News releases

Read current and past CalSTRS news releases.

Jeff Zimmer wearing a suit and checked shirt, smiling.

CalSTRS names Jeff Zimmer as chief benefits officer

WEST SACRAMENTO, Calif. (January 30, 2025) – The California State Teachers’ Retirement System is pleased to announce the promotion of Jeff Zimmer to chief benefits officer.

CalSTRS Headquarters by the Sacramento River, surrounded by trees under a clear blue sky.

CalSTRS earns ‘Best Places to Work in Money Management’ honor for 10th time

WEST SACRAMENTO, Calif. (December 9, 2024) – The California State Teachers’ Retirement System has been named one of the Best Places to Work in Money Management by Pensions & Investments magazine for the 10th time.

Appointment to Teachers’ Retirement Board

On September 24, 2024, Gov. Gavin Newsom announced that Steve Juarez, of Truckee, has been appointed to the California State Teachers’ Retirement Board. Juarez’s term dates are September 24, 2024, through December 31, 2027.

Two professional portraits of a woman and a man, split-screen style.

CalSTRS announces Lucchesini-Jack, Murphy as new investment directors

WEST SACRAMENTO, Calif. (September 23, 2024) – The California State Teachers’ Retirement System is pleased to announce the appointments of Rosie Lucchesini-Jack as director of the Fixed Income Portfolio and David Murphy as director of Global Equity.

CalSTRS stresses climate disclosure with 2024 proxy season votes

WEST SACRAMENTO, Calif. (August 1, 2024) – The California State Teachers’ Retirement System—the world’s largest educator-only pension fund—focused on climate risk disclosure during the 2024 proxy season, voting against the boards of directors at a record 2,258 companies. This is up from a then-record 2,035 companies in 2023.

A bar chart showing CalSTRS investment fund performance over varying time frames with returns ranging from 7.6% to 8.5%.

CalSTRS earns 8.4% net return, exceeds benchmark in fiscal year 2023–24

WEST SACRAMENTO, Calif. (July 30, 2024) — The California State Teachers’ Retirement System (CalSTRS) today announced an 8.4% net return on investments for the 2023–24 fiscal year, ending with the total fund value at $341.4 billion as of June 30, 2024.

June Kim with glasses, wearing a purple jacket and a long necklace.

CalSTRS announces June Kim as new senior investment director

WEST SACRAMENTO, Calif. (July 18, 2024) – The California State Teachers' Retirement System is pleased to announce the appointment of June Kim as senior investment director of total fund management.

Investor statement in support of Climate Action 100+

As asset owners representing USD $4.6 trillion in assets, we remain deeply concerned about the investment risks posed by climate change to the economy, the markets and our portfolios. Investors encouraging companies to adopt ambitious and thoughtful plans to address climate-related risks aligns with our economic interests as long-term and diversified stewards of capital.

Deputy CIO Scott Chan smiles. He is wearing a blue blazer and red tie.

CalSTRS names Scott Chan as chief investment officer

WEST SACRAMENTO, Calif. (May 15, 2024) – The California State Teachers' Retirement System, the world's largest educator-only pension fund, is pleased to announce the selection of Scott Chan as chief investment officer.

Teachers' Retirement Board elects Bradford as chair, Yamamoto as vice chair

WEST SACRAMENTO, Calif. (May 6, 2024) – At the Teachers' Retirement Board meeting on Thursday, May 2, the trustees of the California State Teachers' Retirement System elected Denise Bradford chair and Karen Yamamoto vice chair.

CalSTRS focuses on methane emissions reduction, companies' workforce disclosures in 2024 proxy season

WEST SACRAMENTO, Calif. (March 27, 2024) – As peak proxy voting season begins, the California State Teachers’ Retirement System, the world’s largest educator-only pension fund, is pressing corporate boards to measure, mitigate and reduce methane emissions and disclose critical workforce data.

CalSTRS highlights long-standing commitment to sustainability, resiliency in annual report

WEST SACRAMENTO, Calif. (February 26, 2024) – The California State Teachers’ Retirement System has released its 2022–23 Sustainability Report, an annual snapshot of organizational sustainability, which helps build a strong foundation for future success and ensures CalSTRS will be here for California's public educators when they are ready to retire.

