WEST SACRAMENTO, Calif. (May 15, 2019) – The California State Teachers’ Retirement System today announced its acquisition of the majority interest in Fairfield Residential Company LLC from Brookfield Asset Management. Brookfield retained its interest in the investment manager of Fairfield’s affiliated real estate funds. Recently CalSTRS adopted a Collaborative Model for investments across all asset classes in its portfolio. This approach supports identifying and investing in strategic opportunities, such as the acquisition of real estate operating companies like Fairfield.
WEST SACRAMENTO, Calif. (May 9, 2019) – The Teachers’ Retirement Board today received the results of the actuarial valuation for the CalSTRS Defined Benefit Program as of June 30, 2018. The actuarial valuation provides a snapshot-in-time of the system’s financial health, in addition to monitoring the system’s funding status and its ability to meet long-term commitments.
Requests the Securities and Exchange Commission (SEC) to implement its proposed shareholder participation rules in order to address the need for reform in corporate transparency and give shareholders access to the proxy
Version: Chaptered (Resolution Chapter 92, Statutes of 2004)
Allows up to 2/10 of one year of unused sick leave to count toward qualifying for one-year final compensation, a longevity bonus and other benefit enhancements. Exempts Defined Benefit Program members and Cash Balance Benefit participants, called to uniformed service, from paying employee contributions, for up to one year.
Version: Chaptered (Chapter 911, Statutes of 2004)
Requires the retired member seat on the board be elected by retired members of the Defined Benefit Program and those receiving a disability allowance, and participants of the Cash Balance Benefit Program receiving annuity payments.
Requires public pension systems in California to obtain specific information from corporations in which they invest related to their compliance with international standards relating to, and their violations of, public health and human rights standards, and requires the systems to report to the Legislature to the extent feasible.
Version: Amended 5/11/2004
Sponsor: Natural Heritage Institute, California Right to Know Coalition
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