News Releases

News Releases

Overview

Read all current and past CalSTRS news releases dating to 1998.

News release Ricardo Duran

CalSTRS and Relational Commend Timken Spinoff Plan
The plan respects the will of a majority of shareholders to split into separate steel and bearings businesses.

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.

News release Ricardo Duran

CalSTRS Chief Investment Officer Supports Proposed SEC Rules Change
The change would require financial representatives to clearly state they are acting solely for the benefit of their clients.

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.

News release Michael Sicilia

CalSTRS Reports Healthy Investment Returns in 2012–13
Steady growth in the global equity markets fueled double-digit returns, but a long-term funding solution is still needed.

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.

News release Ricardo Duran

Investors: Extend Oil, Gas, and Real Estate Benefits to Clean Energy to Spur Investment
Passage of Master Limited Partnerships Parity Act and updated real estate tax terms would boost investment in renewable energy projects, investors say.

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.

News release Ricardo Duran

CalSTRS Launches Mobile-Optimized Website
CalSTRS Mobile delivers Web content in an easy-to-use format specifically designed for mobile devices.

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.

News release Ricardo Duran

CalSTRS Opens Member Service Center in Santa Clara
The center will offer Bay Area CalSTRS members a full range of retirement services.

The CalSTRS Member Service Center occupies 7,423 square feet on the third floor of the Santa Clara Towers building.

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.

News release Gretchen Zeagler

Led by CalSTRS and Oregon Treasurer, 22 U.S. Investors Sign Climate Declaration, Joining Call to Action on Climate Policy
On the Eve of the First Global Investor Forum on Climate Change in Hong Kong, Investors Cite Economic Opportunity of Addressing Climate Change in the U.S.

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.

Statement Ricardo Duran

CalSTRS Proposal to Split Timken Approved by Shareholders
Shareholders understand the added value of the businesses as separate companies.

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.

News release Ricardo Duran

CalSTRS to Vote Against Key Timken Board Members
Poor governance has resulted in the board working in the Timken family interest.

CalSTRS to Vote Against Key Timken Board Members

WEST SACRAMENTO, CA – The California State Teachers’ Retirement System (CalSTRS) today announced how it will vote at the May 7, 2013, Timken Company annual shareholder meeting in Canton, Ohio. A detailed vote tally and analysis are available in the Corporate Governance section of the CalSTRS website.

News release Michael Sicilia

Is the U.S. Insurance Industry Prepared for Climate Change?
Analysis of first-ever industry-wide survey finds that only 23 of 184 companies have comprehensive climate change strategies, yet some leaders are emerging.

Ceres proposes recommendations to insurers and regulators to maintain insurability in a warming world.

BOSTON – 2012 was the warmest year on record in the lower 48 states and the second most extreme weather year in United States history. Insurers are increasingly acknowledging that extreme weather has become the new normal, yet a new report from Ceres finds that many in the industry are only just beginning to think about how to address the effects climate change may have on their business – while a small group of companies is leading the way.

Statement Ricardo Duran

CalSTRS Statement on its Vote at the Disney Annual Shareholder Meeting
Combined Chair/CEO positions and executive compensation program are concerns.

WEST SACRAMENTO, CA – The California State Teachers’ Retirement System (CalSTRS) today issued the following statement regarding its votes at the Walt Disney Company Annual Shareholder Meeting in Phoenix, Ariz. This statement is attributable to CalSTRS Director of Corporate Governance, Anne Sheehan.

News release

CalSTRS Disney Proxy Vote Video News Release

CalSTRS Disney Proxy Vote Video News Release

Corporate Governance Director Anne Sheehan lays out CalSTRS’ issues with The Walt Disney Company’s governance structure—especially the current combined role of CEO and Board Chair—and CalSTRS intent to vote against this and other structural shortcomings at Disney’s March 6, 2013 annual meeting.

News release Ricardo Duran

CalSTRS Finds One Million Dollars Overpaid to Cajon Valley Union School District Retirees
Retirement incentive payments were improperly added to final compensation affecting 77 retirees.

WEST SACRAMENTO, CA. – The California State Teachers’ Retirement System (CalSTRS) today announced that incorrect payroll data reported by the Cajon Valley Union School District resulted in pension overpayments of more than $1 million affecting 77 district retirees.

Statement Ricardo Duran

CalSTRS Submits SCR 105 Report on System Funding to the Legislature
Sustaining Retirement Security for Future Generations: Funding the California State Teachers’ Retirement System

“On February 14, 2013, CalSTRS submitted its report of possible funding strategies, Sustaining Retirement Security for Future Generations: Funding the California State Teachers’ Retirement System, to the Legislature as requested by Senate Concurrent Resolution 105 (Negrete McLeod). The report doesn’t contain any single funding approach endorsed by the Teachers Retirement Board. However, from the board’s perspective as fiduciaries, the definitive approach to address the funding shortfall fully funds the Defined Benefit Program within a 30-year timeframe.

News release Ricardo Duran

CalSTRS to Vote Against Disney’s Combined Chair/CEO, Executive Pay
Combined roles create conflicts and compensation plan works against shareholders’ interest.

WEST SACRAMENTO, CA – The California State Teachers’ Retirement System (CalSTRS) today announced its vote at the March 6, 2013, Walt Disney Company annual shareholder meeting. A detailed vote tally and analysis are available in the Corporate Governance section of the CalSTRS website.

News release Ricardo Duran

CalSTRS Launches Redesigned Website
New, easy-to-navigate site is loaded with valuable information encouraging visitors to learn more about CalSTRS plan design, retirement benefits, investment portfolio and long-term plan funding.

WEST SACRAMENTO, CA – The California State Teachers’ Retirement System (CalSTRS) recently unveiled a redesigned and improved website, www.CalSTRS.com. The website’s new design offers California’s educators, stakeholders and the public improved access to CalSTRS benefits and services information. The improved site also reflects the organization’s focus on investments, corporate governance and sustainability, and plan funding issues.

News release Ricardo Duran

CalSTRS Finds Half Million Dollars Overpaid to Yuba City School Retirees
Retirement Incentive payments were improperly added to final compensation affecting 54 retirees.

WEST SACRAMENTO, CA – The California State Teachers’ Retirement System (CalSTRS) announced today that it is in the process of recovering more than $500,000 in pension overpayments to 54 Yuba City Unified School District retirees, the result of incorrectly reported retirement incentive payments. The finding was made public in a CalSTRS Audit Report.

