WEST SACRAMENTO, Calif. (May 11, 2018) – The trustees of the California State Teachers’ Retirement System yesterday elected Dana Dillon as board chair and Sharon Hendricks as vice chair for the 2018-19 term. The Teachers’ Retirement Board nominates and elects its chair and vice chair annually. The newly-elected officers assume their posts immediately. The chair and vice chair provide board leadership for the largest educator-only pension fund in the world.
WEST SACRAMENTO, Calif. (May 10, 2018) – The Teachers’ Retirement Board today adopted the results of the actuarial valuation for the CalSTRS Defined Benefit Program as of June 30, 2017, reflecting impacts from investment assumption changes while also noting continued progress toward the system’s long-term funding goals.
WEST SACRAMENTO, Calif. (May 9, 2018) – The California State Teachers’ Retirement System today unveiled a plan to prioritize engagement with makers and retailers of firearms that are illegal in California. The plan, approved unanimously by the Teachers’ Retirement Board, authorizes CalSTRS corporate governance staff to make firearms engagement activities a top priority by publicly engaging companies and potentially recommending that the board consider divestment if engagement efforts fail.
WEST SACRAMENTO, Calif. (Dec. 12, 2017) – The California State Teachers’ Retirement System today announced that Pensions & Investments magazine has named it a Best Place to Work in Money Management for 2017. This year’s honor is the third CalSTRS has garnered—the only public pension plan to do so.
WEST SACRAMENTO, Calif. (Nov. 29, 2017) – California State Teachers’ Retirement System’s Chief Investment Officer Christopher J. Ailman has been named recipient of Institutional Investor magazine’s first-ever lifetime achievement award. The award recognizes Mr. Ailman’s three-decade career, including 17 years at CalSTRS–where he shepherded the portfolio’s growth from $116 billion upon his arrival in 2000 to $219.6 billion today.
WEST SACRAMENTO, Calif. (Nov. 21, 2017) – The California State Teachers’ Retirement System received the Drexel LeBow Analytics 50 Award for its redesigned 403bCompare website from Drexel University’s LeBow College of Business. The website was selected based on three criteria: the complexity of the business challenge; the analytics solution implemented; and the solution’s business impact on the organization.
WEST SACRAMENTO, Calif. (Nov. 13, 2017) – The California State Teachers’ Retirement System’s Environmental Sustainability Program successfully diverted over 95 percent of the headquarters building’s office waste from landfills and incinerators, preventing deleterious effects on the environment.
WEST SACRAMENTO, Calif. (Nov. 2, 2017) – At its November 1 meeting, the California State Teachers’ Retirement System Investment Committee announced the selection of RCLCO as the Committee’s new real estate consultant. The contract, which depending on the result of negotiations, will begin in March 2018, is for a three-year term, with a possible two-year extension. The current contract—held by the Townsend Group—expires in February 2018.
WEST SACRAMENTO, Calif. – CalSTRS Chief Executive Officer Jack Ehnes has been elected president of the National Council on Teacher Retirement, marking the first time a Californian has led the organization dedicated to safeguarding the integrity of public retirement systems in the U.S. and its territories. Mr. Ehnes begins his one year term on October 18, succeeding outgoing president, Jill Bachus, Assistant Treasurer, Tennessee Treasury Department.
WEST SACRAMENTO, Calif. – The California State Teachers’ Retirement System received the Award of Innovation for its redesigned 403bCompare website from Pensions & Investments magazine and the Defined Contribution Institutional Investment Association.
WEST SACRAMENTO, Calif. – CalSTRS Chief Investment Officer Christopher J. Ailman made the following statement regarding the strong shareholder support Nelson Peltz received at today’s vote for a position on the board of directors at Procter & Gamble.
WEST SACRAMENTO, Calif. – CalSTRS Director of Corporate Governance Anne Sheehan made the following statement regarding ExxonMobil’s announcement of its intent to expand its Methane Emissions Reduction Program:
“As a longtime advocate for increased climate risk management, CalSTRS supports ExxonMobil’s announcement that it plans to enhance its methane risk management and reduction efforts with concrete steps that will simultaneously reduce atmospheric emissions and capture more natural gas by phasing out methane-emitting equipment, increasing training and designing new emissions-free systems.
