WEST SACRAMENTO, Calif. – The California State Teachers’ Retirement System (CalSTRS), in collaboration with the California Public Employees’ Retirement System (CalPERS), sent the 131 California companies in their portfolios that lack women directors a letter offering their combined expertise to help diversify their boards.
WEST SACRAMENTO, Calif. – California State Teachers’ Retirement System (CalSTRS) today announced the promotion of Lisa Blatnick to Chief of Administrative Services, an executive position focused, in part, on attaining business goals outlined in CalSTRS 2014-15 fiscal year business plan. Ms. Blatnick’s position was effective August 1, 2014.
CalSTRS unfunded actuarial obligation primarily resulted from lower than expected investment returns stemming from the 2008 global financial market collapse coupled with the 2001 dot com bust. In fiscal year 2009 alone, the fund experienced a 25 percent loss. Contribution rates remained unchanged despite these losses because, unlike most other pension systems, CalSTRS does not have the legal authority to increase them.
This study was prepared for CalSTRS by the Applied Research Center at the California State University, Sacramento. The study examines the economic impacts of CalSTRS on the economies of the state of California and its 58 counties.
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