News release Ricardo Duran

CalSTRS Involved in New Financial Services Exam Pilot Program
CalSTRS investment support staff are part of the CFA Institute's Claritas Investment Certificate pilot program.

WEST SACRAMENTO, CA – Investment staff at the California State Teachers’ Retirement System (CalSTRS) are involved in the pilot phase for the Claritas™ Investment Certificate program, designed to raise the knowledge level of people who work alongside investment professionals.

Statement Michael Sicilia Ricardo Duran

CalSTRS Statement on its Decision to Divest of Certain Firearms Holdings
Investment Committee decides to begin divestment process from assault weapons manufacturers.

WEST SACRAMENTO, CA – The California State Teachers’ Retirement System (CalSTRS) Investment Committee today issued the following statement on its decision to direct staff to begin the process of divestment from firearms companies that manufacture weapons that are illegal in California.

Statement Ricardo Duran

CalSTRS Releases Statement on Investments in Firearms Manufacturers

WEST SACRAMENTO, CA – The California State Teachers’ Retirement System (CalSTRS) released a statement today regarding its investments in private equity funds managed by Cerberus Capital Management that are invested in the Freedom Group, which manufactures firearms:

“The tragic and devastating acts that took place December 14 at Sandy Hook Elementary School in Connecticut have prompted many in this country to call for change: To determine what we can do differently to help ensure the unthinkable never happens again.

News release Michael Sicilia

CalSTRS Responds to State Controller’s Review Addressing Pension Spiking Controls and Processes
CalSTRS Responds to State Controller's Review Addressing Pension Spiking Controls and Processes

WEST SACRAMENTO, CA – CalSTRS CEO Jack Ehnes issued a statement today in response to State Controller John Chiang’s “Pension Controls and Mechanisms” review addressing pension spiking:

“Last year, before the State Controller announced plans for his review, CalSTRS had identified the need to make aggressive changes and upgrades to mitigate pension spiking. This resulted in the creation of a toll-free Pension Abuse Reporting Hotline and a dedicated Compensation Review Unit to investigate suspected pension spiking cases.

News release Ricardo Duran

CalSTRS 2012 Proxy Season Successful in Advancing Majority Voting
CalSTRS Reports Overwhelming Success Regarding Adopting a Majority Voting Standard in Director Elections

WEST SACRAMENTO, CA – CalSTRS, the California State Teachers’ Retirement System, reports overwhelming success regarding adopting a majority voting standard in director elections with the 95 companies engaged in the 2012 proxy season.Eighty-two of those companies adopted a majority voting standard.

News release Ricardo Duran Christopher J. Ailman

CalSTRS Investment Returns Reflect Global Markets in 2011-12
Volatility and strong headwinds flatten performance but downturn's wake has passed

WEST SACRAMENTO, CA – Flat investment returns at CalSTRS, the California State Teachers’ Retirement System, reflected the highly volatile and challenging global markets of the 2011-12 fiscal year.

The 1.8-percent return rate is well below the actuarial assumed rate of 7.5 percent and 150 basis points below the policy benchmark, the fund’s performance measuring stick.The CalSTRS Investment Portfolio’s market value for the fiscal year ending June 30 was $150.6 billion.

News release Ricardo Duran

CalSTRS, Industry Group, Say Technology Increases Shareholder Participation
The finding is in a report on best practices for virtual shareholder meetings

WEST SACRAMENTO, CA – CalSTRS, the California State Teachers’ Retirement System, as part of an industry working group, has issued a report titled, “Guidelines for Protecting and Enhancing Online Shareholder Participation in Annual Meetings ,” that shows how technology can boost shareholder participation through online annual meetings.

News release Michael Sicilia

CalSTRS to Vote 5.3 Million Shares Against Entire Wal-Mart Board

WEST SACRAMENTO, CA – Jack Ehnes, chief executive officer of CalSTRS, the California State Teachers’ Retirement System, made the following statement regarding CalSTRS’ intent to vote its 5.3 million shares, worth $313.5 million, at the upcoming shareholder meeting:

“CalSTRS believes former and current Wal-Mart executives and board members breached their fiduciary responsibilities. They did so by failing to respond to indications of a pattern of unethical conduct in the company’s foreign operations.

News release Michael Sicilia

CalSTRS Files Suit Against Wal-Mart Officials
Wal-Mart's payment of bribes and internal cover-up at the highest levels prompt legal action in Delaware Court of Chancery

WEST SACRAMENTO, CA – The Teachers’ Retirement Board, the governing body of CalSTRS, today took legal action on behalf of Wal-Mart against current and former Wal-Mart board members. The derivative action lawsuit (PDF – 132 KB) alleges bribery and a subsequent cover-up in the corporation’s Mexico expansion.

News release Michael Sicilia

CalSTRS Selects a Private Equity Consultant
Pension Consulting Alliance will provide assessments of the portfolio's performance

WEST SACRAMENTO, CA – The California State Teachers’ Retirement Board, the governing body of CalSTRS, today announced the selection of Pension Consulting Alliance as the private equity consultant to its Investment Committee for the next five years.

PCA will provide independent assessments of the private equity portfolio’s performance.

News release Michelle Mussuto

CalSTRS Employee Recognition Program Receives International Association’s Best Overall Award

WEST SACRAMENTO, CA – CalSTRS, The California Teachers’ Retirement System, today announced that its employee recognition program, Virtuosity > CalSTRS Powered by You, garnered the 2012 RPI Best Practice Standards® Award for Best Overall Recognition Program from Recognition Professionals International (RPI).The international award celebrates employee recognition innovations that enhance organizational per

News release Ricardo Duran

Dana Dillon Elected Chair of CalSTRS Board
Harry M. Keiley elected Vice Chair

WEST SACRAMENTO, CA – The trustees of CalSTRS, the California State Teachers’ Retirement System, unanimously elected Dana Dillon as chair and Harry M. Keiley as vice chair for the 2012-2013 term at their meeting, Thursday April 12, 2012.

The 12-member Teachers’ Retirement Board nominates and elects its chair and vice chair annually. Trustees serve four-year terms. The officers provide leadership to the board as they develop policies and provide direction for the nation’s largest teacher pension fund. The new officers assume their posts immediately.

News release Ricardo Duran

CalSTRS Board Adopts 2011 Actuarial Valuation
Pension funding shortfall grows, but additional contributions required for full funding decline

WEST SACRAMENTO, CA – The Teachers’ Retirement Board, the governing body of CalSTRS, today adopted the actuarial valuation of the Defined Benefit Program as of June 30, 2011. The valuation reflects a two-percent decrease in the funding status from the previous year, as the final impact of the extraordinary losses in 2008-09 is recognized.

News release Michael Sicilia

Council of Institutional Investors Elects CalSTRS Anne Sheehan as Chair

WEST SACRAMENTO, CA – Anne Sheehan, director of corporate governance at CalSTRS, the California State Teachers’ Retirement System, has been elected chair of the Council of Institutional Investors (CII). CII is a nonprofit association of pensions and other employee benefit funds, endowments and foundations. CII is a leading voice for good corporate governance and strong shareowner rights.

News release Ricardo Duran

CalSTRS Votes Against Combined CEO-Chairman Post and Compensation Plan at Disney’s Annual Meeting
Disney remains the happiest place on Earth–for Robert Iger

WEST SACRAMENTO, CA – The California State Teachers’ Retirement System (CalSTRS) today voted against the Walt Disney Company’s decision to combine the Chairman and Chief Executive Officer (CEO) position. CalSTRS also opposed Disney’s compensation plan for the CEO, calling the governance and nominating committee actions a return to poor governance practices of the past.

News release Ricardo Duran

CalSTRS Partners with IFM on Major Infrastructure Investment

WEST SACRAMENTO, CA – The California State Teachers’ Retirement System (CalSTRS) has awarded Industry Funds Management (IFM), a leading global investment manager, an infrastructure mandate up to $500 million to invest in a diversified portfolio of core infrastructure assets in North America and Europe across a range of sectors.

The mandate represents one of the largest single U.S. fund management commitments made in infrastructure and will give CalSTRS global exposure to the world’s expanding infrastructure market.

News release Ricardo Duran

CalSTRS Lowers Investment Return Assumption
Move is part of a larger experience study updating assumptions to June 30, 2011

WEST SACRAMENTO, CA – The governing board of the California State Teachers’ Retirement System (CalSTRS) today adopted a new set of actuarial assumptions, including lowering the investment return assumption from 7.75 percent to 7.5 percent. The change is part of a four-year experience analysis that sets the parameters for determining the financial health of the system.

News release Ricardo Duran

CalSTRS Analysis of 2011 Say-on-Pay Proxy Voting Available Online
CalSTRS Corporate Governance offers a lessons learned analysis for the first year of mandatory say-on-pay for most U.S. Corporations

WEST SACRAMENTO, CA – The California State Teachers’ Retirement System (CalSTRS) released, “Lessons Learned: The Inaugural Year of Say-on-Pay,” its analysis of shareholders’ ability to vote on executive compensation, known as say-on-pay, during the 2011 proxy season.

News release Ricardo Duran

CalSTRS Calendar Year-End Investment Returns Show Slight Gains
Tumultuous 2011 ends with CalSTRS investments returns slightly positive

WEST SACRAMENTO, CA – Investment returns for the California State Teachers’ Retirement System (CalSTRS) ended the 2011 calendar year posting a 2.3 percent gain, in a year of extreme market volatility.

CalSTRS’ investment portfolio was not immune to the significant daily market fluctuations common during the last half of the year. In July 2011 CalSTRS investment portfolio stood at $152.7 billion, losing $7.9 billion by December 2011.

News release Ricardo Duran

While Washington Waits, Investors Act on Climate Change
Clean Energy Investment Hits Record $260 Billion in 2011

WEST SACRAMENTO, CA – Climate change creates enormous economic risks, but investors such as the California State Teachers’ Retirement System (CalSTRS) know it also represents one of the great financial opportunities of our time.And they are not waiting for governments to start moving on their own toward action.

That was the key message as 450 global investors controlling tens of trillions from four continents gathered today at the United Nations for the Investor Summit on Climate Risk & Energy Solutions.

News release Ricardo Duran

CalSTRS Opens Member Center in Glendale
The center is the first in Southern California to serve both active and retired members

WEST SACRAMENTO, CA – The California State Teachers’ Retirement System (CalSTRS) today announced the opening of its first full-service member center outside of the West Sacramento headquarters.

The center is located at 505 N. Brand Blvd., Suite 200, two blocks from the Ventura Freeway (Highway 134) and two miles from the Golden State Freeway (Interstate 5).

News release Ricardo Duran

Nine Pension Funds Seek Proxy Access Bylaw at Nabors Industries
Coalition cites record of excessive compensation, low accountability

WEST SACRAMENTO, CA – The California State Teachers’ Retirement System (CalSTRS) is part of a group of nine public pension funds that has filed a shareholder resolution asking the board of directors of energy-drilling company Nabors Industries to grant substantial, long-term shareholders the right to nominate directors using the company’s proxy statement.

News release Ricardo Duran

Public School Educators Elect CalSTRS Trustees
The three member-representatives to the Teachers' Retirement Board will serve four-year terms

WEST SACRAMENTO, CA – The California State Teachers’ Retirement System (CalSTRS) today announced the election of three members to the CalSTRS governing board by current public school educators.

The election results were certified by CalSTRS CEO Jack Ehnes and identified the two Board members elected by pre-kindergarten to twelfth grade educators as:

News release Ricardo Duran

CalSTRS Announces Global Macro Hedge Fund Advisor
Lyxor Asset Management will help CalSTRS develop its new Global Macro Hedge Fund strategy

WEST SACRAMENTO, CA – The California State Teachers’ Retirement System (CalSTRS) today announced the selection of Lyxor Asset Management as its advisor in the development of a new global macro hedge fund strategy.

The selection of Lyxor concludes a 15-month selection process for a consultant to help CalSTRS investment staff initiate, monitor and assess its global macro hedge fund strategy.

News release Ricardo Duran

CalSTRS Releases Analysis of Governor’s Pension Reform Proposal

WEST SACRAMENTO, CA – CalSTRS Staff drafted an analysis of the Governor’s 12-point pension reform proposal, which Deputy CEO Ed Derman presented to the Conference Committee on Public Employee Pensions at its December 1, 2011 hearing. The CalSTRS Board has not taken a position on the Governor’s pension reform proposal.

For CalSTRS, the most significant reform that wasn’t included in the Governor’s proposal is a plan of action to address the system’s $56 billion long-term funding shortfall, which only the Legislature and Governor have the authority to develop and implement.