WEST SACRAMENTO, Calif. – CalSTRS Director of Corporate Governance Anne Sheehan made the following statement regarding the organization’s intent to support the nomination of Nelson Peltz to the board of directors at Procter & Gamble (NYSE:PG).
WEST SACRAMENTO, Calif., – On September 15, the 403bCompare.com website—hosted and recently redesigned by in-house CalSTRS staff resources—was awarded the prestigious Best of the Web Award in the State Government Experience category by the Center for Digital Government.
WEST SACRAMENTO, Calif. (Aug. 4, 2017) – CalSTRS Director of Corporate Governance Anne Sheehan issued the following statement in response to S&P Dow Jones Indices decision this week to not include companies with multi-class shares in the S&P Composite 1500®.
“We are very pleased by S&P’s decision because it reflects the view of investors that dual and multi-class share structures eliminate a core corporate governance principle—one share, one vote.
WEST SACRAMENTO, Calif., (Aug. 3, 2017) – The California State Teachers’ Retirement System’s Deputy Chief Investment Officer Michelle Cunningham announced her retirement from an investment career spanning 35 years—27 of which have been with CalSTRS.
WEST SACRAMENTO, Calif. – July 20, 2017 – The California State Teachers’ Retirement System announced today that the fund posted a 13.4 percent net of fees return for the 2016-17 fiscal year, with growth being driven by strong performance across all markets, led by non-U.S. equity. As of June 30, 2017, the total fund value was $208.7 billion.
WEST SACRAMENTO, Calif. – July 17, 2017 – The California State Teachers’ Retirement System has, for the fifth consecutive year, contributed one of its talented young—under age 40—investment officers, Orintheo Swanigan, to Chief Investment Officer magazine’s Class of 2017 Top Forty Under Forty.
WEST SACRAMENTO, Calif. – July 13, 2017 – The California State Teachers’ Retirement System today announced the appointment of Diane Stanton as External Affairs Director. In her new role, Ms. Stanton will provide leadership, management and strategic direction for the CalSTRS External Affairs program, with an emphasis on stakeholder relations, outreach and engagement. Her position reports directly to Public Affairs Executive Officer, Grant Boyken.
WEST SACRAMENTO, Calif. – The California State Teachers’ Retirement System’s Director of Corporate Governance Anne Sheehan was elected Chairman of the Securities and Exchange Commission’s Investor Advisory Committee today.
Ms. Sheehan was appointed as a member of the IAC when it was created in 2012, followed by her election as vice chairman in June 2015. Since April 2017, after Kurt Schacht left the committee, Ms. Sheehan has been acting chairman. In addition, Ms. Sheehan served as Chairman of the Investor as Owner Subcommittee from 2012 to 2014.
WEST SACRAMENTO, Calif. – CalSTRS Chief Executive Officer Jack Ehnes issued the following statement reflecting the Teachers’ Retirement Board’s decision to oppose H.R. 10 (Hensarling, R-TX), also known as the Financial CHOICE Act of 2017:
“The Financial CHOICE Act is shrouded in rhetoric about fixing the United States economy and lifting the regulatory burden on our financial institutions. On the contrary, this bill actually aims to unwind important shareholder rights, allows for riskier public companies, and decimates the Securities and Exchange Commission’s ability to protect investors.
WEST SACRAMENTO, Calif. – The Teachers’ Retirement Board today announced the decision to divest the fund of all non-U.S. thermal coal holdings, effective July 1, 2017.
The board’s action aligns with CalSTRS’ long-term global perspective and its fiduciary duty, including consideration of environmental risks – both current and those projected over the next 10 to 25+ years. Burning thermal coal as a means of energy production creates such a risk, as a major contributor of greenhouse gases that negatively impact the climate on a global scale.
WEST SACRAMENTO, Calif.—The California State Teachers’ Retirement System was among the Netflix investors who spoke out today following the entertainment company’s annual meeting, at which shareholders again backed multiple proposals to reform the company’s corporate governance practices.
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