WEST SACRAMENTO, Calif. – The California State Teachers’
Retirement System (CalSTRS) today announced the commitment of
$200 million to diversify its Private Equity Proactive Portfolio,
which reaches small, niche emerging managers including those in
underserved domestic markets.
WEST SACRAMENTO, Calif. – California State Teachers’ Retirement
System (CalSTRS) Chief Executive Officer Jack Ehnes issued the
following statement on the joint informational hearing of the
Assembly Committee on Public Employees, Retirement and Social
Security and the Senate Committee on Public Employment and
Retirement held April 9, 2014.
WEST SACRAMENTO, Calif. – The California State Teachers’
Retirement System (CalSTRS) Investment Committee today adopted a
dual-consultant arrangement designed to improve research and
provide broader opinions on key investment issues and decisions.
WEST SACRAMENTO, Calif. – The board of the California State
Teachers’ Retirement System (CalSTRS) today adopted the actuarial
valuation of the Defined Benefit Program as of June 30, 2013. The
gap between current assets and the obligations facing the
system—known as the unfunded actuarial obligation, or funding
gap—has grown to $73.7 billion.
WEST SACRAMENTO, Calif. – The trustees of the California State
Teachers’ Retirement System (CalSTRS) today elected Harry Keiley
board Chair and named Sharon Hendricks as Vice Chair for the
2014-2015 term.
WEST SACRAMENTO, Calif. – The Teachers’ Retirement Board today selected ING U.S. as the new third party administrator, commonly called the recordkeeper, for the California State Teachers’ Retirement System supplementary savings plan, known as Pension2®.
WEST SACRAMENTO, Calif. – California State Teachers’ Retirement
System (CalSTRS) Chief Executive Officer Jack Ehnes issued the
following statement on the joint informational hearing of the
Assembly Committee on Public Employees, Retirement and Social
Security and the Senate Committee on Public Employment and
Retirement held March 19, 2014.
WEST SACRAMENTO, Calif. – The California State Teachers’ Retirement System (CalSTRS) today submitted its first report to the California Legislature outlining progress in bringing emerging managers into the stewardship of its investments.
WEST SACRAMENTO, Calif. – The California State Teachers’
Retirement System’s (CalSTRS) Chief Investment Officer
Christopher J. Ailman expressed his sadness at the news of the
February 26 passing of an esteemed colleague, Joseph A. Dear,
Chief Investment Officer of the California Public Employees’
Retirement System. Mr. Ailman issued the following statement.
WEST SACRAMENTO, Calif. – California State Teachers’ Retirement
System (CalSTRS) Chief Executive Officer Jack Ehnes and Deputy
Chief Executive Officer Ed Derman testified before the Assembly
Public Employees, Retirement and Social Security Committee
hearing, “Addressing the CalSTRS Long-Term Funding Needs:
An Update of the SCR 105 Report.” The February 19 hearing marks
the first in a series to assist legislative development of a
funding policy to resolve the $71 billion CalSTRS funding
shortfall.
WEST SACRAMENTO, Calif. – California State Teachers’ Retirement
System (CalSTRS) Chief Executive Officer Jack Ehnes issued the
following statement on the Legislature’s announcement of a plan
to move forward with legislation, to be amended in Assembly Bill
611, to close the $71 billion CalSTRS funding shortfall.
WEST SACRAMENTO, Calif. – Governor Brown announced today the
appointment of Joy Higa to the Teachers’ Retirement Board, which
oversees the retirement benefits for California’s K-12 and
community college educators covered under the California State
Teachers’ Retirement System (CalSTRS).
WEST SACRAMENTO, Calif. – California State Teachers’ Retirement
System (CalSTRS) Chief Executive Officer Jack Ehnes issued
the following statement on the Administration’s commitment to a
formal funding solution to close the $71 billion CalSTRS funding
shortfall:
“Although no specific amount for CalSTRS funding was included in
the proposed 2014-15 State Budget, language that commits the
Administration to work with all parties toward a funding plan
within 30 years brings promise that its adoption is on the
horizon.
WEST SACRAMENTO, Calif. – The California State Teachers’
Retirement System (CalSTRS) today announced that Chief Investment
Officer Christopher J. Ailman will join the Principles for
Responsible Investment Association Board.
WEST SACRAMENTO, CA – The California State Teachers’ Retirement
System (CalSTRS) today announced that, effective January 1, 2014,
CalSTRS Retirement Progress
Reports (RPR) will be available exclusively online,
unless a paper version is requested. The change is enacted under
Assembly Bill 989.
WEST SACRAMENTO, Calif. – The leadership at the California State
Teachers’ Retirement System (CalSTRS) today expressed its
disappointment that gunmaker, Freedom Group, has not been sold as
the nation marks the eve of the anniversary of the tragedy at
Sandy Hook Elementary School. CalSTRS Chief Investment
Officer Christopher J. Ailman issued the following statement:
WEST SACRAMENTO, CA – California State Teachers’ Retirement
System (CalSTRS) today announced the release of the Green
Initiative Task Force’s seventh annual report detailing
investment activities in environmental risk management and seized
opportunities.
WEST SACRAMENTO, CA – The California State Teachers’ Retirement
System (CalSTRS) today announced the appointment of Sandy Blair
to head the office overseeing the voluntary defined contribution
plan, known as Pension2®.
WEST SACRAMENTO, CA – The California State Teachers’ Retirement
System (CalSTRS) is the first pension plan to be named to
Pensions & Investments magazine’s “Best Places to
Work In Money Management” list, the publication announced this
week.
Inclusion on the list places CalSTRS, the only public entity on
the list, among just 25 companies nationwide to make the list.
WEST SACRAMENTO, CA – The California State Teachers’ Retirement
System (CalSTRS) today announced it has selected Meketa
Investment Group and Pension Consulting Alliance as its general
consultants to the Investment Committee.
WEST SACRAMENTO, CA – The California State Teachers’ Retirement
System (CalSTRS) today announced that, effective January 1, 2014,
CalSTRS Retirement Progress
Reports (RPR) will be available exclusively online, unless a
paper version is requested. The change is enacted under
Assembly Bill 989.
