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 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.
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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.