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) released a statement today regarding its
investments in private equity funds managed by Cerberus Capital
Management that are invested in the Freedom Group, which
manufactures firearms:
“The tragic and devastating acts that took place December 14 at
Sandy Hook Elementary School in Connecticut have prompted many in
this country to call for change: To determine what we can do
differently to help ensure the unthinkable never happens again.
WEST SACRAMENTO, CA – FTSE Group (“FTSE”), a leading global index
provider and a pioneer in responsible investment, announced that
Jack Ehnes, CEO of CalSTRS (California State Teachers’ Retirement
System) will serve as the new chairman of the FTSE Environmental
Markets Committee.
WEST SACRAMENTO, CA – California State Teachers’ Retirement
System’s (CalSTRS) Corporate Governance Director, Anne Sheehan,
has been named to the board of directors of the newly-launched
Sustainability Accounting Standards Board (SASB).
WEST SACRAMENTO, CA – The California State Teachers’ Retirement
System (CalSTRS) today announced the launch of a real estate
joint venture focused on urban retail properties in underserved
communities. The partnership has the potential of reaching $250
million in commitments.
WEST SACRAMENTO, CA – The California State Teachers’ Retirement
System (CalSTRS) released a statement today outlining its votes
at the News Corp. annual meeting. CalSTRS Director of Corporate
Governance Anne Sheehan said:
WEST SACRAMENTO, CA – The California State Teachers’
Retirement System (CalSTRS) today announced the expansion of its
infrastructure program that includes a $42.8 million commitment
to four California investments. Two of the investments are
construction projects.
WEST SACRAMENTO, CA – CalSTRS CEO Jack Ehnes issued a statement
today in response to State Controller John Chiang’s “Pension
Controls and Mechanisms” review addressing pension spiking:
“Last year, before the State Controller announced plans for his
review, CalSTRS had identified the need to make aggressive
changes and upgrades to mitigate pension spiking. This resulted
in the creation of a toll-free Pension Abuse Reporting Hotline
and a dedicated Compensation Review Unit to investigate suspected
pension spiking cases.
WEST SACRAMENTO, CA – The California State Teachers’ Retirement
System (CalSTRS) today released a statement on the findings of
its
audit of the City College of San Francisco (CCSF), covering
the period from July 1, 2006 to June 20, 2011.
WEST SACRAMENTO, CA – CalSTRS, the California State Teachers’
Retirement System, reports overwhelming success regarding
adopting a majority voting standard in director elections with
the 95 companies engaged in the 2012 proxy season.Eighty-two of
those companies adopted a majority voting standard.
NEW YORK, NY – The Diverse Director DataSource (3D), a new resource for finding untapped talent to serve on corporate boards, is now open for corporations, search firms and shareowners looking for diverse talent for corporate boards.
WEST SACRAMENTO, CA – Flat investment returns at CalSTRS, the
California State Teachers’ Retirement System, reflected the
highly volatile and challenging global markets of the 2011-12
fiscal year.
The 1.8-percent return rate is well below the actuarial assumed
rate of 7.5 percent and 150 basis points below the policy
benchmark, the fund’s performance measuring stick.
WEST SACRAMENTO, CA – CalSTRS calls the naming of Facebook’s
Chief Operating Officer Sheryl Sandberg to its board of directors
a good first step toward greater corporate leadership diversity.
CalSTRS also encourages additional action.
WEST SACRAMENTO, CA – CalSTRS, the California State Teachers’
Retirement System, announced today the $250 million expansion of
its New and Next Generation Private Equity Manager Program with
Invesco Private Capital (IPC). The program’s assets under
management now total $550 million.
WEST SACRAMENTO, CA – CalSTRS, the California State Teachers’
Retirement System, and pension plans from New York, Illinois,
North Carolina and Connecticut today announced success in
achieving corporate board accountability via proxy access at
Nabors Industries, Ltd.—the first such victory at a U.S. public
company.
WEST SACRAMENTO, CA – Jack Ehnes, chief executive officer of
CalSTRS, the California State Teachers’ Retirement System, made
the following statement regarding CalSTRS’ intent to vote its 5.3
million shares, worth $313.5 million, at the upcoming shareholder
meeting:
“CalSTRS believes former and current Wal-Mart executives and
board members breached their fiduciary responsibilities. They did
so by failing to respond to indications of a pattern of unethical
conduct in the company’s foreign operations.
WEST SACRAMENTO, CA – The California State Teachers’ Retirement
Board, the governing body of CalSTRS, today announced the
selection of Pension Consulting Alliance as the private equity
consultant to its Investment Committee for the next five years.
PCA will provide independent assessments of the private equity
portfolio’s performance.
WEST SACRAMENTO, CA – CalSTRS, The California Teachers’
Retirement System, today announced that its employee recognition
program, Virtuosity > CalSTRS Powered by You, garnered
the
2012 RPI Best Practice Standards® Award for Best Overall
Recognition Program from Recognition Professionals
International (RPI).The international award celebrates employee
recognition innovations that enhance organizational per
WEST SACRAMENTO, CA – Anne Sheehan, director of corporate
governance at CalSTRS, has been appointed to the Securities and
Exchange Commission’s Investor Advisory Committee, a requirement
of the
Dodd-Frank Wall Street Reform and Consumer Protection Act.
The five sitting SEC commissioners nominated the committee’s 21
members.
WEST SACRAMENTO, CA – The trustees of CalSTRS, the California
State Teachers’ Retirement System, unanimously elected Dana
Dillon as chair and Harry M. Keiley as vice chair for the
2012-2013 term at their meeting, Thursday April 12, 2012.
The 12-member Teachers’ Retirement Board nominates and elects its
chair and vice chair annually. Trustees serve four-year terms.
The officers provide leadership to the board as they develop
policies and provide direction for the nation’s largest teacher
pension fund. The new officers assume their posts immediately.
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?
