CalSTRS selected as a best place to work in money management
Latest recognition is the fifth for CalSTRS in the award’s eight years.
WEST SACRAMENTO, Calif. (December 9, 2019)– The California State Teachers’ Retirement System today announced it has again received recognition in Pensions & Investments magazine’s Best Places to Work in Money Management for 2019.
The announcement reflects the fifth such honor for CalSTRS in the award’s eight years.
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.
“We strive to maintain a dynamic, diverse and inclusive team as we expand the staff, currently at more than 170, to allow us to implement the CalSTRS Collaborative Model, a strategy that enables us to bring more assets under internal management. This will reduce costs, control portfolio risk and expand investment opportunities,” said CalSTRS Deputy Chief Investment Officer Scott Chan.
“Our employee culture stresses work-life balance, collaboration and leadership development—all factors that help us perform at a high level to foster one of the most attractive investment organizations in the U.S. pension community.”
Deputy Chief Investment Officer
“Our employee culture stresses work-life balance, collaboration and leadership development—all factors that help us perform at a high level to foster one of the most attractive investment organizations in the U.S. pension community,” Chan added. “Recognition from this highly respected publication is an affirmation that our efforts are making a difference in our industry.”
CalSTRS was a recipient of the award in 2018, 2017, 2016 and 2013.
“After eight years, we have heard about amazing perks and benefits being offered by the organizations that are named the best places to work,” said P&I Editor Amy B. Resnick. “But it is clear that the intentional work being done to create workplaces with common goals, trust and community is more important. This year’s winners stand out for their commitment to their people and the communities in which they operate.”
“Our team is innovative and forward looking,” Chan added. “Together with our board, we have guided the CalSTRS investment fund through both difficult and positive environments. Our investment staff is among the best in the industry and serve as trusted fiduciaries for our membership—California’s public school and community college educators.”
Pensions & Investments partnered with Best Companies Group, an independent research firm specializing in identifying great places to work, to conduct a two-part survey process of employers and their employees.
The first part consisted of evaluating each nominated company’s workplace policies, practices, philosophy, systems and demographics. This part of the process was worth approximately 25% of the total evaluation. The second part consisted of an employee survey to measure the employee experience. This part of the process was worth approximately 75% of the total evaluation. The combined scores determined the top companies.
Find a complete list of the 2019 Pensions & Investments’ Best Places to Work in Money Management winners and write-ups.
CalSTRS provides a secure retirement to more than 964,000 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 $246 billion in assets under management. CalSTRS demonstrates its strong commitment to long-term corporate sustainability principles in its annual Global Reporting Initiative Sustainability Report.