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.
403bCompare.com was created to help employees of California’s school districts, community college districts and county offices of education make better-informed investment decisions by offering information about:
403(b) plans, available investment options, fees involved and product performance information.
Registered 403(b) vendors’ experience and services for the products supplied.
General retirement planning information and educational materials.
CalSTRS partnered with bWiseGuys, LLC to create the 403(b) + 457(b) Information Portal website. This self-navigation site is designed to help school employees find information about the supplemental retirement savings plans available through their employers.
CalSTRS does not provide health or dental insurance coverage. Under California Education Code sections 7000-7008, school districts, community colleges and county offices of education must offer retiring CalSTRS members and their spouses or registered domestic partners the opportunity to continue their medical and dental insurance at their own cost.
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.
Fast Facts are a quick glimpse into the most current information on CalSTRS membership, investments and funding as of June 30, 2013. For more detailed information see the Comprehensive Annual Financial Report.
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