SACRAMENTO, CA – California State Teachers’ Retirement System (CalSTRS) trustees today called on 13 international energy companies with which it invests to take immediate steps to assess the risks to their business operations in Iran. CalSTRS, the nation’s second-largest public pension fund, estimates it has $1.4 billion invested in these companies that have some operations in Iran.
Sacramento, CA – Jack Ehnes, CalSTRS chief executive officer, today reported California’s retired teachers have less financial help from their employers for their health care coverage than just three years ago. In testimony before the Public Employee Post-Employment Benefits Commission, Ehnes reported on results of the second health benefits survey done by California State Teachers’ Retirement System (CalSTRS).
Sacramento, CA – The nation’s two largest public pension funds today called on UnitedHealth Group to respond to owners of $28 billion in stock who voted for a proposal seeking investor access to board election ballots.
SACRAMENTO, CA – A desire for improved shareowner democracy by the UnitedHealth Group directors has prompted the California State Teachers’ Retirement System to ask UNH shareowners to support Proposal 4 on the company’s May 29th ballot.
SACRAMENTO, CA – Retirement benefits paid by the state’s two big public pension funds, the California Public Employees’ Retirement System (CalPERS) and the California State Teachers’ Retirement System (CalSTRS), generate a powerful $21 billion in economic activity statewide every year, according to the first ever study of pension payments, CalPERS announced today.
SACRAMENTO, CA – The board of the California State Teachers’ Retirement System elected Dana Dillon as Chair and Jerilyn Harris as Vice-Chair for the 2007-08 term during its regularly scheduled meeting April 5.
SACRAMENTO, CA – The California State Teachers’ Retirement System has seen both near- and long-term improvements in governance efforts and stock performance of those companies previously placed on its “Workplan” list.Of the five companies identified as poor performers in October 2005, four have made significant changes to their governance, leading to increased board independence, improved accountability to shareholders and po
SACRAMENTO, CA – The California State Teachers’ Retirement System announced today an expansion of its supplemental retirement savings program with the addition of 457 and Roth 403(b) plans by late 2007. What this means for the more than one million California public school employees and their families is they will have more avenues to boost their retirement security.
SACRAMENTO, CA – The California State Teachers’ Retirement System seeks an alternative investment consultant to provide expertise, advice, and recommendations to the CalSTRS Investment Committee related to the overall investment strategy, policies and practices of the CalSTRS alternative investment program.
SACRAMENTO, CA – The nation’s two largest public pension funds – owners of more than $1.2 billion in stock at Hewlett-Packard Company – today asked HP shareowners to pass Proposal 3 on the company’s March 14 ballot that would give shareowners a voice in nominating independent directors.
SACRAMENTO, CA – The California State Teachers’ Retirement System has launched a search for one or more firms that are experienced in administering deferred compensation plans for new services that CalSTRS will offer later this year.
SACRAMENTO, CA – The California State Teachers’ Retirement System today announced a $105 million settlement in a securities fraud case against AOL Time Warner, its accountants, banks and several former executives.The suit charged that AOL artificially inflated its stock price in 2000 and 2001 prior to its merger with Time Warner, resulti
Washington, D.C. – Three national trade organizations today filed articles of incorporation to establish a new non-profit, the National Institute on Retirement Security. This unique partnership will create an entity dedicated to conducting research and education programs to foster a deep understanding of the traditional pension system in the U.S.
Sacramento, CA – The California State Teachers’ Retirement System has reached a settlement of $46.5 million with Qwest Communications.The lawsuit accused the telecommunications firm of misrepresenting its financial well-being by artificially inflating its stock price in 2001, leading to fina
Sacramento, CA – According to a report released today by CalSTRS and CalPERS, few of the world’s electric power companies are creating overall economic value — if they account for the environmental impact of their carbon emissions,.
Sacramento, CA – The California State Teachers’ Retirement System (CalSTRS) and the California Public Employees’ Retirement System (CalPERS) today unveiled a groundbreaking database of more than 700 emerging managers and financial service providers.
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.