News release | Thomas Lawrence
WEST SACRAMENTO, Calif. (December 13, 2021) – The California State Teachers’ Retirement System today announced it was named a Best Place to Work in Money Management in 2021 by Pensions & Investments magazine for the sixth consecutive year.
Pensions & Investments, the global news source of money management, recently presented the results of its 10th-annual survey and recognition program, which is dedicated to identifying and recognizing the best employers in the money management industry.
“Now in its 10th year, P&I’s Best Places to Work in Money Management spotlights the unique ways that employers build healthy and thriving work cultures,” said P&I Executive Editor Julie Tatge. “This year was no different. The 100 firms profiled in our Dec. 13 issue grappled with myriad challenges posed by the pandemic and met them, helping ensure that their employees felt supported and able to do their best work.”
“This is an honor that recognizes CalSTRS’ commitment to providing a positive, diverse and inclusive culture that brings out the best in our talented team members,” said Chief Investment Officer Christopher J. Ailman. “It shows that our employees are engaged, motivated and resilient, especially during these trying times.”
This is CalSTRS’ seventh recognition in the award’s 10 years. CalSTRS was also a recipient of the award in 2020, 2019, 2018, 2017, 2016 and 2013.
“Our team has a great foundation and is continuing to expand as we implement the CalSTRS Collaborative Model investment strategy,” said Deputy Chief Investment Officer Scott Chan. “The Collaborative Model, which has saved CalSTRS more than $780 million since 2017, is bringing more investments in-house and streamlining our external partnerships on behalf of our members and their families. We hope this honor from P&I will help us attract even more talented professionals to join us.”
A complete list of winners of the 2021 Best Places to Work in Money Management award can be found on the Pensions & Investments website.
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CalSTRS provides a secure retirement to more than 980,000 members and beneficiaries whose CalSTRS-covered service is not eligible for Social Security participation. On average, members who retired in 2020–21 had 25 years of service and a monthly benefit of $4,813. Established in 1913, CalSTRS is the largest educator-only pension fund in the world with $321.9 billion in assets under management as of October 31, 2021. CalSTRS demonstrates its strong commitment to long-term corporate sustainability principles in its annual Sustainability Report. For more information, visit CalSTRS.com.