WEST SACRAMENTO, Calif. (November 15, 2018) – The California State Teachers’ Retirement System today announced that Chief Investment Officer Christopher J. Ailman received the number-one ranking in aiCIO magazine’s 2018 Chief Investment Officer Power 100. The list ranks and profiles the 100 most influential and powerful asset owners in the world.
Nov. 14, 2018 – A coalition of long-term, global institutional and private investors with combined assets of more than $4.83 trillion has come together to create and promote Principles for a Responsible Civilian Firearms Industry. The five principles provide a framework for institutional investors seeking to improve engagement with public and private companies globally that manufacture, distribute, sell or regulate products within the civilian firearms industry in order to address gun safety issues and reduce investment risk.
On January 22, 2018, the Office of Administrative law approved changes to Title 5, Section 27000 of the California Code of Regulations, which were not substantive changes pursuant to the Administrative Procedure Act and Title 1, Section 100 of the California Code of Regulations.
CalSTRS’ Creditable Compensation Regulations interpret and make specific Education Code Sections 22112.5, 22119.2 and 22905, related to classes of employees, creditable and noncreditable compensation and the appropriate crediting of contributions to either the Defined Benefit Program or the Defined Benefit Supplement Program.
Chapter 17 of the Teachers’ Retirement Law requires that penalties and interest be assessed on employers for late or inaccurate reporting of retirement data and payment of contributions. These amendments to the regulation establish a penalty rate that is the greater of the following: the state rate in effect each March 1 immediately preceding the date the late contribution is received or 5 percent.
Section 23004 of the Education Code authorizes the Teachers’ Retirement Board to approve a school district or community college district to report directly to CalSTRS, rather than through the county office of education. These regulations define the criteria the board uses to approve or disapprove a district as a direct report and the circumstances under which the board may withdraw its approval.
Section 26000 of the California Code of Regulations outlines and implements the process whereby the Teachers’ Retirement Board adjusts the purchasing power protection provided by the Supplemental Benefit Maintenance Account.
Electronic privacy is crucial for the ongoing success of the Internet as a convenient means to provide customer service. Your personal information will be used only to conduct CalSTRS-related business.
The California State Teachers’ Retirement System website has been developed in compliance with California Government Code §11135, which requires that all electronic and information technology developed or purchased by the State of California is accessible to people with disabilities. There are various types of physical disabilities that impact user interaction on the web. Vision loss, hearing loss, limited manual dexterity, and cognitive disabilities are examples, with each having different means by which to access electronic information effectively.