CalSTRS has conducted an assessment of AB 340, the California
Public Employees’ Pension Reform Act of 2013, and its impact on
CalSTRS members and operations and outlined key changes.
WEST SACRAMENTO, CA – California State Teachers’ Retirement System (CalSTRS) Chief Investment Officer Christopher J. Ailman has joined the 300 Club, an independent group made up of leading investment professionals from around the globe.
WEST SACRAMENTO, CA – Shareholders today voted 53 percent to
support the California State Teachers’ Retirement System
(CalSTRS) proposal to split The Timken Company into separate
steel and ball bearing businesses. The move will unlock greater
shareholder value, CalSTRS officials announced at the annual
shareholder meeting in Canton, Ohio.
WEST SACRAMENTO, CA – Despite California State Teachers’
Retirement System (CalSTRS) support, Occidental Petroleum Board
Chairman Ray Irani failed to receive a majority of shareholders’
support. The vote took place today at the company’s annual
meeting in Los Angeles.
WEST SACRAMENTO, CA – The California State Teachers’ Retirement
System (CalSTRS) today issued the following statement, attributed
to Director of Corporate Governance Anne Sheehan.
WEST SACRAMENTO, CA – The public pension fund members of the
Council of Institutional Investors (CII) have elected Anne
Sheehan, of the California State Teachers’ Retirement System
(CalSTRS), to a second yearlong term as chair.
WEST SACRAMENTO, CA – The California State Teachers’ Retirement System (CalSTRS) today announced how it will vote at the May 7, 2013, Timken Company annual shareholder meeting in Canton, Ohio. A detailed vote tally and analysis are available in the Corporate Governance section of the CalSTRS website.
WEST SACRAMENTO, CA – The California State Teachers’ Retirement
System (CalSTRS) Investment Committee today approved the fund’s
divestment from firearms companies that manufacture weapons that
are illegal in California.
WEST SACRAMENTO, CA – The trustees of the California State
Teachers’ Retirement System (CalSTRS) announced today the
re-election of Dana Dillon as chair and Harry Keiley as vice
chair of the board for the 2013-2014 term.
WEST SACRAMENTO, CA – The board of the California State Teachers’
Retirement System (CalSTRS) today adopted the actuarial valuation
of the Defined Benefit Program as of June 30, 2012. The gap
between current assets and the obligations facing the
system—known as the unfunded actuarial obligation—has grown to
$70 billion.
WEST SACRAMENTO, CA – The California State Teachers’ Retirement
System (CalSTRS) announced today the appointment of Cassandra
Lichnock as its first Chief Operating Officer (COO), effective
March 1, 2013.
Ceres proposes recommendations to insurers and regulators to maintain insurability in a warming world.
BOSTON – 2012 was the warmest year on record in the lower 48 states and the second most extreme weather year in United States history. Insurers are increasingly acknowledging that extreme weather has become the new normal, yet a new report from Ceres finds that many in the industry are only just beginning to think about how to address the effects climate change may have on their business – while a small group of companies is leading the way.
WEST SACRAMENTO, CA – The California State Teachers’ Retirement
System (CalSTRS) today issued the following statement regarding
its votes at the Walt Disney Company Annual Shareholder Meeting
in Phoenix, Ariz. This statement is attributable to CalSTRS
Director of Corporate Governance, Anne Sheehan.
Corporate Governance Director Anne Sheehan lays out CalSTRS’
issues with The Walt Disney Company’s governance
structure—especially the current combined role of CEO and Board
Chair—and CalSTRS intent to vote against this and other
structural shortcomings at Disney’s March 6, 2013 annual meeting.
WEST SACRAMENTO, CA. – The California State Teachers’ Retirement
System (CalSTRS) today announced that incorrect payroll data
reported by the Cajon Valley Union School District resulted in
pension overpayments of more than $1 million affecting 77
district retirees.
“On February 14, 2013, CalSTRS submitted its report of possible
funding strategies, Sustaining Retirement Security for Future Generations: Funding the California State Teachers’ Retirement System, to the Legislature as
requested by Senate Concurrent Resolution 105 (Negrete McLeod).
The report doesn’t contain any single funding approach endorsed
by the Teachers Retirement Board. However, from the board’s
perspective as fiduciaries, the definitive approach to address
the funding shortfall fully funds the Defined Benefit Program
within a 30-year timeframe. This approach upholds consistency
with accounting and actuarial standards.
WEST SACRAMENTO, CA – The California State Teachers’ Retirement
System (CalSTRS) today announced its vote at the March 6, 2013,
Walt Disney Company annual shareholder meeting. A detailed vote
tally and analysis are available in the Corporate Governance
section of the CalSTRS website.
WEST SACRAMENTO, CA – The California State Teachers’ Retirement
System (CalSTRS) recently unveiled a redesigned and improved
website, www.CalSTRS.com. The website’s new
design offers California’s educators, stakeholders and the public
improved access to CalSTRS benefits and services information. The
improved site also reflects the organization’s focus on
investments, corporate governance and sustainability, and plan
funding issues.
WEST SACRAMENTO, CA – The California State Teachers’ Retirement
System (CalSTRS) announced today that it is in the process of
recovering more than $500,000 in pension overpayments to 54 Yuba
City Unified School District retirees, the result of incorrectly
reported retirement incentive payments. The finding was made
public in a CalSTRS Audit Report.
WEST SACRAMENTO, CA – Investment staff at the California State
Teachers’ Retirement System (CalSTRS) are involved in the pilot
phase for the Claritas™ Investment Certificate program, designed
to raise the knowledge level of people who work alongside
investment professionals.
WEST SACRAMENTO, CA – The California State Teachers’ Retirement
System (CalSTRS) Investment Committee today issued the following
statement on its decision to direct staff to begin the process of
divestment from firearms companies that manufacture weapons that
are illegal in California.
Your retirement benefit is based on a formula (Service Credit x
Age Factor x Final Compensation = Member-Only Benefit). How
confident are you in your understanding of how this formula
determines your Member-Only Benefit amount?
