2015 News Releases

2015 News Releases

Overview
News release Ricardo Duran

CalSTRS Board Updates Corporate Governance Principles on Corporate Board Diversity
Update expands the definition of corporate board diversity to include sexual orientation and gender identification, sought by State Treasurer John Chiang

WEST SACRAMENTO, Calif. – The California State Teachers’ Retirement System’s (CalSTRS) Investment Committee today updated their Corporate Governance Principles to expand the definition of board diversity to include sexual orientation and gender identity.

News release Michael Sicilia

CalSTRS Adopts 2014 Actuarial Valuation
Valuation reflects stabilization of the fund due to healthy investment returns

WEST SACRAMENTO, Calif. – The board of the California State Teachers’ Retirement System (CalSTRS) today adopted the actuarial valuation of the Defined Benefit Program as of June 30, 2014. The gap between current assets and the obligations facing the system—known as the unfunded actuarial obligation, or funding gap—has shrunk slightly to $72.7 billion—a nearly one billion dollar decrease from the previous years’ $73.67 billion.

News release Krista Noonan

CalSTRS Awards Multi-Year Pension Administration IT Contract
Enhanced information technology benefits administration platform to be implemented by CGI Technologies and Solutions, Inc.

WEST SACRAMENTO, Calif. – Through an extensive competitive bidding process, the California State Teachers’ Retirement System (CalSTRS) has awarded CGI Technologies and Solutions Inc. a $121 million contract to configure and implement a new information technology system for the administration of CalSTRS benefits.

News release Michael Sicilia

Governor Reappoints Paul Rosenstiel to CalSTRS Board

WEST SACRAMENTO, Calif. – Governor Brown announced today the reappointment of Paul Rosenstiel to the Teachers’ Retirement Board, which oversees the retirement benefits for California’s K-12 and community college educators covered under the California State Teachers’ Retirement System (CalSTRS). Mr. Rosenstiel was first appointed to the board in November 2011.