News release Ricardo Duran

CalSTRS Headquarters Achieves Platinum Certification for Leadership in Energy and Environmental Design
West Sacramento building recognized by the U.S. Green Building Council with highest sustainability certification in the world

WEST SACRAMENTO, CA – The California State Teachers’ Retirement System (CalSTRS) announced today that its headquarters building received the U.S. Green Building Council’s (USGBC) Platinum certification in Existing Building and Operations Maintenance (EB:OM) for Leadership in Energy and Environmental Design, otherwise known as LEED®. Platinum is the highest sustainability rating the USGBC offers.

News release Ricardo Duran

CalSTRS Statement on the Appointment of Ralph Whitworth To Hewlett-Packard’s Board of Directors
CalSTRS applauds corporate governance partner named to technology company board

WEST SACRAMENTO, CA – The California State Teachers’ Retirement System (CalSTRS) applauds the appointment of its longtime corporate governance partner, Ralph Whitworth, to the Hewlett-Packard Board of Directors.

The California State Teachers’ Retirement System (CalSTRS) applauds the appointment of its longtime corporate governance partner, Ralph Whitworth, to the Hewlett-Packard Board of Directors.

News release Ricardo Duran

Study Finds Pensions Improve Quality of California’s Public Education System, Reduce Turnover Costs
Pensions helped retain 1,825 California teachers, saving the state more than $26 million

WEST SACRAMENTO, CA – A national study analyzing the effectiveness of defined benefit pensions on teacher retention and productivity found that pensions play a critical role in recruiting and retaining highly productive California teachers.

This increases California’s school effectiveness, thereby benefitting students, according to the study titled, “Three Rs of Teacher Pension Plans: Recruitment, Retention, and Retirement,” issued by the National Institute on Retirement Security (NIRS).

News release Ricardo Duran

CalSTRS CEO Jack Ehnes Receives Lifetime Achievement Award

WEST SACRAMENTO, CA – The California State Teachers’ Retirement System (CalSTRS) announced today that Chief Executive Officer, Jack Ehnes, received the 2011 Employee Benefit Research Institute (EBRI) Lillywhite Award, recognizing outstanding lifetime service and contributions to Americans’ economic security.

The award was presented to Ehnes at an event held by Pensions & Investments in San Francisco.

Statement Ricardo Duran

CalSTRS Statement Regarding News Corp. Annual Meeting

While CalSTRS is disappointed with the outcome of today’s News Corp. annual meeting, we are not surprised, given the disenfranchisement of certain shareholders.

However, we are heartened by the strong showing of support for governance changes at the company. The high number of withholds for certain directors demonstrates the strong desire of unaffiliated shareholders, such as CalSTRS, for a more independent board. In addition, the large negative vote on News Corp.’s say-on-pay proposal shows a greater need for alignment of interest between shareholders and management.

News release Ricardo Duran

CalSTRS Corrects District Reporting Error Accounting for $844,000 in Pension Overpayments
Yuba Community College District beneficiaries scheduled to receive adjusted benefit amounts

WEST SACRAMENTO, CA – The California State Teachers’ Retirement System (CalSTRS) announced today its determination that the Yuba Community College District incorrectly reported compensation to CalSTRS that resulted in $844,000 in pension overpayments, otherwise known as pension spiking, to 44 benefit recipients. Pension spiking is defined as the inflation of pay during the final compensation period for the purpose of increasing the pension benefit.

News release Ricardo Duran

CalSTRS Welcomes Chief Auditor
MaryAnn Campbell-Smith hired to oversee Audit Services at CalSTRS

WEST SACRAMENTO, CA – The California State Teachers’ Retirement System (CalSTRS) announced today it has hired MaryAnn Campbell-Smith as its Chief Auditor, effective October 10, 2011.

Campbell-Smith has been a Certified Public Accountant since 1988 and has more than 30 years of auditing and management experience.

She comes to CalSTRS from the California Department of Transportation, where she was initially responsible for internal audits of department programs and later directed audits of the department’s for-profit contractors and local government agencies.

News release Ricardo Duran

CalSTRS Leaders Named Among Most Influential in Corporate Governance
CEO Jack Ehnes and Corporate Governance Director Anne Sheehan are named on the NACD 100 most influential corporate governance leaders list

WEST SACRAMENTO, CA – The California State Teachers’ Retirement System (CalSTRS) announced today the naming of Chief Executive Officer Jack Ehnes and Director of Corporate Governance Anne Sheehan to the National Association of Corporate Directors’ list of the 100 most influential corporate governance professionals for 2011.

News release

CalSTRS Chosen to Manage LAUSD 457(b) Plan
CalSTRS to provide record keeping, retirement education for the supplemental retirement plan of the second largest school district in the U.S

WEST SACRAMENTO, CA – The California State Teachers’ Retirement System (CalSTRS) today announced it has been selected to oversee the Los Angeles Unified School District’s 457(b) Defined Contribution Plan.

CalSTRS will partner with TIAA-CREF to keep the LAUSD program’s records. CalSTRS will also assist LAUSD employees in the program with education and counseling services about the role the defined contribution accounts play in a well-rounded retirement security plan.

News release

CalSTRS Continues to Advance Diversity on Corporate Boards
Engagement with companies yields success on shareholder resolutions to attract a wider talent pool

WEST SACRAMENTO, CA – The California State Teachers’ Retirement System withdrew all eight of its board diversity shareholder proposals filed during the 2011 proxy season after successfully engaging companies to consider diversity in director searches.

In recent years, the issues of board of director leadership and oversight roles have taken on increased significance to long-term investors, such as CalSTRS. Today’s economic challenges highlight the importance that board diversity plays in enhancing value and providing companies with a full range of fresh talent and experience.

News release

Study Says Mandatory Social Security Would Hurt Schools and Educators
Under a Social Security structure, members´ and employers´ choices would be to pay more or get less.

WEST SACRAMENTO, CA – California public educators and school districts would have to either pay more for their retirement or settle for lower benefits if Social Security were offered to them, according to an analysis conducted for the California State Teachers’ Retirement System (CalSTRS).

News release

CalSTRS Names Krista Noonan Communications Director
She brings more than 15 years experience in strategic communications, public relations to the position

WEST SACRAMENTO, CA – The California State Teachers’ Retirement System (CalSTRS), the nation’s largest public teacher pension fund, today announced the appointment of Krista Noonan as communications director.

