WEST SACRAMENTO, Calif. – CalSTRS voted its 11.6 million shares against long-tenured board members John D. Baker II, John S. Chen, Lloyd H. Dean, Enrique Hernandez, Jr., Donald M. James, Cynthia H. Milligan, Federico F. Peña, Stephen W. Sanger, and Susan G. Swenson. These board members failed in their duty to shareholders to identify the weaknesses in the company’s risk and oversight mechanisms.
WEST SACRAMENTO, Calif. – The California State Teachers’ Retirement System today announced that Governor Brown has appointed Karen Yamamoto to the California State Teachers’ Retirement Board. The board oversees the retirement benefits for California’s prekindergarten–12 and community college educators covered under the California State Teachers’ Retirement System (CalSTRS).
CalSTRS is required to adopt regulations following the procedures established in the Administrative Procedure Act (APA). A regulation is defined in Government Code section 11342.600:
“Regulation means every rule, regulation, order, or standard of general application or the amendment, supplement, or revision of any rule, regulation, order, or standard adopted by any state agency to implement, interpret, or make specific the law enforced or administered by it, or to govern its procedure.”
Materials related to proposed actions to adopt, amend and repeal regulations can be found on this page.
To request to receive notification and updates regarding any of CalSTRS rulemaking activities, send your name and contact information to Regulations@CalSTRS.com or contact Governmental Relations at 916-414-1994. Please specify which rulemaking action you would like to receive notifications regarding; otherwise, you will receive notification of all CalSTRS rulemaking activities. To conserve paper, we ask that you provide your email address so that we can send you notification and updates regarding rulemaking activities via email. If you prefer to receive communication through the mail, please provide your mailing address.
The amendments proposed in this rulemaking action explicitly allow establishment of a class of employees based on employment in the same program established under a Local Control and Accountability Plan, address gaps that have been identified in the definitions of “salary” and “remuneration that is paid in addition to salary,” and remove an unintended loophole that was included in the original language regarding successor pay. The amendments also include conforming changes or changes for ease of reading.
Electronic privacy is crucial for the ongoing success of the Internet as a convenient means to provide customer service. Your personal information will be used only to conduct CalSTRS-related business.
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.