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 – The
California State Teachers’ Retirement System (CalSTRS) today
launched a search for independent fiduciaries to screen
partnerships, make recommendations and help investment staff
negotiate with prospective partners for the CalSTRS Private
Equity Proactive Portfolio.
SACRAMENTO, CA – Current
California public school educators elected three members to the
governing body of the California State Teachers’ Retirement
System. In election results announced today, the two Teachers’
Retirement Board members elected by the kindergarten through
twelfth grade educators are:
SACRAMENTO, CA – The California State Teachers’ Retirement System
today announced The Townsend Group as its consultant to advise
CalSTRS’ Investment Committee on overall real estate investment
strategy, policies and practices.
The Townsend Group works for the Investment Committee and with
CalSTRS investment staff to monitor and comment on the real
estate portfolio performance and policy.
SACRAMENTO, CA – CalSTRS
Chief Executive Jack Ehnes today joined the nation’s top
institutional investors calling for the chairman of the
Securities and Exchange Commission to delay decisions on proposed
rules that could weaken shareholders’ ability to nominate
directors for election to corporate boards.The proposed SEC
rules, S7-16-07 and S7-17-07, impact the ability of shareholders
to nominate directors to corporate boards
SACRAMENTO, CA – The California Supreme Court has declined to
review a lower court decision awarding California State Teachers’
Retirement System’s (CalSTRS) $200 million in interest payments
on $500 million withheld by the state in 2003-2004. The funds
support CalSTRS’ inflation-protection program, the Supplemental
Benefit Maintenance Account (SBMA).
SACRAMENTO, CA – California
State Teachers’ Retirement System (CalSTRS) today announced
support for the Principles for Responsible Investment, a menu of
actions on environmental, social and governance issues in making
investment decisions.
SACRAMENTO, CA – The
California State Teachers’ Retirement System (CalSTRS), today
issued a request for proposals seeking alternative investment
portfolio advisors to recommend partnerships, perform due
diligence and assist and advise CalSTRS staff.
The final filing date for proposals is Nov. 29, 2007, with
selections expected by early 2008.
SACRAMENTO, CA – The
nation’s second-largest public pension fund today told the
Securities and Exchange Commission its proposed rules for
increasing shareholders’ ability to nominate and elect directors
are counterproductive.
SACRAMENTO, CA – The
California State Teachers’ Retirement System (CalSTRS) today
announced a search for a real estate consultant to provide
expertise and advice to the CalSTRS Investment Committee related
to the overall investment strategy, policies and practices of the
CalSTRS Real Estate Program.
The final filing date for proposals is October 17, 2007, with the
selection expected in January 2008.
SACRAMENTO, CA – West Sacramento public school students will soon
have computers at home to help their learning thanks to the
California State Teachers’ Retirement System (CalSTRS). On
September 24 officials from the Washington Unified School
District and CalSTRS board chair Dana Dillon will present the
first 25 computers to Elkhorn Village Elementary School sixth
graders and their families.
SACRAMENTO, CA – The
California State Teachers’ Retirement System (CalSTRS) has
launched a search to establish manager mandates and a pool of
currency managers to enhance its Currency Management Program.The
final filing date for the request for proposal is October 5,
2007, with selections expected in spring 2008.
SACRAMENTO, CA – The California State Teachers’ Retirement System
(CalSTRS) has received $500 million from the State of California
for a skipped payment to its inflation-protection program, the
Supplemental Benefit Maintenance Account (SBMA). The state
transferred the funds following an August 30 appeals court
decision, which held the state violated its obligation to
California’s retired educators when it withheld the payment for
the 2003-2004 fiscal year.
SACRAMENTO, CA – The
California State Teachers’ Retirement System (CalSTRS) today
announced the four management firms selected for its $225 million
Sustainable Investment Program. These managers will consider
environmental factors in their stock selection and join an
ongoing initiative for “green investments” that includes a $285
million program for clean technology alternative investment
opportunities.
SACRAMENTO, CA – The board
of the California State Teachers’ Retirement System (CalSTRS)
today approved proposed regulations restricting campaign
contributions to board members. Today’s action is the latest step
in establishing the state’s first such regulations for public
pension plans.
SACRAMENTO, CA – The Third
District Court of Appeal in Sacramento issued a decision today
that will require the State of California to pay the California
State Teachers’ Retirement System (CalSTRS) $500 million plus
interest stemming from a withheld payment for fiscal year
2003-2004.The three-member panel unanimously held that the state
violated its contractual obligation to California’s retired
educators when it withheld its
SACRAMENTO, CA – The
California State Teachers’ Retirement System (CalSTRS) posted a
21.0 percent return on investments, adding $26 billion to the
fund with $170.4 billion in assets as of June 30, 2007. The
nation’s second-largest public pension fund doubled its portfolio
in four and a half years following the U.S. stock market’s steep
decline in October 2002.
SACRAMENTO, CA – The California State Teachers’ Retirement System
(CalSTRS) is launching a new program to assist school districts,
county offices of education and community college districts in
complying with new Internal Revenue Service regulations regarding
403(b) supplemental retirement savings plans.
SACRAMENTO, CA and New
York– The California State Teachers’
Retirement System (CalSTRS) and TIAA-CREF, the national financial
services organization and the leading provider of retirement
services in the academic, medical, research and cultural fields,
today announced they have joined forces to expand CalSTRS’
supplemental retirement savings program, which is open to about
800,000 Californians.Through this relationship, CalSTR
SACRAMENTO, CA – The
California State Teachers’ Retirement System’s 2006
Comprehensive Annual Financial Report recently received the
“Certificate of Achievement for Excellence in Financial
Reporting” from the Government Finance Officers Association of
the United States and Canada. The certificate is the highest form
of recognition in the area of governmental accounting and
financial reporting.
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?
