CalSTRS Outlook

Headline Wrap Up
February 2017

CalSTRS Outlook provides an email summary of the latest news, updates and other items of interest related to CalSTRS benefits and services.

Blog entry

CalSTRS Defined Benefit Program Continues Progress Toward Long-Term Funding Goal
Changes to actuarial assumptions likely to increase State of California and CalSTRS “2% at 62” member contribution rates beginning July 1, 2017

As trusted fiduciaries of California educators’ pensions, on an annual basis, the Teachers’ Retirement Board assesses CalSTRS’ long-term funding status in a detailed actuarial valuation report. In order to support the accuracy of these financial projections, the board periodically reviews actuarial assumptions to ensure the data reflects the system’s recent actuarial experience.

News release Michelle Mussuto

Leading Investors Launch Historic Initiative Focused on U.S. Institutional Investor Stewardship and Corporate Governance
Unveils Framework of Guiding Principles with Expectation of Long-Term Value Creation, Investor Protection

CalSTRS is one of the founders of the Investor Stewardship Group. The ISG is a collective of some of the largest U.S.-based institutional investors and global asset managers, along with several of their international counterparts. It was formed to develop a sustained initiative to establish a framework of basic standards of investment stewardship and corporate governance for U.S. institutional investor and boardroom conduct. The ISG is being led by the senior corporate governance practitioners at institutional investor and investment management firms.

The ISG brings all types of investors together to enable them to speak with one voice on these fundamental issues of corporate governance and investment stewardship.

Blog entry

403(b)s: Investor Beware, But We’ve Got Updated Tools For You!

How to choose the 403(b) investment vehicle that is right for you? CalSTRS members have access to up to 59 separate 403(b) supplemental tax sheltered investment vendors, offering 220 individual products, and a staggering 5,000 plus choices within those products. The vendors and products vary depending on where you work. That’s vexing.