WEST SACRAMENTO, Calif. – The California State Teachers’ Retirement System is celebrating the appointment of its Chief Operating Investment Officer, Debra Smith, to the Public Company Accounting Oversight Board’s Standing Advisory Group. Ms. Smith will represent the investors’ perspective and voice in the advisory group. Her three-year term runs through the end of 2019.
WEST SACRAMENTO, Calif. – Consistent with its commitment to ensuring a financially sound retirement system, the California State Teachers’ Retirement Board today voted to adopt a new set of actuarial assumptions that reflect members’ increasing life expectancies and current economic trends. Today’s decisions were based on the multi-year CalSTRS Experience Analysis, commonly referred to as the experience study, spanning July 1, 2010, through June 30, 2015.
This three-year plan has four goals that present a balanced approach to organizational strategies. Each goal has supporting objectives and measures of success. The plan is not a detailed road map or a step-by-step tactical plan with initiatives and activities–that’s reserved for our annual business plan. Instead, the strategic plan provides overarching goals, objectives to guide our collective direction, and measures to evaluate our success.
The CalSTRS 2016-19 Strategic Plan was adopted by the Teachers’ Retirement Board on July 14, 2016.
Progress on the business plan and overarching strategic plan is reported and evaluated annually through an Accomplishments Report to the board.
This five-year plan contains a framework for identifying the skills and competencies needed in the CalSTRS workforce, strategies for selecting, developing, supporting and retaining that workforce, and opportunities and challenges facing CalSTRS in response to and support of our long-term strategic and annual business plans.
This five-year plan describes the current state of the CalSTRS leadership team, outlines initiatives to build a viable pool of successors, identifies what drives and cultivates successful leaders at CalSTRS, and maps strategies for developing and retaining future leaders.
The plan supports the recommendations of the CalSTRS Workforce Strategy Plan and is aligned with the CalSTRS long-term strategic and annual business plans.
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