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.
CalSTRS primary focus is the pensions of California educators, but the availability of affordable health care can have a tremendous impact on the ability of members to maintain their standard of living in retirement.
CalSTRS plays no role in providing health benefits to active members. Instead, provision of health insurance is a collective bargaining issue addressed at the local district level. However, CalSTRS has studied health care benefits provided to its members, conducting surveys of districts and teachers.
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