2011 News Releases

2011 news releases

Overview
News release

CalSTRS Chosen to Manage LAUSD 457(b) Plan
CalSTRS to provide record keeping, retirement education for the supplemental retirement plan of the second largest school district in the U.S

WEST SACRAMENTO, CA – The California State Teachers’ Retirement System (CalSTRS) today announced it has been selected to oversee the Los Angeles Unified School District’s 457(b) Defined Contribution Plan.

CalSTRS will partner with TIAA-CREF to keep the LAUSD program’s records. CalSTRS will also assist LAUSD employees in the program with education and counseling services about the role the defined contribution accounts play in a well-rounded retirement security plan.

News release

CalSTRS Continues to Advance Diversity on Corporate Boards
Engagement with companies yields success on shareholder resolutions to attract a wider talent pool

WEST SACRAMENTO, CA – The California State Teachers’ Retirement System withdrew all eight of its board diversity shareholder proposals filed during the 2011 proxy season after successfully engaging companies to consider diversity in director searches.

In recent years, the issues of board of director leadership and oversight roles have taken on increased significance to long-term investors, such as CalSTRS. Today’s economic challenges highlight the importance that board diversity plays in enhancing value and providing companies with a full range of fresh talent and experience.

News release

Study Says Mandatory Social Security Would Hurt Schools and Educators
Under a Social Security structure, members´ and employers´ choices would be to pay more or get less.

WEST SACRAMENTO, CA – California public educators and school districts would have to either pay more for their retirement or settle for lower benefits if Social Security were offered to them, according to an analysis conducted for the California State Teachers’ Retirement System (CalSTRS).

News release

CalSTRS Names Krista Noonan Communications Director
She brings more than 15 years experience in strategic communications, public relations to the position

WEST SACRAMENTO, CA – The California State Teachers’ Retirement System (CalSTRS), the nation’s largest public teacher pension fund, today announced the appointment of Krista Noonan as communications director.

Noonan will plan and direct a comprehensive communication program, including media relations, Web content development, social media, video/Web-based production as well as graphic design, community outreach and employee communications.

News release

CalSTRS and Relational Support Election of All Occidental Directors

WEST SACRAMENTO, CA – The California State Teachers’ Retirement System (CalSTRS) and Relational Investors LLC (Relational) are supporting the election of all Occidental Petroleum Board nominees at the company’s annual meeting scheduled for May 6, 2011.

CalSTRS and Relational are satisfied with the changes the company announced in October 2010 regarding executive compensation, CEO succession planning, and director retirement policy. CalSTRS and Relational support these initiatives and plan to continue to work with the board to maximize long-term shareholder value.

News release

CalSTRS ‘Poison Pill’ Resolution Gets Support of Proxy Advisory Firms
Resolution gives shareholders the right to approval the company's poison pill

SACRAMENTO, CA -A resolution proposed by the California State Teachers’ Retirement System (CalSTRS) at Ball Corporation (NYSE: BLL) warrants shareholder support, according to two leading proxy advisory firms.

ISS Proxy Advisory Services and Glass, Lewis & Co., each recommend a FOR vote for the CalSTRS resolution which, if adopted at Ball Corporation’s annual meeting on April 27 in Broomfield, Colo., would require that any poison pills adopted by the company be ratified by shareholders within 12 months.

News release

CalSTRS Named Large Public Fund Investment Manager of the Year
Institutional Investor Magazine has named the California State Teachers' Retirement System (CalSTRS) its Large Public Fund Manager of the Year

WEST SACRAMENTO, CA – Institutional Investor Magazine has named the California State Teachers’ Retirement System (CalSTRS) its Large Public Fund Manager of the Year.

CalSTRS Investment Committee Chair Harry Keiley announced the award at the committee’s meeting on Thursday April 7, 2011.

The magazine will recognize CalSTRS at its 2nd Annual U.S. Investment Management Awards on May 19, 2011.

News release

CalSTRS, CalPERS, Announce Diverse Director DataSource (3D) – A Resource To Identify Corporate Director Candidates
CalSTRS, CalPERS, Announce Diverse Director DataSource (3D) - A Resource To Identify Corporate Director Candidates

 SACRAMENTO, CA -  The California State Teachers’ Retirement System (CalSTRS) and the California Public Employees’ Retirement System (CalPERS) are working with an Advisory Panel of leading corporate governance experts to develop a new digital resource devoted to finding untapped diverse talent to serve on corporate boards.

News release

CalSTRS Accepts Board Nominations
Nomination petitions due March 4, 2011

 WEST SACRAMENTO, CA  – The California State Teachers’ Retirement System (CalSTRS) is currently accepting nomination petitions for three elected positions on the Teachers Retirement Board.

Petitions with the signatures of at least 250 eligible active members are due to the CalSTRS headquarters in West Sacramento by 5 p.m. March 4, 2011.

The three representatives are:

News release

CalSTRS and Relational Endorse Charles River Laboratories’ Board Appointments
Formation of new Strategic Planning Committee praised

WEST SACRAMENTO, CA – The California State Teachers’ Retirement System (“CalSTRS”) and Relational Investors LLC (“Relational”) issued the following statement in response to the appointments of Robert J. Bertolini and Richard F. Wallman to the Charles River Laboratories International, Inc. (“the Company”) Board of Directors: