Your 2018 Form 1099-R will be available online on January 18, 2019 and mailed by January 31, 2019. The form includes benefit payments issued from January 1, 2018 through December 31, 2018.
View or print your Form 1099-R using your secure online myCalSTRS account.
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.
WEST SACRAMENTO, Calif. (January 16, 2019) – The California State Teachers’ Retirement System today announced the certification of three member representatives to the CalSTRS governing board. The members will each serve a four-year term, which begins January 1, 2020.
The three candidates, two who represent pre-kindergarten to 12th grade educators and one who represents community college educators, were not opposed and were certified elected by CalSTRS Chief Executive Officer Jack Ehnes.
WEST SACRAMENTO, Calif. (December 18, 2018) – The California State Teachers’ Retirement System today announced that it was recognized as the most innovative large public plan of the year in Chief Investment Officer Magazine’s ninth annual Industry Innovation 2018 award.
WEST SACRAMENTO, Calif. (December 17, 2018) – The California State Teachers’ Retirement System has received the International Corporate Governance Network’s (ICGN) inaugural Global Stewardship Disclosure Award for Asset Owners. ICGN introduced the award to celebrate the individuals and organizations that excel in stewardship practices and disclosures.
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.
WEST SACRAMENTO, Calif. (November 15, 2018) – The California State Teachers’ Retirement System today announced that Chief Investment Officer Christopher J. Ailman received the number-one ranking in aiCIO magazine’s 2018 Chief Investment Officer Power 100. The list ranks and profiles the 100 most influential and powerful asset owners in the world.
Nov. 14, 2018 – A coalition of long-term, global institutional and private investors with combined assets of more than $4.83 trillion has come together to create and promote Principles for a Responsible Civilian Firearms Industry. The five principles provide a framework for institutional investors seeking to improve engagement with public and private companies globally that manufacture, distribute, sell or regulate products within the civilian firearms industry in order to address gun safety issues and reduce investment risk.
WEST SACRAMENTO, Calif. –The Teachers’ Retirement Board, trustees of the California State Teachers’ Retirement System, approved the construction of a nearly 275,000-square-foot expansion of its West Sacramento headquarters.
WEST SACRAMENTO, Calif. (Nov. 7, 2018)– The Teachers’ Retirement Board of the California State Teachers’ Retirement System voted to direct investment staff to remove the Fund’s holdings in the two U.S. publicly-held companies that operate private prisons: CoreCivic and GEO Group.
WEST SACRAMENTO, Calif. (October 23, 2018) – The California State Teachers’ Retirement System announced Kirsty Jenkinson has been hired as the director of corporate governance and will start in January 2019. Ms. Jenkinson replaces Anne Sheehan, who retired in March of this year.
WEST SACRAMENTO, CA – August 9, 2018 – As the world’s largest educator-only pension fund, the California State Teachers’ Retirement System (CalSTRS) embodies a century-long pledge to invest hard-earned pension contributions on behalf of almost one million California educators, retirees and their beneficiaries.
On Friday, July 20, 2018, CalSTRS Chief Investment Officer Christopher J. Ailman informed the Teachers’ Retirement Board that he had initiated the CalSTRS Divestment Policy as it applies to investments in private prison companies. The policy requires a comprehensive review of affected companies to determine potential risks they pose to the CalSTRS portfolio. The process includes further engagement with the leadership at the companies to ensure they are adhering to the law, CalSTRS policies, and best practice corporate governance principles.
WEST SACRAMENTO, Calif. (July 20, 2018) – The California State Teachers’ Retirement System announced that the fund posted a 9.0 percent return (net of fees) for the 2017-18 fiscal year, exceeding the investment assumption of 7.0 percent for the second consecutive year and helping advance the fund towards full funding in the decades ahead. As of June 30, 2018, the total fund value was $223.8 billion.
WEST SACRAMENTO, Calif. (July 2, 2018) – The California State Teachers’ Retirement System announced Julie Underwood has been hired as the chief financial officer and will start on July 16. Ms. Underwood replaces Robin Madsen, who retired in March of this year.
Ms. Underwood comes to CalSTRS from the $9.9 billion San Bernardino County Employees’ Retirement Association, a multiple-employer defined benefit pension plan, where she’s been the CFO since 2010.
WEST SACRAMENTO, Calif. (June 21, 2018) – The California State Teachers’ Retirement System today announced the hiring of Scott Chan as the new deputy chief investment officer. Mr. Chan begins his tenure on August 1 and will report directly to CalSTRS Chief Investment Officer Christopher J. Ailman.
WEST SACRAMENTO, Calif. (May 11, 2018) – The trustees of the California State Teachers’ Retirement System yesterday elected Dana Dillon as board chair and Sharon Hendricks as vice chair for the 2018-19 term. The Teachers’ Retirement Board nominates and elects its chair and vice chair annually. The newly-elected officers assume their posts immediately. The chair and vice chair provide board leadership for the largest educator-only pension fund in the world.
WEST SACRAMENTO, Calif. (May 10, 2018) – The Teachers’ Retirement Board today adopted the results of the actuarial valuation for the CalSTRS Defined Benefit Program as of June 30, 2017, reflecting impacts from investment assumption changes while also noting continued progress toward the system’s long-term funding goals.
WEST SACRAMENTO, Calif. (May 9, 2018) – The California State Teachers’ Retirement System today unveiled a plan to prioritize engagement with makers and retailers of firearms that are illegal in California. The plan, approved unanimously by the Teachers’ Retirement Board, authorizes CalSTRS corporate governance staff to make firearms engagement activities a top priority by publicly engaging companies and potentially recommending that the board consider divestment if engagement efforts fail.
WEST SACRAMENTO, Calif. (April 5, 2018) – Today, Aeisha Mastagni, Portfolio Manager in the CalSTRS Corporate Governance Unit, made the following statement regarding CalSTRS’ ongoing engagement with Facebook, Inc.:
“CalSTRS has owned shares in Facebook, Inc. since its initial public offering in 2012, as well as through privately held assets prior to the IPO. While CalSTRS applauds the growth in Facebook’s market capitalization to build value for its shareholders, it is also part of our due diligence to focus on what actions are being taken both now and in the future to mitigate risks that could potentially impact shareholder value.
WEST SACRAMENTO, Calif. (March 26, 2018) – Today, Harry Keiley, the Chair of the Investment Committee for the California State Teachers’ Retirement Board, made the following statement regarding the March 22, 2018 announcement by Citigroup, Inc. that they are instituting a new U.S. Commercial Firearms policy.
WEST SACRAMENTO, Calif. (March 8, 2018) – Today, Harry Keiley, the Chair of the Investment Committee for the California State Teachers’ Retirement Board, made the following statement regarding last week’s announcement by Dick’s Sporting Goods that they will no longer sell guns to customers under the age of 21, they will cease selling high capacity magazines, and they will no longer sell assault-style weapons.
WEST SACRAMENTO, Calif. (Feb. 21, 2018) – The California State Teachers’ Retirement System announced today that Robin Madsen, only the second person to hold the position of chief financial officer for CalSTRS, will be retiring on March 31, 2018.
