CalSTRS Outlook

Making Sense of the Headlines
Volume 5, No. 14

CalSTRS Outlook is an email summary of the latest news releases and other items of interest related to CalSTRS benefits and services.

Blog entry Jack Ehnes

Year-End Wrap Up and a Look at What 2015 Holds

As we end this year and look forward to the next, we are able to do so with a renewed confidence. In June, consensus recognition of the need to stabilize CalSTRS’ funding emerged with the enactment of the funding solution detailed in Assembly Bill 1469. The shared-responsibility plan gradually increases contributions from all plan contributors by an amount that is projected to fully fund the Defined Benefit Program in roughly 32 years.

What's New

Form 1099-R Available in January

Form 1099-Rs for the 2014 tax year will be posted to myCalSTRS by January 16, 2015 and mailed by January 31, 2015.

The form includes payments issued from January 1, 2014 through December 31, 2014. View or print your Form 1099-R or make changes to your current tax withholding preferences on myCalSTRS.

Additional Information About Your Form 1099-R

News release Ricardo Duran

President Signs Into Law Final $15 Million Payment to CalSTRS From Sale of Elk Hills Naval Petroleum Reserve
Proceeds support older retirees’ pension purchasing power

WEST SACRAMENTO, Calif. – The California State Teachers’ Retirement System (CalSTRS) received its final $15.6 million payment of compensation from the 1997 sale of the Elk Hills Naval Petroleum Reserve as part of the $1.1 trillion budget appropriation bill signed into law today by the President.

News release Ricardo Duran

Majority Voting Standard Gains Ground, CalSTRS Corporate Governance Annual Report Shows
The 2nd annual report shows that 92 out of 100 companies engaged adopted majority voting

WEST SACRAMENTO, Calif. – The California State Teachers’ Retirement System’s (CalSTRS) Corporate Governance 2014 Annual Report shows its engagement with small-cap companies yielded remarkable progress in the adoption of majority voting standards for the election of corporate directors.

The Corporate Governance 2014 Annual Report reflects four years of work with small-cap companies—those with a capitalization of $2 billion or less—to adopt the majority-vote standard. The standard requires directors to receive a majority of shareholder support to be elected to the board.