WEST SACRAMENTO, Calif. – The California State Teachers’ Retirement System’s Director of Corporate Governance Anne Sheehan was elected Chairman of the Securities and Exchange Commission’s Investor Advisory Committee today.
Ms. Sheehan was appointed as a member of the IAC when it was created in 2012, followed by her election as vice chairman in June 2015. Since April 2017, after Kurt Schacht left the committee, Ms. Sheehan has been acting chairman. In addition, Ms. Sheehan served as Chairman of the Investor as Owner Subcommittee from 2012 to 2014.
CalSTRS Pension2 is CalSTRS’ voluntary defined contribution plan. Pension2 offers the opportunity to invest through tax-advantaged payroll deductions in low cost, flexible 403(b), Roth 403(b) and 457(b) plans for additional retirement savings.
Complements your CalSTRS retirement benefit.
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Offers tax-advantaged contributions and a variety of investment plans.
Provides objective advice and planning services at no additional cost.
Your CalSTRS retirement benefit is a healthy start to funding your future. But did you know that the median CalSTRS benefit replaces about 50 to 60 percent of a member’s salary? You’ll need to close any gap between your retirement goal and your retirement benefit with personal savings and investments.
We invite you to join your peers in learning how to make smart financial decisions today so you’ll be able to enjoy your future. All workshops are about two hours, with dates and locations across the state.
The CalSTRS Pension2 Advisory Committee selects each of the core funds to ensure the highest quality investment choices. The funds are continuously monitored to ensure that they meet the performance standards of CalSTRS and any fund that does not will be placed on the investment watch list. If the fund continues to underperform, a new fund will be selected as a replacement.
Your CalSTRS retirement benefit will replace, on average, about 54 percent of your current salary. Need more for retirement? Check out our “Why Wait” and “What If” calculators and see what a difference a few years can make.
The CalSTRS Pension2 watch list details which of our current investment options we are concerned with and watching closely. Options placed on the list may, based on our monitoring criteria, later be removed from the watch list or removed/replaced from our available investment options.
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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.