Ms. Madsen began her tenure at CalSTRS in June 2009 as a special consultant to then CFO Christine Ford. She was appointed CFO in November 2009, following Ms. Ford’s transition to the Chief of Staff position.
WEST SACRAMENTO, Calif. (Feb. 8, 2018) – The California State Teachers’ Retirement System presented its 11th annual Green Initiative Task Force Report yesterday at the Teachers’ Retirement Board Investment Committee meeting. The report highlights CalSTRS environmental-themed investments and environmental risk-management efforts.
WEST SACRAMENTO, Calif. (February 7, 2018) – The California State Teachers’ Retirement System today adopted Investment Belief #8, thus completing its first-ever set of investment beliefs to provide overarching guidance on CalSTRS’ investment decisions across its portfolio asset classes.
WEST SACRAMENTO, Calif. (Feb. 2, 2018) – The California State Teachers’ Retirement System announced today that, following a rigorous 15-month process, it has selected eight Environmental, Social and Governance-focused asset managers. The following asset managers have been chosen to execute specific investment strategies. When the right investment opportunity presents itself, one or more of these managers are eligible to receive a commitment.
WEST SACRAMENTO, Calif. (January 30, 2018)– The California State Teachers’ Retirement System today released Global Stewardship at Work, its 2016-17 sustainability report. This is the fourth year the system published the report, which is based on the Global Reporting Initiative G4 Guidelines.
WEST SACRAMENTO, Calif. (Jan. 18, 2018) – The California State Teachers’ Retirement System’s Director of Corporate Governance, Anne Sheehan, announced that she will retire March 30, 2018 after 10 years at the helm of the division.
WEST SACRAMENTO, Calif. – CalSTRS Director of Corporate Governance Anne Sheehan made the following statement regarding the recent letter issued to Apple Inc. on January 6, 2018.
WEST SACRAMENTO, Calif. (Dec. 12, 2017) – The California State Teachers’ Retirement System today announced that Pensions & Investments magazine has named it a Best Place to Work in Money Management for 2017. This year’s honor is the third CalSTRS has garnered—the only public pension plan to do so.
WEST SACRAMENTO, Calif. (Nov. 29, 2017) – California State Teachers’ Retirement System’s Chief Investment Officer Christopher J. Ailman has been named recipient of Institutional Investor magazine’s first-ever lifetime achievement award. The award recognizes Mr. Ailman’s three-decade career, including 17 years at CalSTRS–where he shepherded the portfolio’s growth from $116 billion upon his arrival in 2000 to $219.6 billion today.
WEST SACRAMENTO, Calif. (Nov. 21, 2017) – The California State Teachers’ Retirement System received the Drexel LeBow Analytics 50 Award for its redesigned 403bCompare website from Drexel University’s LeBow College of Business. The website was selected based on three criteria: the complexity of the business challenge; the analytics solution implemented; and the solution’s business impact on the organization.
WEST SACRAMENTO, Calif. (Nov. 13, 2017) – The California State Teachers’ Retirement System’s Environmental Sustainability Program successfully diverted over 95 percent of the headquarters building’s office waste from landfills and incinerators, preventing deleterious effects on the environment.
WEST SACRAMENTO, Calif. (Nov. 2, 2017) – At its November 1 meeting, the California State Teachers’ Retirement System Investment Committee announced the selection of RCLCO as the Committee’s new real estate consultant. The contract, which depending on the result of negotiations, will begin in March 2018, is for a three-year term, with a possible two-year extension. The current contract—held by the Townsend Group—expires in February 2018.
WEST SACRAMENTO, Calif. – CalSTRS Chief Executive Officer Jack Ehnes has been elected president of the National Council on Teacher Retirement, marking the first time a Californian has led the organization dedicated to safeguarding the integrity of public retirement systems in the U.S. and its territories. Mr. Ehnes begins his one year term on October 18, succeeding outgoing president, Jill Bachus, Assistant Treasurer, Tennessee Treasury Department.
WEST SACRAMENTO, Calif. – The California State Teachers’ Retirement System received the Award of Innovation for its redesigned 403bCompare website from Pensions & Investments magazine and the Defined Contribution Institutional Investment Association.
WEST SACRAMENTO, Calif. – CalSTRS Chief Investment Officer Christopher J. Ailman made the following statement regarding the strong shareholder support Nelson Peltz received at today’s vote for a position on the board of directors at Procter & Gamble.
WEST SACRAMENTO, Calif. – CalSTRS Director of Corporate Governance Anne Sheehan made the following statement regarding ExxonMobil’s announcement of its intent to expand its Methane Emissions Reduction Program:
“As a longtime advocate for increased climate risk management, CalSTRS supports ExxonMobil’s announcement that it plans to enhance its methane risk management and reduction efforts with concrete steps that will simultaneously reduce atmospheric emissions and capture more natural gas by phasing out methane-emitting equipment, increasing training and designing new emissions-free systems.
WEST SACRAMENTO, Calif. – CalSTRS Director of Corporate Governance Anne Sheehan made the following statement regarding the organization’s intent to support the nomination of Nelson Peltz to the board of directors at Procter & Gamble (NYSE:PG).
WEST SACRAMENTO, Calif., – On September 15, the 403bCompare.com website—hosted and recently redesigned by in-house CalSTRS staff resources—was awarded the prestigious Best of the Web Award in the State Government Experience category by the Center for Digital Government.
WEST SACRAMENTO, Calif. (Aug. 4, 2017) – CalSTRS Director of Corporate Governance Anne Sheehan issued the following statement in response to S&P Dow Jones Indices decision this week to not include companies with multi-class shares in the S&P Composite 1500®.
“We are very pleased by S&P’s decision because it reflects the view of investors that dual and multi-class share structures eliminate a core corporate governance principle—one share, one vote.
WEST SACRAMENTO, Calif., (Aug. 3, 2017) – The California State Teachers’ Retirement System’s Deputy Chief Investment Officer Michelle Cunningham announced her retirement from an investment career spanning 35 years—27 of which have been with CalSTRS.
WEST SACRAMENTO, Calif. – July 20, 2017 – The California State Teachers’ Retirement System announced today that the fund posted a 13.4 percent net of fees return for the 2016-17 fiscal year, with growth being driven by strong performance across all markets, led by non-U.S. equity. As of June 30, 2017, the total fund value was $208.7 billion.
WEST SACRAMENTO, Calif. – July 17, 2017 – The California State Teachers’ Retirement System has, for the fifth consecutive year, contributed one of its talented young—under age 40—investment officers, Orintheo Swanigan, to Chief Investment Officer magazine’s Class of 2017 Top Forty Under Forty.
WEST SACRAMENTO, Calif. – July 13, 2017 – The California State Teachers’ Retirement System today announced the appointment of Diane Stanton as External Affairs Director. In her new role, Ms. Stanton will provide leadership, management and strategic direction for the CalSTRS External Affairs program, with an emphasis on stakeholder relations, outreach and engagement. Her position reports directly to Public Affairs Executive Officer, Grant Boyken.
WEST SACRAMENTO, Calif. – The California State Teachers’ Retirement System’s Director of Corporate Governance Anne Sheehan was elected Chairman of the Securities and Exchange Commission’s Investor Advisory Committee today.
Ms. Sheehan was appointed as a member of the IAC when it was created in 2012, followed by her election as vice chairman in June 2015. Since April 2017, after Kurt Schacht left the committee, Ms. Sheehan has been acting chairman. In addition, Ms. Sheehan served as Chairman of the Investor as Owner Subcommittee from 2012 to 2014.
WEST SACRAMENTO, Calif. – CalSTRS Chief Executive Officer Jack Ehnes issued the following statement reflecting the Teachers’ Retirement Board’s decision to oppose H.R. 10 (Hensarling, R-TX), also known as the Financial CHOICE Act of 2017:
“The Financial CHOICE Act is shrouded in rhetoric about fixing the United States economy and lifting the regulatory burden on our financial institutions. On the contrary, this bill actually aims to unwind important shareholder rights, allows for riskier public companies, and decimates the Securities and Exchange Commission’s ability to protect investors.
WEST SACRAMENTO, Calif. – The Teachers’ Retirement Board today announced the decision to divest the fund of all non-U.S. thermal coal holdings, effective July 1, 2017.
The board’s action aligns with CalSTRS’ long-term global perspective and its fiduciary duty, including consideration of environmental risks – both current and those projected over the next 10 to 25+ years. Burning thermal coal as a means of energy production creates such a risk, as a major contributor of greenhouse gases that negatively impact the climate on a global scale.
WEST SACRAMENTO, Calif.—The California State Teachers’ Retirement System was among the Netflix investors who spoke out today following the entertainment company’s annual meeting, at which shareholders again backed multiple proposals to reform the company’s corporate governance practices.
WEST SACRAMENTO, Calif. – CalSTRS Chief Executive Officer Jack Ehnes issued the following statement in response to President Trump’s decision to withdraw the United States from the Paris Climate Change Agreement:
“For CalSTRS, our primary mission is to maximize returns for the fund in order to safeguard the retirement security for more than 914,000 California educators and their beneficiaries. Over ten years ago, we recognized that climate change presented investment opportunities and risks to the fund and we implemented strategies to address them.
WEST SACRAMENTO, Calif. – The California State Teachers’ Retirement System today released Global Stewardship at Work, its 2015—16 sustainability report. This is the third year the system published the report, which is based on the Global Reporting Initiative G4 Guidelines.
WEST SACRAMENTO, Calif. – CalSTRS voted its 11.6 million shares against long-tenured board members John D. Baker II, John S. Chen, Lloyd H. Dean, Enrique Hernandez, Jr., Donald M. James, Cynthia H. Milligan, Federico F. Peña, Stephen W. Sanger, and Susan G. Swenson. These board members failed in their duty to shareholders to identify the weaknesses in the company’s risk and oversight mechanisms.
WEST SACRAMENTO, Calif. – The California State Teachers’ Retirement System today announced that Governor Brown has appointed Karen Yamamoto to the California State Teachers’ Retirement Board. The board oversees the retirement benefits for California’s prekindergarten–12 and community college educators covered under the California State Teachers’ Retirement System (CalSTRS).
WEST SACRAMENTO, Calif. – The trustees of the California State Teachers’ Retirement System today elected Dana Dillon as board chair and Sharon Hendricks as vice chair for the 2017-18 term.
WEST SACRAMENTO, Calif. – The Teachers’ Retirement Board today adopted the actuarial valuation for the CalSTRS Defined Benefit Program as of June 30, 2016, reflecting impacts from assumption changes while also illustrating continued progress toward the system’s long-term funding goals.
WEST SACRAMENTO, Calif. – The California State Teachers’ Retirement System today released its 2016 Corporate Governance Annual Report. The report highlights the Corporate Governance staff efforts in, among other issues, regulatory activities, proxy voting and portfolio company engagement.
WEST SACRAMENTO, Calif. – The California State Teachers’ Retirement System today praised Banc of California’s announcement that it has added Mary Allis Curran and Dr. Bonnie Guiton Hill to its board of directors. CalSTRS worked together with investment partners Legion Partners Asset Management, LLC and Banc of California to identify the best board candidates.
WEST SACRAMENTO, Calif. – The California State Teachers’ Retirement System today announced its first social bond purchase, worth $5 million. Bond proceeds will go toward financing women-owned enterprises and projects for low-income communities in emerging markets, while providing competitive returns to the teachers’ fund.
WEST SACRAMENTO, Calif. – The California State Teachers’ Retirement System today announced a comprehensive redesign of 403bCompare.com, a free online resource providing tools for visitors to compare hundreds of supplemental savings products available through their employer. The site is available to all certificated and classified employees of California public school and community college districts, county offices of education and charter schools.
WEST SACRAMENTO, Calif. – The California State Teachers’ Retirement System is celebrating the appointment of its Chief Operating Investment Officer, Debra Smith, to the Public Company Accounting Oversight Board’s Standing Advisory Group. Ms. Smith will represent the investors’ perspective and voice in the advisory group. Her three-year term runs through the end of 2019.
UC Berkeley research shows California educators are better supported by CalSTRS’ Defined Benefit pension versus a 401(k)-style plan. Various other studies focus on teacher tenure data by using only young, new-hire turnover statistics in order to represent the majority of the educator workforce, which is inaccurate and misleading.
WEST SACRAMENTO, Calif. – Consistent with its commitment to ensuring a financially sound retirement system, the California State Teachers’ Retirement Board today voted to adopt a new set of actuarial assumptions that reflect members’ increasing life expectancies and current economic trends. Today’s decisions were based on the multi-year CalSTRS Experience Analysis, commonly referred to as the experience study, spanning July 1, 2010, through June 30, 2015.
CalSTRS is one of the founders of the Investor Stewardship Group. The ISG is a collective of some of the largest U.S.-based institutional investors and global asset managers, along with several of their international counterparts. It was formed to develop a sustained initiative to establish a framework of basic standards of investment stewardship and corporate governance for U.S. institutional investor and boardroom conduct. The ISG is being led by the senior corporate governance practitioners at institutional investor and investment management firms.
The ISG brings all types of investors together to enable them to speak with one voice on these fundamental issues of corporate governance and investment stewardship.
WEST SACRAMENTO, Calif. – The California State Teachers’ Retirement System announced today that it was named by Pensions & Investments as a Best Place to Work in Money Management for 2016.
The fifth-annual survey and recognition program is dedicated to identifying and recognizing the best employers in the money management industry and is presented by Pensions & Investments, a global news source for money management.
WEST SACRAMENTO, Calif. – The California State Teachers’ Retirement System announced today its Chief Operating Investment Officer Debra Smith, has been recognized as this year’s black woman in business leadership by the National Coalition of 100 Black Women’s Sacramento Chapter.
The 2016 Leadership in Business Award recognizes the accomplishments of black women in the financial investment services industry.
WEST SACRAMENTO, Calif. – Seven years after initiating its green bonds program, the California State Teachers’ Retirement System is poised for continued portfolio growth and holdings expansion, as reflected in the 10th annual Green Initiatives Task Force Report released yesterday.
WEST SACRAMENTO, Calif. – The California State Teachers’ Retirement System today announced the opening of its sixth full-service member center. This latest member service center is in San Diego’s Mission Valley Area and is known as the San Diego Rio Vista Tower III.
WEST SACRAMENTO, Calif. – The California State Teachers’ Retirement System proudly announced today that its Chief Investment Officer, Christopher J. Ailman, has been recognized as one of this year’s Investors in Education by the Neighborhood Youth Association (NYA) of Los Angeles.
WEST SACRAMENTO, Calif. – The California State Teachers’ Retirement System and the California Public Employees’ Retirement System today announced the Diverse Director DataSource (3D) will now be available through the Equilar Diversity Network.
WEST SACRAMENTO, Calif. – The California State Teachers’ Retirement System is searching for public equity investment managers with an environmental, social and governance focus. There are up to six new ESG manager spots available for consideration.
WEST SACRAMENTO, Calif. – The California State Teachers’ Retirement System today announced the appointment of Grant Boyken as Public Affairs Executive Officer. The position and the branch are new for CalSTRS, having been established after the retirement of Ed Derman, the former Deputy Chief Executive Officer of the Plan Design and Communication Branch.
WEST SACRAMENTO, Calif. – The California State Teachers’ Retirement System today announced Jeff Zimmer as its Director of Benefits and Services Business Transformation. Mr. Zimmer will report to Benefits and Services Executive Officer Andrew Roth and Technology Services Executive Officer Ashish Jain.
WEST SACRAMENTO, Calif. –The California State Teachers’ Retirement System today announced the appointment of Joycelyn Martinez-Wade as Director of Governmental Relations.
WEST SACRAMENTO, Calif. – The California State Teachers’ Retirement System announced today that it waged a highly successful proxy season campaign to advance the majority vote standard in board of director elections at public companies. CalSTRS engaged 106 companies, 94 of which adopted the standard before it went to a vote.
WEST SACRAMENTO, Calif. – The California State Teachers’ Retirement System last Thursday, July 14, approved policy changes to the Corporate Governance Principles which establish the high-level framework, proxy voting activities and shareholder priorities.
WEST SACRAMENTO, CALIF. – The California State Teachers’ Retirement System remains on track for full funding by the year 2046 after announcing today that it ended the 2015-16 fiscal year on June 30, 2016 with a 1.4 percent net return. The three-year net return is 7.8 percent, and over five years, 7.7 percent net.
WEST SACRAMENTO, Calif. – The California State Teachers’ Retirement System today committed up to $2.5 billion to low-carbon strategies in U.S., non-U.S. developed and emerging equity markets.
The passively managed equity portfolio will be invested in an index designed to have significantly lower exposure to carbon emissions than the broad market and nearly complete reduction in exposure to fossil fuel reserves.
WEST SACRAMENTO, Calif. – The California State Teachers’ Retirement System retained the services of the foreign litigation finance group, Bentham Europe, and the international law firm, Quinn Emanuel, which yesterday filed the first of two suits in Germany against Volkswagen AG on behalf of hundreds of institutional funds. The total value of the claims filed yesterday is very significant indeed with shareholders having collectively lost many hundreds of millions of euros, citing the automaker’s admission that it deliberately installed software that misrepresented air quality and emissions information on millions of so-called “clean diesel” vehicles.
WEST SACRAMENTO, Calif. – The California State Teachers’ Retirement System received the Association of Asian American Investment Managers 2016 Founder’s Award today. The award is a one-time honor being given in celebration of AAAIM’s 10th Anniversary.
WEST SACRAMENTO, Calif. – Today, Chancellor Andre G. Bouchard of the Delaware Court of Chancery issued an Order granting Wal-Mart’s motion to dismiss Plaintiffs’ Complaint in In re Wal-Mart Stores, Inc. Delaware Derivative Litigation. The California State Teachers’ Retirement System, the New York City Retirement Funds, and the Indiana Electrical Workers Pension Trust Fund IBEW are Co-Lead Plaintiffs in the case.
WEST SACRAMENTO, Calif. – The California State Teachers’ Retirement System today announced the release of its second annual Global Reporting Initiative sustainability report: Fostering a Secure Future. The report provides an overview of CalSTRS’ sustainable practices and performance, including overviews of stakeholder, employee and member engagement; a description of the alignment between CalSTRS’ values and those of its business partners; and, examples of workforce activities promoting sustainable economic, environmental and social business practices, which guide its long-term strategy.
WEST SACRAMENTO, Calif. – The directors of the California State Teachers’ Retirement System’s Corporate Governance and Innovation & Risk units received awards from Institutional Investor Magazine last night at a Los Angeles awards ceremony.
WEST SACRAMENTO, Calif. – The California State Teachers’ Retirement System today announced that, for the fourth year in a row, a member of the fund’s investment staff was named to Chief Investment Officer magazine’s influential “Forty Under Forty” list of up-and-coming investment professionals under the age of 40.
WEST SACRAMENTO, Calif. – The California State Teachers’ Retirement System today released its 2015 Corporate Governance Annual Report highlighting a successful engagement plan, which resulted in 375 companies adopting a majority vote standard.
“In 2010, CalSTRS’ Corporate Governance program implemented an engagement plan focused on 26 smaller cap companies,” said CalSTRS Director of Corporate Governance Anne Sheehan. “And, as a result of the effort, 80 percent of those companies moved from a plurality to a majority vote standard.”
WEST SACRAMENTO, Calif. – The trustees of the California State Teachers’ Retirement System today elected Dana Dillon as board chair and Sharon Hendricks as vice chair for the 2016-17 term.
WEST SACRAMENTO, Calif. – The California State Teachers’ Retirement System today released the actuarial valuation of the Defined Benefit Program as of June 30, 2015, reflecting the importance of adequate funding over the long term.
WEST SACRAMENTO, Calif. – The California State Teachers’ Retirement System today announced the appointment of Sandy Blair to Director of Retirement Readiness. In her new role, Ms. Blair, the director of CalSTRS Defined Contribution Solutions business unit since 2013, will also oversee CalSTRS member benefits education efforts, field benefits operations, and member and employer outreach activities.
WEST SACRAMENTO, Calif. – The California State Teachers’ Retirement System demonstrated its ongoing commitment to “moving the needle” on gender diversity by spearheading the “Beyond Talk: Taking Action to Achieve Gender Balance in the Financial World” networking workshop, along with State Street Global Advisors, on March 8 in San Francisco.
WEST SACRAMENTO, Calif. – The California State Teachers’ Retirement System today announced plans to participate in a German securities litigation suit against Volkswagen AG, citing the automaker’s admission that it deliberately installed software that misrepresented air quality and emissions information on millions of so-called “clean diesel” vehicles.
WEST SACRAMENTO, Calif. – The Faculty Association of California Community Colleges has named Teachers’ Retirement Board Vice-Chair Sharon Hendricks a co-recipient of the John Vasconcellos Advocate of the Year award for 2016. Sharing the honor with Ms. Hendricks is co-recipient Lynn Shaw, an instructor of electrical technology at Long Beach City College.