Noonan will plan and direct a comprehensive communication program, including media relations, Web content development, social media, video/Web-based production as well as graphic design, community outreach and employee communications.

News release

CalSTRS and Relational Support Election of All Occidental Directors

WEST SACRAMENTO, CA – The California State Teachers’ Retirement System (CalSTRS) and Relational Investors LLC (Relational) are supporting the election of all Occidental Petroleum Board nominees at the company’s annual meeting scheduled for May 6, 2011.

CalSTRS and Relational are satisfied with the changes the company announced in October 2010 regarding executive compensation, CEO succession planning, and director retirement policy. CalSTRS and Relational support these initiatives and plan to continue to work with the board to maximize long-term shareholder value.

News release

CalSTRS ‘Poison Pill’ Resolution Gets Support of Proxy Advisory Firms
Resolution gives shareholders the right to approval the company's poison pill

SACRAMENTO, CA -A resolution proposed by the California State Teachers’ Retirement System (CalSTRS) at Ball Corporation (NYSE: BLL) warrants shareholder support, according to two leading proxy advisory firms.

ISS Proxy Advisory Services and Glass, Lewis & Co., each recommend a FOR vote for the CalSTRS resolution which, if adopted at Ball Corporation’s annual meeting on April 27 in Broomfield, Colo., would require that any poison pills adopted by the company be ratified by shareholders within 12 months.

News release

CalSTRS Named Large Public Fund Investment Manager of the Year
Institutional Investor Magazine has named the California State Teachers' Retirement System (CalSTRS) its Large Public Fund Manager of the Year

WEST SACRAMENTO, CA – Institutional Investor Magazine has named the California State Teachers’ Retirement System (CalSTRS) its Large Public Fund Manager of the Year.

CalSTRS Investment Committee Chair Harry Keiley announced the award at the committee’s meeting on Thursday April 7, 2011.

The magazine will recognize CalSTRS at its 2nd Annual U.S. Investment Management Awards on May 19, 2011.

News release

CalSTRS, CalPERS, Announce Diverse Director DataSource (3D) – A Resource To Identify Corporate Director Candidates
CalSTRS, CalPERS, Announce Diverse Director DataSource (3D) - A Resource To Identify Corporate Director Candidates

 SACRAMENTO, CA -  The California State Teachers’ Retirement System (CalSTRS) and the California Public Employees’ Retirement System (CalPERS) are working with an Advisory Panel of leading corporate governance experts to develop a new digital resource devoted to finding untapped diverse talent to serve on corporate boards.

News release

CalSTRS Accepts Board Nominations
Nomination petitions due March 4, 2011

 WEST SACRAMENTO, CA  – The California State Teachers’ Retirement System (CalSTRS) is currently accepting nomination petitions for three elected positions on the Teachers Retirement Board.

Petitions with the signatures of at least 250 eligible active members are due to the CalSTRS headquarters in West Sacramento by 5 p.m. March 4, 2011.

The three representatives are:

News release

CalSTRS and Relational Endorse Charles River Laboratories’ Board Appointments
Formation of new Strategic Planning Committee praised

WEST SACRAMENTO, CA – The California State Teachers’ Retirement System (“CalSTRS”) and Relational Investors LLC (“Relational”) issued the following statement in response to the appointments of Robert J. Bertolini and Richard F. Wallman to the Charles River Laboratories International, Inc. (“the Company”) Board of Directors:

News release

CalSTRS Calendar Year-End Investment Returns Post Double-Digit Gains
Portfolio value ends 2010 at its highest point for the year

 WEST SACRAMENTO, CA  – Investment portfolio returns for the California State Teachers’ Retirement System (CalSTRS) ended 2010 posting a 12.7-percent return and boosting market values to levels not seen since October 2008.

Since March 2009, when global financial markets plunged into a historic worldwide economic recession, the CalSTRS investment portfolio has rebounded by more than $34.8 billion to $146.4 billion.

News release

CalSTRS Joins The Climate Registry
Commits to measure and report carbon emissions

 WEST SACRAMENTO, CA  – The California State Teachers’ Retirement System (CalSTRS) today announced it has joined The Climate Registry, the leading voluntary greenhouse gas (GHG) registry in North America. A nonprofit group governed by states, provinces and tribes, The Registry helps organizations measure and reduce their GHG emissions.

News release

CalSTRS Seeks Compensation Consultants

 WEST SACRAMENTO, CA  – The California State Teachers’ Retirement System (CalSTRS) is establishing a pool of qualified and experienced firms to aid in the analysis and review of its compensation program affecting select executive staff and investment management. The search is part of an effort to more effectively compete for, retain and reward talented professionals.

News release

CalSTRS and Relational Commend Occidental Petroleum’s Election of Board Nominee, Margaret ‘Peggy’ Foran

WEST SACRAMENTO, CA – The California State Teachers’ Retirement System (“CalSTRS”) and Relational Investors LLC (“Relational”) commend today’s election of its nominee, Margaret “Peggy” Foran, to the Occidental Petroleum Corporation (“the Company”) Board of Directors.

The election, along with the previously announced series of reforms regarding CEO succession planning, executive compensation, and board composition, successfully satisfies the terms of the October agreement between CalSTRS/Relational and the Company.

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CalSTRS Sets Lower Actuarial Assumptions
The investment return rate lowered to 7.75 percent, inflation lowered by one-quarter percent.

WEST SACRAMENTO, CA – The board of the California State Teachers’ Retirement System (CalSTRS), at its Dec. 2 meeting, lowered several long-term actuarial assumptions including the rate of return on investments from 8 percent to 7.75 percent and its assumed inflation assumptions by 0.25 percent. The move acknowledges an expectation of reduced future earnings and lower inflation.

The board’s decision culminated ten months of comprehensive analysis of the long-term economic assumptions affecting the CalSTRS defined benefit, following recent market declines.

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CalSTRS Board Approves Video Transmission of Meetings
Web streaming affirms board’s commitment to transparency.

WEST SACRAMENTO, CA – The Board of the California State Teachers’ Retirement System took another step today toward greater transparency of its proceedings by approving the live video streaming and archiving of its meetings on the Web.

The decision means live video streaming, as well as archived versions, will be available on the website, www.CalSTRS.com. CalSTRS currently offers live audio streaming. Also, the current practice of providing DVDs of meetings to anyone who requests them will continue.

