2008 News Releases

2008 News Releases

Overview
News release

Statewide, Retired Educators Benefit Rural Counties Most

 

 

Teacher pension dollars, and the economic activity they generate, have a larger economic benefit to California than the furniture or oil and gas extraction industries, according to the study, The Annual Economic Impacts of CalSTRS Benefit Payments. The study was commissioned by CalSTRS and conducted by the Applied Research Center at California State University, Sacramento in 2007. Data is available for ten rural counties. (12 individual news releases)

 

News release

CalSTRS Seeks Pension Accounting Consultant
The consultant will develop a pension accounting model and train CalSTRS employees to use it.

 SACRAMENTO, CA  – The California State Teachers’ Retirement System (CalSTRS) today launched a search for a consultant team to research, design and implement a best practice model for pension accounting and to provide CalSTRS employees transition support and training in its operation.

The final filing date for proposals is Sept. 8, 2008, with the selection expected to be in October. 

News release

CalSTRS Beats its Benchmark Despite a Troubled Market
The investment portfolio's 3.7 percent loss is the first in six years.

 SACRAMENTO, CA  – California State Teachers’ Retirement System (CalSTRS) investments took a 3.7 percent hit in the fiscal year ending June 30, 2008. Even with its first loss in six years, CalSTRS outperformed its benchmark, which dipped 3.8 percent.

The news from the $162.2 billion fund comes amid the gloom of a 5 percent average loss for public pensions, according to Merrill Lynch analysts.

News release

95 Years Serving State’s Educators Celebrated at CalSTRS Board Meeting
Legislative and gubernatorial representatives recognized CalSTRS’ support of California’s educators since 1913.

 SACRAMENTO, CA  – With a resolution, a letter of congratulations – and a cake – the California Legislature and Governor Schwarzenegger’s office today recognized the California State Teachers’ Retirement System’s (CalSTRS) 95 years of service in support of the state’s educators.

News release

ONEOK Vote Supports CalSTRS Call for Climate Risk Reporting
Proxy votes show growing support for reporting on greenhouse gas emissions.

 SACRAMENTO, CA  – ONEOK Shareholders solidly supported a California State Teachers’ Retirement System (CalSTRS) call for the Tulsa-based gas pipeline company to report on greenhouse gas emissions.

Despite ONEOK (NYSE: OKE) management’s opposition, 33 percent of shareholders supported Proposal #8 as reported at the company’s May 15, 2008 annual meeting.

News release

Investors Get Action From Dynegy on Climate Change

SACRAMENTO, CA – Leading U.S. investors announced today that Dynegy, a Houston-based company that provides wholesale electricity to utilities, cooperatives, municipalities and other energy companies in 15 states, has agreed to prepare a report for shareholders on how it is responding to the business challenges posed by climate change.

News release

CalSTRS Expands New and Next Generation Private Equity Manager Program
Invesco Private Capital to Manage $200 Million Mandate

SACRAMENTO, CA – The California State Teachers’ Retirement System (CalSTRS) announced today it will expand its relationship with Invesco Private Capital as the manager for its CalSTRS New and Next Generation Manager Fund II, a $200 million private equity portfolio. Invesco Private Capital has offices in San Francisco, New York, Boston and London.