WEST SACRAMENTO, Calif. – The California State Teachers’ Retirement System today announced its endorsement of the Institutional Limited Partners Association’s recently-launched fee reporting template for private equity general partners.
WEST SACRAMENTO, Calif. – A study from University of California, Berkeley shows that for the vast majority of teachers, the California State Teachers’ Retirement System Defined Benefit pension provides a higher, more secure retirement income compared to a 401(k)-style plan.
WEST SACRAMENTO, Calif. – The Board of the California State Teachers’ Retirement System voted today to divest from U.S. thermal coal companies and to initiate engagement with non-U.S. companies.
WEST SACRAMENTO, Calif. – Governor Edmund G. Brown announced yesterday the reappointment of Tom Unterman and Nora Vargas to the Teachers’ Retirement Board, which oversees the retirement benefits for California’s K-12 and community college educators covered under the California State Teachers’ Retirement System. Both appointments are subject to Senate confirmation.
WEST SACRAMENTO, Calif. – CalSTRS Chief Executive Officer Jack Ehnes issued the following statement in response to the release of the COP21 Paris 2015: Paris Pledge for Action:
“As a global, institutional investor, CalSTRS was an early adopter of the actions outlined in the Pledge. We were one of the first public pension funds not just to sign the Pledge, but to lend substantive support via the voices and actions of our stakeholder network.
WEST SACRAMENTO, Calif. – CalSTRS Chief Executive Officer, Jack Ehnes issued the following statement on the draft release of the Paris Agreement under the United Nations Framework Convention on Climate Change as part of the Conference of the Parties in Paris, France:
WEST SACRAMENTO, Calif. – The California State Teachers’ Retirement System’s Corporate Governance staff wrapped up this year’s proxy season where the dominant governance issue was proxy access. Proxy access made up more than 28 percent of the governance proposals compared to 6 percent in 2013–14.
WEST SACRAMENTO, Calif. – The California State Teachers’ Retirement System today announced its involvement with the Energy Productivity Index for Companies, a new project that will establish the first global energy productivity benchmark for listed industrial companies. The project was officially launched today in New York.
We are writing today to inform you of our intention to vote against the Board’s amendment to the Bank of America bylaws, which would provide for either an independent Chair or a Lead Independent Director. We have stated many times in previous correspondence that CalSTRS fundamentally supports a leadership structure with an independent Chair. We believe the roles of CEO and Chair of the Board, have inherent conflicts which require the two posts to be separate and independent.
WEST SACRAMENTO, Calif. – The Infrastructure Alliance Partnership among The California State Teachers’ Retirement System (CalSTRS), Dutch pension manager APG, and Argo Infrastructure Partners, today announced it has completed the acquisition of the Cross-Sound Cable, or CSC, transmission line after receiving all regulatory approvals.
WEST SACRAMENTO, Calif. – The California State Teachers’ Retirement System (CalSTRS) today announced the opening of its fifth full-service member center in Riverside’s Citrus Tower. Other service centers are located in Santa Clara, Glendale, Irvine and at the CalSTRS headquarters in West Sacramento.
WEST SACRAMENTO, CALIF. – Investment returns at the California State Teachers’ Retirement System (CalSTRS) came in at 4.8 percent gross for the fiscal-year-end 2014-15, belying stronger long-term performance for the educator fund with $191.4 billion in assets as of June 30, 2015.
WEST SACRAMENTO, Calif. – The California State Teachers’ Retirement System (CalSTRS) today issued guidelines for what it considers the composition of a high-performing corporate board of directors.
WEST SACRAMENTO, Calif. – The California State Teachers’ Retirement System (CalSTRS) continues to sponsor a shareholder proposal to declassify the board of directors (the board) of Perry Ellis International, Inc. (Perry Ellis or the company) at the company’s upcoming annual shareholders meeting, scheduled for July 17, 2015 (the annual meeting). CalSTRS explains the reasons behind its position.
WEST SACRAMENTO, Calif. – The California State Teachers’ Retirement System (CalSTRS) announced today its decision to vote 4.3 million shares against a proposal at the June 16, 2015, Toyota Motor Corporation annual shareholder meeting that would create a dual-class share voting structure.
WEST SACRAMENTO, Calif. – California State Teachers’ Retirement System’s (CalSTRS) Chief Executive Officer Jack Ehnes, announced today that CalSTRS has consented to Cerberus’ proposal allowing CalSTRS to exit its economic interest in Remington Outdoor, ending a two-year divestment effort.
WEST SACRAMENTO, Calif. – The following statement is attributable to California State Teachers’ Retirement System (CalSTRS) Director of Corporate Governance Anne Sheehan:
“While CalSTRS is disappointed Trian did not prevail in their bid to seat a slate of nominees to the DuPont Board of Directors, we are encouraged by the changes Trian Partners have driven at the company. DuPont has acted on many of Trian’s early recommendations and, as partners with Trian, we are prepared to work from the outside toward long-term growth in collaboration with the board.
WEST SACRAMENTO, Calif. – The California State Teachers’ Retirement System (CalSTRS) today announced the release of its 2013–14 Sustainability Report: The Next 100 Years. CalSTRS is the first U.S. public pension fund to complete the rigorous and detailed sustainability reporting guidelines consistent with the Global Reporting Initiative .
WEST SACRAMENTO, Calif. – The California State Teachers’ Retirement System (CalSTRS) today announced it voted its 3.6 million DuPont shares in support of a slate of board candidates proposed by Trian Partners.
WEST SACRAMENTO, Calif. – The California State Teachers’ Retirement System (CalSTRS) today announced the promotion of Andrew Roth to Benefits & Services Executive Officer, Mr. Roth replaces Peggy Plett who will be retiring after 28 years at CalSTRS.
WEST SACRAMENTO, Calif. – Governor Brown announced today the appointment of Nora Vargas to the California State Teachers’ Retirement Board. The board oversees the retirement benefits for California’s prekindergarten–12 and community college educators covered under the California State Teachers’ Retirement System (CalSTRS).
WEST SACRAMENTO, Calif. – The California State Teachers’ Retirement System’s (CalSTRS) Carrie Lo has been named to Chief Investment Officer magazine’s influential “Forty Under Forty” list of up-and-coming investment professionals under the age of 40.
WEST SACRAMENTO, Calif. – The California State Teachers’ Retirement System (CalSTRS) today announced that Corporate Governance Investment Officer Aeisha Mastagni was elected to the board of directors of Council of Institutional Investors (CII).
WEST SACRAMENTO, CA – The California State Teachers’ Retirement System (CalSTRS) yesterday announced the election of the three member-representatives to the CalSTRS governing board. The members will each serve a four-year term, which begins January 1, 2016.
WEST SACRAMENTO, Calif. – The California State Teachers’ Retirement System’s (CalSTRS) Investment Committee today updated their Corporate Governance Principles to expand the definition of board diversity to include sexual orientation and gender identity.