Reappointments to Teachers’ Retirement Board

On February 16, 2024, Gov. Gavin Newsom announced that Kenneth “Ken” Tang, of Alhambra, and Karen Yamamoto, of Sacramento, have been reappointed to…

CalSTRS CIO Christopher J. Ailman announces retirement

WEST SACRAMENTO, Calif. (January 11, 2024) – Christopher Ailman, chief investment officer of the California State Teachers' Retirement System, announced his retirement at the Teachers' Retirement Board Investment Committee meeting. He will continue to serve as CIO through June 30, 2024, while the board conducts a global search for his successor. Ailman has served as the CalSTRS CIO since October 2000. He is one of the longest-tenured CIOs in the world.

CalSTRS earns best place to work in money management honor for ninth time

WEST SACRAMENTO, Calif. (December 11, 2023) – For the ninth year, Pensions & Investments magazine has named the California State Teachers’ Retirement System one of the Best Places to Work in Money Management.

CalSTRS selects Julie Donegan as Real Estate investment director

WEST SACRAMENTO, Calif. (September 6, 2023) – The California State Teachers’ Retirement System, the world’s largest educator-only pension fund, is pleased to announce the promotion of Julie Donegan to Real Estate investment director.

CalSTRS escalates efforts to hold global companies accountable for not adequately disclosing climate change risks; votes against 2,035 boards of directors in proxy season 2023

WEST SACRAMENTO, Calif. (August 10, 2023) – For the 2023 proxy season, the California State Teachers’ Retirement System—the world’s largest educator-only pension fund with more than $315 billion in assets—stepped up its efforts to hold companies around the globe accountable for failing to address climate change risks: CalSTRS voted against the boards of directors at a record 2,035 global companies because they did not provide necessary climate risk disclosures.

CalSTRS investment fund performance as of June 30, 2023

CalSTRS earns 6.3% net return in fiscal year 2022–23

WEST SACRAMENTO, Calif. (July 27, 2023) – The California State Teachers’ Retirement System (CalSTRS) today announced a 6.3% net return on investments for the 2022–23 fiscal year, ending with the total fund value at $315.6 billion as of June 30, 2023.

CalSTRS statement on Facebook case

In response to the Delaware Court of Chancery’s ruling in the derivative lawsuit against Facebook, CalSTRS General Counsel Brian Bartow said the following.

Teachers' Retirement Board reelects Keiley as chair, names Bradford new vice chair

WEST SACRAMENTO, Calif. (May 4, 2023) – At the Teachers’ Retirement Board meeting on May 3, the trustees of the California State Teachers’ Retirement System reelected Harry Keiley as chair and elected Denise Bradford as vice chair of the board for the fiscal year 2023–24 term.

Net zero pledge, climate change and board diversity highlight CalSTRS’ priorities for proxy season 2023

WEST SACRAMENTO, Calif. (April 17, 2023) – As peak proxy voting season kicks off, the California State Teachers’ Retirement System, the world’s largest educator-only pension fund with more than $300 billion in assets, is taking stronger action against corporate boards that fail to demonstrate their commitment to appropriately managing and addressing sustainable business practices. With many global companies holding their annual general meetings in the weeks ahead, a key priority for CalSTRS is enhancing its strategy to address the risks climate change poses to its global portfolio.

Lamont King wears a gray blazer and red tie.

CalSTRS selects Lamont King as first deputy general counsel

WEST SACRAMENTO, Calif. (March 23, 2023) – The California State Teachers’ Retirement System, the world’s largest educator-only pension fund, is pleased to announce the selection of Lamont King as its first deputy general counsel.

Statement on Allan Emkin's nearly four decades of service to CalSTRS

WEST SACRAMENTO, Calif. (March 3, 2023) – Teachers’ Retirement Board Chair Harry Keiley issued the following statement today commemorating Allan Emkin’s nearly 40 years of service as a consultant to the California State Teachers’ Retirement System.

CalSTRS focuses on sustainability, resiliency for long-term success

WEST SACRAMENTO, Calif. (February 9, 2023) – The California State Teachers’ Retirement System today released its 2021–22 Sustainability Report, an annual snapshot of CalSTRS’ organizational sustainability.

CalSTRS announces Jimenez, DiRe as new senior investment directors

WEST SACRAMENTO, Calif. (January 30, 2023) – The California State Teachers’ Retirement System is pleased to announce the appointments of Geraldine Jimenez as senior investment director of public markets and Mike DiRe as senior investment director of private markets.

CalSTRS board member William Prezant has round glasses, wears a black blazer.

Governor announces reappointment of Prezant to Teachers’ Retirement Board

WEST SACRAMENTO, Calif. (January 23, 2023) – The California State Teachers’ Retirement System today announced that Governor Newsom has reappointed William Prezant to a four-year term on the Teachers’ Retirement Board.

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