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CalSTRS Critical of U.S. Chamber’s Lawsuit Against SEC’s Proxy Access Ruling
The SEC’s ruling enhances corporate value by promoting long-term value.

WEST SACRAMENTO, CA – The California State Teachers’ Retirement System (CalSTRS) today issued the following statement.

CalSTRS wholeheartedly rejects the assertions made by the U.S. Chamber of Commerce and the Business Roundtable in their Sept. 29 lawsuit against the Securities and Exchange Commission’s Aug. 25 proxy access ruling. CalSTRS will explore all possible options, including legal strategies to oppose this action to roll back shareholder rights.

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CalSTRS Adopts Actuarial Valuation
Snapshot of fund’s assets and liabilities shows Defined Benefit Program is 78 percent funded.

WEST SACRAMENTO, CA – Board members of the California State Teachers’ Retirement System (CalSTRS) today adopted the June 30, 2009 actuarial valuation of the Defined Benefit Program.

The valuation serves as a determination of the fund assets and liabilities. It shows an unfunded obligation of $40.5 billion, an increase of $18 billion from the June 30, 2008 valuation, and a funded ratio of 78 percent, a decrease of 9 percent from last year.

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CalSTRS Supports SEC Proxy Access Ruling
Increasing shareholder voice is vital to building long-term value.

WEST SACRAMENTO, CA – The California State Teachers’ Retirement System (CalSTRS) today applauded the Securities and Exchange Commission’s (SEC) ruling to provide greater shareholder access to the corporate proxy ballot.

In a 3 to 2 decision, the SEC commissioners today broke years of deadlock by allowing shareholders with at least a 3 percent stake in a company’s stock, held for three years, to nominate directors on a company’s proxy ballot. The issue has been a longstanding priority for CalSTRS.

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CalSTRS Offices To Remain Open

Starting August 20, 2010, CalSTRS headquarters in West Sacramento will remain open on every Friday of the month, not including state holidays. Governor Schwarzenegger’s recent employee furlough order is not expected to affect business at CalSTRS headquarters or any of the regional benefits counseling offices.

In addition to CalSTRS remaining open, the toll-free information phone numbers will continue to operate as usual:

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CalSTRS Announces Selection of Deputy Chief Investment Officer
Investment Operations Chief John Petzold is named Director of Investment Management/Deputy CIO.

WEST SACRAMENTO, CA–The California State Teachers’ Retirement System today announced John Petzold as its first Director of Investment Management/Deputy Chief Investment Officer. The position comprises both the broad administrative duties of a deputy chief investment officer and the more focused responsibilities of a director of an asset class.

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CalSTRS Applauds Financial Regulatory Reforms
President Obama signs legislation to protect shareholders, prevent repeat of 2008 market collapse.

WEST SACRAMENTO, CA– The California State Teachers’ Retirement System (CalSTRS) today issued this statement:

CalSTRS joins with its partner state pension funds and plan sponsors, representing 7 million active and retired employees, with combined assets of more than $1 trillion in applauding meaningful financial regulatory reforms signed into law today by President Obama.

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CalSTRS Rebounds with Double-Digit Returns
12.2 percent return a positive note, but 2008 declines still impact portfolio.

WEST SACRAMENTO, CA– The California State Teachers’ Retirement System (CalSTRS) investment portfolio posted a solid 12.2 percent return at the end of the 2009-10 fiscal year.

The CalSTRS investment portfolio’s market value at fiscal year’s end was $129.77 billion. The 12.2 percent return rate beat the actuarial rate of 8 percent and brought in more than $10 billion as the 2009-10 fiscal year ended on June 30.

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CalSTRS Opposes Charles River Laboratories Acquisition
Adding Chinese firm adds risk, lacks sufficient returns for shareholders.

WEST SACRAMENTO, CA– The California State Teachers’ Retirement System (CalSTRS) has notified the board of directors at Charles River Laboratories, Inc. (NYSE: CRL), that it will not support the drug research company’s buyout of China’s WuXi PharmaTech Inc (NYSE: WX).

In a letter to directors, CalSTRS said the high price for WuXi “adds unnecessary risk” and “does not offer Charles River shareholders sufficient returns.” CalSTRS also expressed concern that the board might alter terms of the deal to permit the acquisition without shareholder approval.

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CalSTRS Praises Congressional Action on Financial Reform Legislation, Urges Swift Passage by House and Senate
Agreement affirms SEC authority to write rules giving shareholders proxy access.

WEST SACRAMENTO, CA– The California State Teachers’ Retirement System (CalSTRS) today praised action by Senate and House negotiators to reach agreement on financial regulatory reform legislation. The full House and Senate are expected to act on the measure next week.

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CalSTRS Urges Support of Sustainability Resolution at Chesapeake Energy
Two key proxy advisor firms support call for sustainability report by directors at Chesapeake Energy.

WEST SACRAMENTO, CA– A resolution proposed by the California State Teachers’ Retirement System (CalSTRS) calls on Chesapeake Energy Corporation (NYSE: CHK) to issue a sustainability report on environmental, social and governance (ESG) issues, focusing on greenhouse gas emissions and its plans to manage emissions. It is the first shareholder resolution on sustainability reporting submitted for consideration at Chesapeake.

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CalSTRS to Oppose Occidental Petroleum Executive Compensation Advisory Vote
Letter to director critical of ‘wildly excessive pay’ in excess of peer group median.

 WEST SACRAMENTO, CA – The California State Teachers’ Retirement System (CalSTRS) announced today it will vote against the advisory vote approving executive compensation and the election of all incumbent board members at Occidental Petroleum’s (NYSE: OXY) 2010 Annual Meeting in Los Angeles on May 7.

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CalSTRS ‘Poison Pill’ Resolution Earns Support of Two Proxy Advisor Firms
Resolution calls for shareholder approval of corporate defense measures at Ball Corporation.

WEST SACRAMENTO, CA – A resolution proposed by the California State Teachers’ Retirement System (CalSTRS) at Ball Corporation (NYSE: BLL) warrants shareholder support, according to two leading proxy advisor firms.

RiskMetrics and Glass Lewis each recommend a FOR vote for the CalSTRS resolution which, if enacted at Ball Corporation’s annual meeting on April 28 in Broomfield, Colo., would require that any poison pills adopted by the company be ratified by shareholders within 12 months.

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Jerilyn Harris Elected Chair of CalSTRS Board
Harry Keiley elected Vice–Chair.