WEST SACRAMENTO, Calif. – The board of the California State Teachers’ Retirement System (CalSTRS) today adopted the actuarial valuation of the Defined Benefit Program as of June 30, 2014. The gap between current assets and the obligations facing the system—known as the unfunded actuarial obligation, or funding gap—has shrunk slightly to $72.7 billion—a nearly one billion dollar decrease from the previous years’ $73.67 billion.
WEST SACRAMENTO, Calif. – The trustees of the California State Teachers’ Retirement System (CalSTRS) yesterday returned Harry Keiley as board chair and Sharon Hendricks as vice chair for the 2015-16 term.
WEST SACRAMENTO, Calif. – Through an extensive competitive bidding process, the California State Teachers’ Retirement System (CalSTRS) has awarded CGI Technologies and Solutions Inc. a $121 million contract to configure and implement a new information technology system for the administration of CalSTRS benefits.
WEST SACRAMENTO, Calif. – The California State Teachers’ Retirement System’s (CalSTRS) Investment Committee adoption last week of updated Corporate Governance Principles, sets the stage for an active proxy season in 2015.
WEST SACRAMENTO, Calif. – Governor Brown announced today the reappointment of Paul Rosenstiel to the Teachers’ Retirement Board, which oversees the retirement benefits for California’s K-12 and community college educators covered under the California State Teachers’ Retirement System (CalSTRS). Mr. Rosenstiel was first appointed to the board in November 2011.
WEST SACRAMENTO, Calif. – The California State Teachers’ Retirement System (CalSTRS) received its final $15.6 million payment of compensation from the 1997 sale of the Elk Hills Naval Petroleum Reserve as part of the $1.1 trillion budget appropriation bill signed into law today by the President.
WEST SACRAMENTO, Calif. – The California State Teachers’ Retirement System’s (CalSTRS) Corporate Governance 2014 Annual Report shows its engagement with small-cap companies yielded remarkable progress in the adoption of majority voting standards for the election of corporate directors.
The Corporate Governance 2014 Annual Report reflects four years of work with small-cap companies—those with a capitalization of $2 billion or less—to adopt the majority-vote standard. The standard requires directors to receive a majority of shareholder support to be elected to the board.
WEST SACRAMENTO, Calif. – California State Teachers’ Retirement System’s (CalSTRS) eighth annual Green Initiative Task Force 2014 Annual Report shows an almost 300 percent increase in green bond purchases within the Fixed Income portfolio. This year, the Teachers’ Retirement Board identified sustainable investing as a key, strategic priority, which is reflected in the report and other initiatives.
WEST SACRAMENTO, Calif. – The California State Teachers’ Retirement System’s (CalSTRS) Chief Executive Officer Jack Ehnes expressed his sadness at the passing, on Tuesday November 4, of former CalSTRS CEO Jim Mosman in his longtime hometown of Sacramento. Mr. Mosman led CalSTRS for 12 years from 1988 until 2001.
WEST SACRAMENTO, Calif. – The California State Teachers’ Retirement System (CalSTRS) announced today the completion of its Investment Branch leadership restructuring with the hiring of its first Chief Operating Investment Officer and two asset class directors.
WEST SACRAMENTO, Calif. – The California State Teachers’ Retirement System (CalSTRS) issued the following statement about today’s shareholder vote on proxy access at the Oracle Corporation. CalSTRS Director of Corporate Governance Anne Sheehan said:
WEST SACRAMENTO, Calif. – A new report from Ceres ranks the nation’s 330 largest insurance companies on their response to climate-related risks and finds a profound lack of preparedness. CalSTRS currently holds $4.3 billion of investments in the insurance sector, which represents 2.4 percent of the overall portfolio. CalSTRS believes that climate-related risks and opportunities can affect the performance of its investments.
WEST SACRAMENTO, Calif. – Institutional investors representing more than $3 trillion in assets under management, along with some of the nation’s leading women’s organizations, sent letters to 100 companies in the Russell 1000 Index that lack women on their boards of directors, urging them to embrace gender diversity.
WEST SACRAMENTO, Calif. – The California State Teachers’ Retirement System (CalSTRS) today announced it has received top honors for the portfolio’s 2013-14 performance from iiSEARCHES—Institutional Investor’s investment management, sales and marketing data service.
WEST SACRAMENTO, Calif. – California State Teachers’ Retirement System (CalSTRS) Chief Executive Officer Jack Ehnes, announced plans to increase current clean energy and technology investments of $1.4 billion to $3.7 billion over the next five years in an effort to increase low-carbon investments. The move is in response to United Nations Secretary-General Ban Ki-moon’s call for bold action to reduce carbon emissions and build resilience to the impacts of climate change ahead of the United Nations Climate Summit on September 23, 2014.
WEST SACRAMENTO, Calif. – The California State Teachers’ Retirement System (CalSTRS) today announced overwhelming corporate governance success during the 2014 proxy season, as 86 of the 93 companies it engaged adopted a majority voting standard in corporate board elections.
WEST SACRAMENTO, Calif. – The Teachers’ Retirement Board Thursday adopted regulations clarifying what forms of pay can and cannot be credited to California State Teachers’ Retirement System (CalSTRS) members’ defined benefit pension accounts. The regulations apply to members who were hired before the January 1, 2013 effective date of the California Public Employees’ Pension Reform Act. CalSTRS Deputy Chief Executive Officer Ed Derman issued the following statement.
WEST SACRAMENTO, Calif. – The California State Teachers’ Retirement System (CalSTRS), in collaboration with the California Public Employees’ Retirement System (CalPERS), sent the 131 California companies in their portfolios that lack women directors a letter offering their combined expertise to help diversify their boards.
WEST SACRAMENTO, Calif. – California State Teachers’ Retirement System (CalSTRS) today announced the promotion of Lisa Blatnick to Chief of Administrative Services, an executive position focused, in part, on attaining business goals outlined in CalSTRS 2014-15 fiscal year business plan. Ms. Blatnick’s position was effective August 1, 2014.
WEST SACRAMENTO, Calif. – Continued growth in the equity market, coupled with a bias to U.S. companies, fed a second year of healthy investment returns at the California State Teachers’ Retirement System (CalSTRS), which closed the 2013-14 fiscal year with an 18.66 percent return on its investments.
WEST SACRAMENTO, Calif. – The California State Teachers’ Retirement System (CalSTRS) today announced the election of Corporate Governance Investment Officer Aeisha Mastagni to the Board of Directors of the International Corporate Governance Network (ICGN).
WEST SACRAMENTO, Calif. – The California State Teachers’ Retirement System (CalSTRS) today announced the Monday, June 30, opening of its Irvine Member Service Center. This is the fourth full-service member center, with other service centers in Santa Clara, Glendale and the CalSTRS Headquarters in West Sacramento.
WEST SACRAMENTO, Calif. – The California State Teachers’ Retirement System (CalSTRS) announced today the selection of June Kim as the Director of Global Equity, CalSTRS’ largest asset class, valued at more than $100 billion.
WEST SACRAMENTO, Calif. – Governor Brown’s signing of Assembly Bill 1469 today, enacted as part of the 2014-15 budget, concludes a decade-long effort to bridge CalSTRS’ nearly $74 billion funding gap.
