTRS) announced today its determination that the Yuba
Community College District incorrectly reported compensation to
CalSTRS that resulted in $844,000 in pension overpayments,
otherwise known as pension spiking, to 44 benefit recipients.
Pension spiking is defined as the inflation of pay during the
final compensation period for the purpose of increasing the
pension benefit.
WEST SACRAMENTO, CA – The California State Teachers’ Retirement
System (CalSTRS) announced today it has hired MaryAnn
Campbell-Smith as its Chief Auditor, effective October 10, 2011.
Campbell-Smith has been a Certified Public Accountant since 1988
and has more than 30 years of auditing and management experience.
She comes to CalSTRS from the California Department of
Transportation, where she was initially responsible for internal
audits of department programs and later directed audits of the
department’s for-profit contractors and local government
agencies.
WEST SACRAMENTO, CA – The California State Teachers’ Retirement
System (CalSTRS) announced today the naming of Chief Executive
Officer Jack Ehnes and Director of Corporate Governance Anne
Sheehan to the National Association of Corporate Directors’ list
of the 100 most influential corporate governance professionals
for 2011.
WEST SACRAMENTO, CA – The California State Teachers’ Retirement
System (CalSTRS) today announced that Pension2® Administrator
Julia Durand has been elected president of the National
Association of Government Defined Contribution Administrators,
Inc., (NAGDCA), for 2011-12.
WEST SACRAMENTO, CA – The Diverse Director DataSource, a new resource for finding untapped talent to serve on corporate boards, is now open to qualified candidates.
WEST SACRAMENTO, CA – The
California State Teachers’ Retirement System (CalSTRS) announced
today that members seeking a residential loan through the CalSTRS
Home Loan Program must have their applications submitted to
participating lenders and have interest rates locked in by
September 30, 2011.
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?