SACRAMENTO, CA – Trustees of the California State Teachers´ Retirement System (CalSTRS) unanimously elected Jerilyn Harris as chair and Harry Keiley as Vice–Chair for the 2010–11 term at their board meeting, Friday April 9, 2010.

The 12–member Teachers´ Retirement Board nominates and elects its chair and vice–chair annually. Members serve four–year terms. The board officers provide leadership to the trustees as they develop policies and provide direction for the nation´s second–largest public pension fund.

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CalSTRS Supports Key Provisions in Financial Reform Bill
Corporate governance provisions strengthen shareholder’s rights.

WEST SACRAMENTO, CA – The California State Teachers’ Retirement System (CalSTRS) today announced its support of federal financial reform legislation introduced by Sen. Christopher Dodd, D-Connecticut.

The bill cleared its first hurdle earlier this week by moving out of the Senate Banking Committee, chaired by Sen. Dodd. The proposed legislation contains corporate governance measures that give large, long-term shareholders proxy access, require a majority vote for directors in uncontested elections, and a say on pay.

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CalSTRS Names Director of Global Equity
Trish Taniguchi will oversee $73 billion portfolio.

WEST SACRAMENTO, CA – The California State Teachers’ Retirement System (CalSTRS) today announced the appointment of Trish Taniguchi as director of the $73.2 billion global equities portfolio.

Taniguchi will direct a staff of 11 who manage the global equities portfolio, which accounts for more than 55 percent of the $132.6 billion CalSTRS investment portfolio as of February 28, 2010. The announcement is effective immediately.

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Government Funds Urge Proxy Access in Financial Reform Bill
Provision giving shareholders access to nominate corporate directors draws strong endorsement.

 WEST SACRAMENTO, CA  – A nationwide organization of state and local government pension funds and plan sponsors, including the California State Teachers’ Retirement System, the Colorado Public Employees Retirement Association and the Connecticut Retirement Plans and Trust Funds, today supported corporate governance reforms contained in a financial regulatory reform bill introduced this week by Sen.

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CalSTRS Names Director of Private Equity
Margot Wirth takes the reins of $16.8 billion portfolio.

WEST SACRAMENTO, CA – California State Teachers Retirement System (CalSTRS) officials today announced Margot Wirth as director of the $16.8 billion private equity portfolio.

Wirth assumes her duties today and will direct staff of 20 who manage the private equity portfolio, which accounts for 12.7 percent of the $132.6 billion CalSTRS investment portfolio as of February 28, 2010.

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CalSTRS Effort Improves Climate Risk Disclosure
SEC approves initiative to help investors make informed decisions.

WEST SACRAMENTO, CA– The California State Teachers’ Retirement System today applauded a decision by the Securities and Exchange Commission to improve disclosure of climate risk in securities filings.

By a 3-2 vote, SEC commissioners meeting today in Washington, D.C., approved the new initiative to improve corporate disclosure and accountability. CalSTRS considers the SEC vote a first step in addressing the impact of climate change risk on its portfolio companies.

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CalSTRS Praises Congressional Action Increasing Board Accountability
Representative Waters’ amendment strengthens SEC authority.

WEST SACRAMENTO, CA– The California State Teachers’ Retirement System (CalSTRS) today praised congressional action led by Representative Maxine Waters (D-CA) aimed at holding corporate boards more accountable. Rep. Waters’ amendment will empower the Securities and Exchange Commission to make it easier for shareholders to nominate corporate directors.

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CalSTRS Backs Dissident Candidates for Texas Industries Board

 WEST SACRAMENTO, CA – The California State Teachers’ Retirement System (CalSTRS) today announced support for a dissident slate of director candidates for the board of Texas Industries. CalSTRS owns more than 67,700 shares of Texas Industries (TXI), accounting for 0.24 percent of shares outstanding.

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Low Inflation Means Reduced or Eliminated Supplemental Payments
Retired recipients of quarterly supplemental payments will see changes beginning October 1.

 WEST SACRAMENTO, CA – Low inflation is usually a good thing for California’s retired educators because it means basic CalSTRS benefits are keeping up with costs. But for those who have been receiving supplemental benefit payments, it will also mean reduced or no payments beginning Oct. 1, 2009.

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CalSTRS Comments on SEC Rules for Better Proxy Access
Proposed rules would make it easier for shareowners to nominate candidates to boards.

 WEST SACRAMENTO, CA – The California State Teachers’ Retirement System (CalSTRS) supports the Securities and Exchange Commission’s proposed regulations making it easier for shareholders to make nominations to corporate boards.

The proposed SEC rule S7-10-09 addresses concerns that, given the recent market meltdown, focus on whether:

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CalSTRS Searching for Home Loan Program Servicing Firm
Firm will service growing mortgage program for California’s educators.

 SACRAMENTO, CA  – The California State Teachers’ Retirement System (CalSTRS) is searching for a firm to be the master servicing agent for its home loan program. The selected firm will assist CalSTRS employees in daily operations, record keeping and in the development of execution strategies.

The final filing date for proposals is July 30, 2009, with the selection expected in the fall of 2009. 

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CalSTRS Improves Proxy Vote Transparency
CalSTRS offers public access to all its proxy votes through online services.

 SACRAMENTO, CA – The California State Teachers’ Retirement System (CalSTRS) announced today its most comprehensive, transparent disclosure of proxy votes ever.

The degree and convenience of disclosure this effort offers is unique among institutional investors. Using online postings, CalSTRS will make its votes known before the annual meetings of its more than 3,800 holdings in North America.

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Study Shows Electric Utilities Need an Energy Revolution to Reduce Dependence on Fossil Fuels
Calls for increased transparency to aid investors

 Sacramento, CA – On the eve of Earth Day observances, a new report calls for an energy revolution in the operation of electric utilities if greenhouse gas emissions are to be significantly reduced. The report raises the question of how much electric utilities will need to pay for their ongoing carbon emissions and analyzes current levels of risk disclosure to investors.

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CalSTRS Names Co-Directors to New Asset Class
Trish Taniguchi and Glen Blacet are named co-directors of Global Equities

 Sacramento, CA – The California State Teachers’ Retirement System today announced Trish Taniguchi and Glen Blacet as co-directors of the newly created asset class of Global Equities.

The new Global Equities Portfolio, approved in February 2009, resulted from a determination that splitting equities into U.S. and non-U.S. asset classes was not an effective approach to diversification.