WEST SACRAMENTO, Calif. – California State Teachers’ Retirement System (CalSTRS) Chief Executive Officer Jack Ehnes issued the following statement in response to the Legislature’s approval of Assembly Bill 1469, which provides a long-term funding plan for CalSTRS:
WEST SACRAMENTO, Calif. – The California State Teachers’ Retirement System (CalSTRS) announced today it has hired Larry Jensen as its chief auditor, effective July 1, 2014.
WEST SACRAMENTO, Calif. – One thing Josh Diedesch can say about his young career at the California State Teachers’ Retirement System (CalSTRS) – things happened quickly. Whether it’s exposure to a wide variety of investment tasks, getting a front-row seat to the global financial crisis and its aftermath, or getting noticed, he has had little time to react.
WEST SACRAMENTO, Calif. – The California State Teachers’ Retirement System (CalSTRS) today announced that its West Sacramento headquarters building received The Outstanding Building of the Year (TOBY) Award in the ‘Corporate Facility’ class for the Pacific Southwest region. CalSTRS won the regional award over entries from Greater Phoenix, Nevada, Hawaii and other commercial buildings in California.
WEST SACRAMENTO, Calif. – California State Teachers’ Retirement System (CalSTRS) Chief Executive Officer Jack Ehnes issued the following statement in response to Governor Brown’s release of the revised 2014-15 budget proposal.
WEST SACRAMENTO, Calif. – The California State Teachers’ Retirement System (CalSTRS) received three awards at the inaugural Investor Intelligence Awards event in Los Angeles, sponsored by Institutional Investor Magazine.
WEST SACRAMENTO, Calif. – The California State Teachers’ Retirement System (CalSTRS) today announced the commitment of $200 million to diversify its Private Equity Proactive Portfolio, which reaches small, niche emerging managers including those in underserved domestic markets.
WEST SACRAMENTO, Calif. – California State Teachers’ Retirement System (CalSTRS) Chief Executive Officer Jack Ehnes issued the following statement on the joint informational hearing of the Assembly Committee on Public Employees, Retirement and Social Security and the Senate Committee on Public Employment and Retirement held April 9, 2014.
WEST SACRAMENTO, Calif. – The California State Teachers’ Retirement System (CalSTRS) Investment Committee today adopted a dual-consultant arrangement designed to improve research and provide broader opinions on key investment issues and decisions.
WEST SACRAMENTO, Calif. – The board of the California State Teachers’ Retirement System (CalSTRS) today adopted the actuarial valuation of the Defined Benefit Program as of June 30, 2013. The gap between current assets and the obligations facing the system—known as the unfunded actuarial obligation, or funding gap—has grown to $73.7 billion.
WEST SACRAMENTO, Calif. – The trustees of the California State Teachers’ Retirement System (CalSTRS) today elected Harry Keiley board Chair and named Sharon Hendricks as Vice Chair for the 2014-2015 term.
WEST SACRAMENTO, Calif. – The Teachers’ Retirement Board today selected ING U.S. as the new third party administrator, commonly called the recordkeeper, for the California State Teachers’ Retirement System supplementary savings plan, known as Pension2®.
WEST SACRAMENTO, Calif. – California State Teachers’ Retirement System (CalSTRS) Chief Executive Officer Jack Ehnes issued the following statement on the joint informational hearing of the Assembly Committee on Public Employees, Retirement and Social Security and the Senate Committee on Public Employment and Retirement held March 19, 2014.
WEST SACRAMENTO, Calif. – The California State Teachers’ Retirement System (CalSTRS) today submitted its first report to the California Legislature outlining progress in bringing emerging managers into the stewardship of its investments.
WEST SACRAMENTO, Calif. – The California State Teachers’ Retirement System’s (CalSTRS) Chief Investment Officer Christopher J. Ailman expressed his sadness at the news of the February 26 passing of an esteemed colleague, Joseph A. Dear, Chief Investment Officer of the California Public Employees’ Retirement System. Mr. Ailman issued the following statement.
WEST SACRAMENTO, Calif. – California State Teachers’ Retirement System (CalSTRS) Chief Executive Officer Jack Ehnes and Deputy Chief Executive Officer Ed Derman testified before the Assembly Public Employees, Retirement and Social Security Committee hearing, “Addressing the CalSTRS Long-Term Funding Needs: An Update of the SCR 105 Report.” The February 19 hearing marks the first in a series to assist legislative development of a funding policy to resolve the $71 billion CalSTRS funding shortfall.
WEST SACRAMENTO, Calif. – California State Teachers’ Retirement System (CalSTRS) Chief Executive Officer Jack Ehnes issued the following statement on the Legislature’s announcement of a plan to move forward with legislation, to be amended in Assembly Bill 611, to close the $71 billion CalSTRS funding shortfall.
WEST SACRAMENTO, Calif. – Governor Brown announced today the appointment of Joy Higa to the Teachers’ Retirement Board, which oversees the retirement benefits for California’s K-12 and community college educators covered under the California State Teachers’ Retirement System (CalSTRS).
WEST SACRAMENTO, Calif. – California State Teachers’ Retirement System (CalSTRS) Chief Executive Officer Jack Ehnes issued the following statement on the Administration’s commitment to a formal funding solution to close the $71 billion CalSTRS funding shortfall:
“Although no specific amount for CalSTRS funding was included in the proposed 2014-15 State Budget, language that commits the Administration to work with all parties toward a funding plan within 30 years brings promise that its adoption is on the horizon.
WEST SACRAMENTO, Calif. – The California State Teachers’ Retirement System (CalSTRS) today announced that Chief Investment Officer Christopher J. Ailman will join the Principles for Responsible Investment Association Board.
WEST SACRAMENTO, CA – The California State Teachers’ Retirement System (CalSTRS) today announced that, effective January 1, 2014, CalSTRS Retirement Progress Reports (RPR) will be available exclusively online, unless a paper version is requested. The change is enacted under Assembly Bill 989.
WEST SACRAMENTO, Calif. – The leadership at the California State Teachers’ Retirement System (CalSTRS) today expressed its disappointment that gunmaker, Freedom Group, has not been sold as the nation marks the eve of the anniversary of the tragedy at Sandy Hook Elementary School. CalSTRS Chief Investment Officer Christopher J. Ailman issued the following statement:
WEST SACRAMENTO, CA – California State Teachers’ Retirement System (CalSTRS) today announced the release of the Green Initiative Task Force’s seventh annual report detailing investment activities in environmental risk management and seized opportunities.
WEST SACRAMENTO, CA – The California State Teachers’ Retirement System (CalSTRS) today announced the appointment of Sandy Blair to head the office overseeing the voluntary defined contribution plan, known as Pension2®.
WEST SACRAMENTO, CA – The California State Teachers’ Retirement System (CalSTRS) is the first pension plan to be named to Pensions & Investments magazine’s “Best Places to Work In Money Management” list, the publication announced this week.
Inclusion on the list places CalSTRS, the only public entity on the list, among just 25 companies nationwide to make the list.
