CalSTRS in the News

CalSTRS in the News

Overview

Review recent news articles, reports and other published materials on CalSTRS programs and investments.

Article CIO, Corporate MovesSeptember 27, 2019

National Defined Contribution Group Announces New Leadership

The National Association of Government Defined Contribution Administrators (NAGDCA) announced that Sandy Blair, the California State Teachers’ Retirement System’s (CalSTRS) director of retirement readiness, has been selected as its new board president.

The NAGDCA strives to improve the performance of their members to produce more stable retirements for public employees. Members are primarily public sector defined contribution plans.

Article Investments & Pensions Europe, News)September 17, 2019

Climate Change: PRI Develops ‘Inevitable Policy Response’ Forecast

Investors should be braced for governments to act forcefully but in an uncoordinated fashion on climate change within the next five years, according to the Principles for Responsible Investment (PRI).

The organisation last week released major research papers related to modelling the financial impact of what it has called the ‘Investable Policy Response’ (IPR).

Article IPE Real Assets, NewsSeptember 2, 2019

CalSTRS to Bump Up Real Estate Allocation by 2%

California State Teachers Retirement System (CalSTRS) plans to increase its real estate target allocation from the current 13% to 15% and reduce its allocation to public equity.

CalSTRS said in a document ahead of a board meeting this week that the changes will help improve diversification, enhance portfolio down-side protection and take advantage of the risk-return profile of private assets as outlined in the investor’s ”collaborative model” initiative.

Article GovCIO Outlook, by Ashish Jain

Challenges on Cloud Migration

The California State Teachers’ Retirement System (CalSTRS) was established by law in 1913 to provide retirement benefits to California’s public school educators. The market value of the CalSTRS Investment Portfolio was approximately $233.9 billion as of April 30, 2019.

CalSTRS’ Technology Services branch, with over 200 staff, is responsible for operating a portfolio of approximately 135 IT systems/applications related to the pension administration for close to one million benefit recipients. We make over one billion benefit payments per month to these beneficiaries.