WEST SACRAMENTO, Calif. (December 10, 2018)– The California State Teachers’ Retirement System today announced it has received top honors in Pensions & Investments magazine’s Best Places to Work in Money Management for 2018.
Today’s announcement reflects the fourth such honor for CalSTRS in the award’s seven years.
At the July 2018 board meeting, the Teachers’ Retirement Board adopted the 2019 Notice of Election outlining the requirements for the 2019 board election.
Three of the 12 Teachers’ Retirement Board members will be elected by the active membership. CalSTRS will hold the election from October 1, 2019 through November 30, 2019.
Active and inactive members may now view their 2018 Retirement Progress Report on myCalSTRS. Your Retirement Progress Report provides a personalized overview of your CalSTRS account and benefits.
Corporate engagement is one of the key tools CalSTRS uses to influence change in the marketplace.
Each year, Corporate Governance staff, under direction from the Teachers’ Retirement Board, determines key issues to engage portfolio companies on over the next fiscal year. Each issue must be consistent with the CalSTRS Corporate Governance Program and Portfolio Policy and CalSTRS Investment Policy for Mitigating Environmental, Social and Governance Risks.
CalSTRS prefers engagement over divestment as it upholds our rights as a shareholder and allows us to discuss issues with companies that impact the long-term value of the fund. The board will consider divestment as a last resort, but only after pursuing engagement and conducting careful financial analysis.
