The board of the California State Teachers’ Retirement System (CalSTRS) has approved plans to add a second office tower alongside it 17-story headquarters building in West Sacramento, part of a $300 million campus expansion aimed at attracting new investment staff and other workers.
CalSTRS’ board voted Thursday to oppose a state bill that would require CalSTRS and CalPERS to divest investments in private prison companies by July 1, 2020.
The bill also would bar the $214.9 billion California State Teachers’ Retirement System, West Sacramento, and the $348.7 billion California Public Employees Retirement System, Sacramento, from making additional or new investments or renewing existing investments in a private prison company.
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