WEST SACRAMENTO, CA – The California State Teachers’ Retirement System (CalSTRS) today announced it has selected Meketa Investment Group and Pension Consulting Alliance as its general consultants to the Investment Committee.
WEST SACRAMENTO, CA – The California State Teachers’ Retirement System (CalSTRS) can expect to receive approximately $19.5 million plus interest from JP Morgan Chase & Co. as part of a landmark $13 billion settlement with the U.S. Justice Department over the bank’s misrepresentation of residential mortgage-backed securities leading up to the financial crisis.
WEST SACRAMENTO, CA – The California State Teachers’ Retirement System (CalSTRS) today announced that Chief Investment Officer, Christopher Ailman received the number three spot in aiCIO magazine’s 2013 Chief Investment Officer Power 100. The list ranks and profiles the 100 most influential and powerful asset owners in the world.
WEST SACRAMENTO, CA – A group of 70 global investors managing more than $3 trillion of collective assets today launched the first-ever coordinated effort to spur 45 of the world’s top oil and gas, coal and electric power companies to assess the financial risks that climate change poses to their business plans.
WEST SACRAMENTO, CA – In response to the proposed Pension Reform Act of 2014 ballot initiative allowing employers to alter the future retirement benefits of current public employees, the California State Teachers’ Retirement System’s Chief Executive Officer Jack Ehnes, issued the following statement.
WEST SACRAMENTO, CA – Yesterday, the Securities and Exchange Commission released a proposed rule that would require all public companies to disclose a comparison of the Chief Executive Officer’s (CEO) compensation to that of the median income of company employees—otherwise known as pay ratio disclosure.
WEST SACRAMENTO, CA – The California State Teachers’ Retirement System (CalSTRS) today announced overwhelming corporate governance success during the 2013 proxy season, as 77 of the 82 companies engaged adopted a majority vote standard in corporate board elections.
WEST SACRAMENTO, CA – The California State Teachers’ Retirement System (CalSTRS) announced today the appointment of Ashish Jain as Chief Technology Officer over Information Technology Architecture, Infrastructure and Operations, effective September 16, 2013.
WEST SACRAMENTO, CA – A new economic impact study released today shows that benefits paid by the California State Teachers’ Retirement System (CalSTRS) to retirees and their beneficiaries statewide generate an $11 billion annual boost into the state’s economy—an amount equivalent to the output of California’s world-renowned wine industry.
WEST SACRAMENTO, CA. – The California State Teachers’ Retirement System (CalSTRS) Investment Committee today voted to make a subtle shift in the long-term asset allocation targets of its $170 billion investment portfolio. The decision caps an exhaustive year-long asset and liability study, which examined the risk and return profiles affecting the investment portfolio.
WEST SACRAMENTO, CA – The California State Teachers’ Retirement System (CalSTRS) and Relational Investors LLC (Relational) commended The Timken Company’s plan, announced today, to spin off its steel division into a separately traded public company.
WEST SACRAMENTO, CA – The California State Teachers’ Retirement System (CalSTRS) announced today its support for proposed Securities and Exchange Commission (SEC) rules requiring financial representatives to act solely for the benefit of their clients when offering defined contribution investment options. The proposed standard is known as the fiduciary standard.
WEST SACRAMENTO, CA – The California State Teachers’ Retirement System (CalSTRS) today announced overwhelming support for its proposal giving shareholders owning 15 percent or more of Freeport-McMoRan stock the right to call a special shareholder meeting.
WEST SACRAMENTO, CA – The California State Teachers’ Retirement System (CalSTRS) has released the Corporate Governance 2013 Annual Report, the first such report at CalSTRS.
WEST SACRAMENTO, CA – Steady growth in the global equity market fueled a 13.8 percent investment return at the California State Teachers’ Retirement System (CalSTRS) to close the 2012–13 fiscal year. However, CalSTRS still faces significant long-term funding challenges.
Governor Brown announced today the appointment of Thomas Unterman to the Teachers’ Retirement Board, which oversees the retirement benefits for California’s K-12 and Community College educators covered under CalSTRS.
WEST SACRAMENTO, CA – Less than a week after President Obama unveiled an ambitious climate change action plan, the California State Teachers’ Retirement System (CalSTRS) and other major U.S. investors are encouraging policymakers to extend benefits available to oil, gas and real estate projects to spur investment in renewable energy developments.
WEST SACRAMENTO, CA – The California State Teachers’ Retirement System (CalSTRS) today announced that a mobile-optimized version of their website, CalSTRS.com, is available. When accessing CalSTRS.com from a smartphone, users are automatically directed to CalSTRS Mobile and the Web content is optimized and transformed for enhanced functionality and use.
WEST SACRAMENTO, CA – Institutional investors and their investment managers must integrate the financial risks from climate change, resource scarcity, supply chain failures and tighter water supplies into their investment practices if they are to be successful in the 21st century.
WEST SACRAMENTO, CA. – The California State Teachers’ Retirement System (CalSTRS) today announced Netflix shareholder support for its proposal (No. 5) requiring uncontested directors receive a majority of votes cast in order to be seated.
WEST SACRAMENTO, CA – The California State Teachers’ Retirement System (CalSTRS) today announced the Monday, June 17 opening of the Santa Clara Member Service Center. This is the second full-service member center outside of the CalSTRS headquarters in West Sacramento. The Glendale Member Service Center opened in January 2012.
WEST SACRAMENTO, CA – On the eve of the inaugural Global Investor Forum on Climate Change on June 13-14 in Hong Kong, a total of 22 American investment firms with approximately $240 billion in assets under management, led by the California State Teachers’ Retirement System (CalSTRS) and the Oregon State Treasurer’s office, have signed the Climate Declaration, calling on U.S. policymakers to seize the American economic opportunity of addressing climate change.
WEST SACRAMENTO, CA – The California State Teachers’ Retirement System’s (CalSTRS) Director of Corporate Governance Anne Sheehan issued the following statement today regarding the Timken Company decision to establish a board strategy committee to evaluate the separation of the steel business.
WEST SACRAMENTO, CA – California State Teachers’ Retirement System (CalSTRS) Chief Investment Officer Christopher J. Ailman has joined the 300 Club, an independent group made up of leading investment professionals from around the globe.
WEST SACRAMENTO, CA – Shareholders today voted 53 percent to support the California State Teachers’ Retirement System (CalSTRS) proposal to split The Timken Company into separate steel and ball bearing businesses. The move will unlock greater shareholder value, CalSTRS officials announced at the annual shareholder meeting in Canton, Ohio.
WEST SACRAMENTO, CA – Despite California State Teachers’ Retirement System (CalSTRS) support, Occidental Petroleum Board Chairman Ray Irani failed to receive a majority of shareholders’ support. The vote took place today at the company’s annual meeting in Los Angeles.
WEST SACRAMENTO, CA – The California State Teachers’ Retirement System (CalSTRS) today issued the following statement, attributed to Director of Corporate Governance Anne Sheehan.
WEST SACRAMENTO, CA – The public pension fund members of the Council of Institutional Investors (CII) have elected Anne Sheehan, of the California State Teachers’ Retirement System (CalSTRS), to a second yearlong term as chair.
