Award marks fifth consecutive recognition for CalSTRS.
News release | Vanessa Garcia
WEST SACRAMENTO, Calif. (December 14, 2020) – The California State Teachers’ Retirement System today announced it was named a Best Place to Work in Money Management in 2020 by Pensions & Investments magazine.
Pensions & Investments, the global news source of money management, recently presented the results of its latest annual survey and recognition program, which is dedicated to identifying and recognizing the best employers in the money management industry.
“In this very unusual year, we learned again that employers that consider the overall wellbeing of their employees are regarded well. The best employers in 2020 are those that have stepped up with policies and practices to support and protect employees’ physical and emotional health, while continuing to keep the focus on clients’ needs,” said P&I Editor Amy B. Resnick. “Our surveys found that the employers on the list were likely to work hard to sustain their corporate cultures, even during times of pandemic lockdowns and continuing to work from home in many cases.”
“Receiving this award five years in a row is a testament to CalSTRS’ work culture and investment team,” said Chief Investment Officer Christopher J. Ailman. “CalSTRS has some of the most talented investment professionals in the industry, and challenging years like 2020 show just how important it is to recruit and retain great investment staff. I could not be prouder of how seamlessly our staff adapted to telework while guiding the fund through an unpredictable investment environment.”
This is CalSTRS’ sixth recognition in the award’s nine years. CalSTRS was a recipient of the award in 2019, 2018, 2017, 2016 and 2013.
“Our culture and work-life balance help us attract the best talent from across the industry. Despite being physically distanced for most of the year, we onboarded several new staff and expanded our team to more than 190 in 2020,” said Deputy Chief Investment Officer Scott Chan. “As the future of work evolves, and as CalSTRS continues to bring more assets in house with the CalSTRS Collaborative Model, we will continue to support our staff in virtual and hybrid environments.”
A complete list of winners of the 2020 Best Places to Work in Money Management award can be found at Pension & Investments’ website.
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CalSTRS provides a secure retirement to more than 975,000 members whose CalSTRS-covered service is not eligible for Social Security participation. Members retire on average after more than 24 years in the classroom with a monthly benefit of approximately $4,547. Established in 1913, CalSTRS is the largest educator-only pension fund in the world with approximately $254.7 billion in assets under management as of October 31, 2020. CalSTRS demonstrates its strong commitment to long-term corporate sustainability principles in its annual Global Reporting Initiative Sustainability Report. For more information, visit CalSTRS.com.