2012 News Releases

2012 news releases

Overview
What's New Ricardo Duran

CalSTRS Board Adopts 2011 Actuarial Valuation
Pension funding shortfall grows, but additional contributions required for full funding decline.

WEST SACRAMENTO, CA – The Teachers’ Retirement Board, the governing body of CalSTRS, today adopted the actuarial valuation of the Defined Benefit Program as of June 30, 2011. The valuation reflects a two-percent decrease in the funding status from the previous year, as the final impact of the extraordinary losses in 2008-09 is recognized.

The latest valuation shows a funding status sufficient to cover 69 percent of projected liabilities, leaving the fund with a $64.5 billion funding shortfall.

News release Michael Sicilia

Council of Institutional Investors Elects CalSTRS Anne Sheehan as Chair

WEST SACRAMENTO, CA – Anne Sheehan, director of corporate governance at CalSTRS, the California State Teachers’ Retirement System, has been elected chair of the Council of Institutional Investors (CII). CII is a nonprofit association of pensions and other employee benefit funds, endowments and foundations. CII is a leading voice for good corporate governance and strong shareowner rights.

News release Ricardo Duran

CalSTRS Votes Against Combined CEO-Chairman Post and Compensation Plan at Disney’s Annual Meeting
Disney remains the happiest place on Earth–for Robert Iger

WEST SACRAMENTO, CA – The California State Teachers’ Retirement System (CalSTRS) today voted against the Walt Disney Company’s decision to combine the Chairman and Chief Executive Officer (CEO) position. CalSTRS also opposed Disney’s compensation plan for the CEO, calling the governance and nominating committee actions a return to poor governance practices of the past.

News release Ricardo Duran

CalSTRS Partners with IFM on Major Infrastructure Investment

WEST SACRAMENTO, CA – The California State Teachers’ Retirement System (CalSTRS) has awarded Industry Funds Management (IFM), a leading global investment manager, an infrastructure mandate up to $500 million to invest in a diversified portfolio of core infrastructure assets in North America and Europe across a range of sectors.

The mandate represents one of the largest single U.S. fund management commitments made in infrastructure and will give CalSTRS global exposure to the world’s expanding infrastructure market.

News release Ricardo Duran

CalSTRS Lowers Investment Return Assumption
Move is part of a larger experience study updating assumptions to June 30, 2011

WEST SACRAMENTO, CA – The governing board of the California State Teachers’ Retirement System (CalSTRS) today adopted a new set of actuarial assumptions, including lowering the investment return assumption from 7.75 percent to 7.5 percent. The change is part of a four-year experience analysis that sets the parameters for determining the financial health of the system.

News release Ricardo Duran

CalSTRS Analysis of 2011 Say-on-Pay Proxy Voting Available Online
CalSTRS Corporate Governance offers a lessons learned analysis for the first year of mandatory say-on-pay for most U.S. Corporations

WEST SACRAMENTO, CA – The California State Teachers’ Retirement System (CalSTRS) released, “Lessons Learned: The Inaugural Year of Say-on-Pay.” its analysis of shareholders’ ability to vote on executive compensation, known as say-on-pay, during the 2011 proxy season.

News release Ricardo Duran

CalSTRS Calendar Year-End Investment Returns Show Slight Gains
Tumultuous 2011 ends with CalSTRS investments returns slightly positive

WEST SACRAMENTO, CA – Investment returns for the California State Teachers’ Retirement System (CalSTRS) ended the 2011 calendar year posting a 2.3 percent gain, in a year of extreme market volatility.

CalSTRS’ investment portfolio was not immune to the significant daily market fluctuations common during the last half of the year. In July 2011 CalSTRS investment portfolio stood at $152.7 billion, losing $7.9 billion by December 2011.

News release Ricardo Duran

While Washington Waits, Investors Act on Climate Change
Clean Energy Investment Hits Record $260 Billion in 2011

WEST SACRAMENTO, CA – Climate change creates enormous economic risks, but investors such as the California State Teachers’ Retirement System (CalSTRS) know it also represents one of the great financial opportunities of our time.And they are not waiting for governments to start moving on their own toward action.

That was the key message as 450 global investors controlling tens of trillions from four continents gathered today at the United Nations for the Investor Summit on Climate Risk & Energy Solutions.

News release Ricardo Duran

CalSTRS Opens Member Center in Glendale
The center is the first in Southern California to serve both active and retired members

WEST SACRAMENTO, CA – The California State Teachers’ Retirement System (CalSTRS) today announced the opening of its first full-service member center outside of the West Sacramento headquarters.

The center is located at 505 N. Brand Blvd., Suite 200, two blocks from the Ventura Freeway (Highway 134) and two miles from the Golden State Freeway (Interstate 5).