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.
The Teachers’ Retirement Board is charged with maintaining a strong, stable fund in order to pay benefits to CalSTRS members and their survivors. To fulfill that responsibility, the board understands the CalSTRS portfolio as the foundation of our members’ retirement security and that good corporate governance is essential to the safety of the portfolio.
All activities of the Corporate Governance program are guided by the CalSTRS Corporate Governance Principles. The principles not only lay the foundation of our proxy voting activities but all of the activities including corporate engagements and market-wide governance initiatives.
CalSTRS Corporate Governance program is focused on the following strategic objectives:
As a large and long-term investor, CalSTRS is in a position to exert influence on the corporations in which it has invested. CalSTRS appreciates and, with prudence and care, uses its opportunity to vote on decisions affecting the guidance and well-being of those investments.
Electronic privacy is crucial for the ongoing success of the Internet as a convenient means to provide customer service. Your personal information will be used only to conduct CalSTRS-related business.
The California State Teachers’ Retirement System website has been developed in compliance with California Government Code §11135, which requires that all electronic and information technology developed or purchased by the State of California is accessible to people with disabilities. There are various types of physical disabilities that impact user interaction on the web. Vision loss, hearing loss, limited manual dexterity, and cognitive disabilities are examples, with each having different means by which to access electronic information effectively.