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Proxy Advisors Support CalSTRS, CalPERS Resolutions Filed with Brocade Communications
The nation’s leading proxy advisors recommend passage of proposals against bylaws amendments and current board election practices.

 Sacramento, CA – Leading proxy advisors, RiskMetrics Group, Glass Lewis & Co, and Egan-Jones Proxy Services, recommend Brocade Communications’ shareholders support resolutions by California’s two largest pensions. The proposals seek to remove the company’s supermajority vote requirement and to allow directors to be elected annually.

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Regulators Require Insurers to Disclose Climate Change Risks and Strategies
State Insurance Commissioners Break New Ground By Mandating Climate Disclosure from World’s Largest Industry

SAN DIEGO, CA– The National Association of Insurance Commissioners (NAIC) today approved a groundbreaking mandatory requirement that insurance companies disclose to regulators and investors the financial risks they face from climate change, as well as actions the companies are taking to respond to those risks.

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Statewide, Retired Educators Benefit Rural Counties Most

 

 

Teacher pension dollars, and the economic activity they generate, have a larger economic benefit to California than the furniture or oil and gas extraction industries, according to the study, The Annual Economic Impacts of CalSTRS Benefit Payments. The study was commissioned by CalSTRS and conducted by the Applied Research Center at California State University, Sacramento in 2007. Data is available for ten rural counties. (12 individual news releases)

 

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CalSTRS Seeks Pension Accounting Consultant
The consultant will develop a pension accounting model and train CalSTRS employees to use it.

 SACRAMENTO, CA  – The California State Teachers’ Retirement System (CalSTRS) today launched a search for a consultant team to research, design and implement a best practice model for pension accounting and to provide CalSTRS employees transition support and training in its operation.

The final filing date for proposals is Sept. 8, 2008, with the selection expected to be in October. 

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CalSTRS Beats its Benchmark Despite a Troubled Market
The investment portfolio's 3.7 percent loss is the first in six years.

 SACRAMENTO, CA  – California State Teachers’ Retirement System (CalSTRS) investments took a 3.7 percent hit in the fiscal year ending June 30, 2008. Even with its first loss in six years, CalSTRS outperformed its benchmark, which dipped 3.8 percent.

The news from the $162.2 billion fund comes amid the gloom of a 5 percent average loss for public pensions, according to Merrill Lynch analysts.

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95 Years Serving State’s Educators Celebrated at CalSTRS Board Meeting
Legislative and gubernatorial representatives recognized CalSTRS’ support of California’s educators since 1913.

 SACRAMENTO, CA  – With a resolution, a letter of congratulations – and a cake – the California Legislature and Governor Schwarzenegger’s office today recognized the California State Teachers’ Retirement System’s (CalSTRS) 95 years of service in support of the state’s educators.

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ONEOK Vote Supports CalSTRS Call for Climate Risk Reporting
Proxy votes show growing support for reporting on greenhouse gas emissions.

 SACRAMENTO, CA  – ONEOK Shareholders solidly supported a California State Teachers’ Retirement System (CalSTRS) call for the Tulsa-based gas pipeline company to report on greenhouse gas emissions.

Despite ONEOK (NYSE: OKE) management’s opposition, 33 percent of shareholders supported Proposal #8 as reported at the company’s May 15, 2008 annual meeting.

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Investors Get Action From Dynegy on Climate Change

SACRAMENTO, CA – Leading U.S. investors announced today that Dynegy, a Houston-based company that provides wholesale electricity to utilities, cooperatives, municipalities and other energy companies in 15 states, has agreed to prepare a report for shareholders on how it is responding to the business challenges posed by climate change.

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CalSTRS Expands New and Next Generation Private Equity Manager Program
Invesco Private Capital to Manage $200 Million Mandate

SACRAMENTO, CA – The California State Teachers’ Retirement System (CalSTRS) announced today it will expand its relationship with Invesco Private Capital as the manager for its CalSTRS New and Next Generation Manager Fund II, a $200 million private equity portfolio. Invesco Private Capital has offices in San Francisco, New York, Boston and London.

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CalSTRS Seeks Investment Accounting Consultant

 SACRAMENTO, CA  – The California State Teachers’ Retirement System (CalSTRS) today launched a search for a consultant team to research, design and implement a best practice model for investment accounting and to provide appropriate training to CalSTRS employees in its operation.

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CalSTRS Trustees Elected by Public School Educators

 SACRAMENTO, CA  – Current California public school educators elected three members to the governing body of the California State Teachers’ Retirement System. In election results announced today, the two Teachers’ Retirement Board members elected by the kindergarten through twelfth grade educators are:

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CalSTRS Announces Real Estate Consultant
The Townsend Group is selected to advise the pension fund on real estate investments.

SACRAMENTO, CA – The California State Teachers’ Retirement System today announced The Townsend Group as its consultant to advise CalSTRS’ Investment Committee on overall real estate investment strategy, policies and practices.

The Townsend Group works for the Investment Committee and with CalSTRS investment staff to monitor and comment on the real estate portfolio performance and policy.

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CalSTRS Seeks Full SEC Decision on Proxy Access
Chairman’s ruling will not serve the interests of shareholders, CalSTRS Chief Executive says.

 SACRAMENTO, CA  – CalSTRS Chief Executive Jack Ehnes today joined the nation’s top institutional investors calling for the chairman of the Securities and Exchange Commission to delay decisions on proposed rules that could weaken shareholders’ ability to nominate directors for election to corporate boards.The proposed SEC rules, S7-16-07 and S7-17-07, impact the ability of shareholders to nominate directors to corporate boardsu

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State to Pay CalSTRS Interest on Withheld $500M Payment
California Supreme Court upholds CalSTRS’ call for state to pay $200 million in interest.

SACRAMENTO, CA – The California Supreme Court has declined to review a lower court decision awarding California State Teachers’ Retirement System’s (CalSTRS) $200 million in interest payments on $500 million withheld by the state in 2003-2004. The funds support CalSTRS’ inflation-protection program, the Supplemental Benefit Maintenance Account (SBMA).

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CalSTRS Seeks Alternative Investment Program Advisors
The request for proposals aims to select advisors for three global regions.

 SACRAMENTO, CA  – The California State Teachers’ Retirement System (CalSTRS), today issued a request for proposals seeking alternative investment portfolio advisors to recommend partnerships, perform due diligence and assist and advise CalSTRS staff.

The final filing date for proposals is Nov. 29, 2007, with selections expected by early 2008.