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).

 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. 

 SACRAMENTO, CA  – The California State Teachers’ Retirement System (CalSTRS) today announced a search for a real estate consultant to provide expertise and advice to the CalSTRS Investment Committee related to the overall investment strategy, policies and practices of the CalSTRS Real Estate Program.

The final filing date for proposals is October 17, 2007, with the selection expected in January 2008. 

 SACRAMENTO, CA  – The California State Teachers’ Retirement System (CalSTRS) has launched a search to establish manager mandates and a pool of currency managers to enhance its Currency Management Program.The final filing date for the request for proposal is October 5, 2007, with selections expected in spring 2008.

SACRAMENTO, CA – The California State Teachers’ Retirement System (CalSTRS) has received $500 million from the State of California for a skipped payment to its inflation-protection program, the Supplemental Benefit Maintenance Account (SBMA). The state transferred the funds following an August 30 appeals court decision, which held the state violated its obligation to California’s retired educators when it withheld the payment for the 2003-2004 fiscal year.

SACRAMENTO, CA – The California State Teachers’ Retirement System (CalSTRS) is launching a new program to assist school districts, county offices of education and community college districts in complying with new Internal Revenue Service regulations regarding 403(b) supplemental retirement savings plans.

 SACRAMENTO, CA  – The California State Teachers’ Retirement System has decided to vote its 1.4 million shares of common stock in the Lear Corporation against the merger with the Carl Icahn unit, American Real Estate Partners (AREP).CalSTRS believes that the offer price is too low, by almost half, and that the long-term value of Lear will be realized more successfully if the current merger is not consummated.CalSTRS wrote a

 SACRAMENTO, CA  – The California State Teachers’ Retirement System’s 2006 Comprehensive Annual Financial Report recently received the “Certificate of Achievement for Excellence in Financial Reporting” from the Government Finance Officers Association of the United States and Canada. The certificate is the highest form of recognition in the area of governmental accounting and financial reporting.

 Sacramento, CA  – Jack Ehnes, CalSTRS chief executive officer, today reported California’s retired teachers have less financial help from their employers for their health care coverage than just three years ago. In testimony before the Public Employee Post-Employment Benefits Commission, Ehnes reported on results of the second health benefits survey done by California State Teachers’ Retirement System (CalSTRS).

 SACRAMENTO, CA  – Vonnie Madigan has been named Communications Director of the California State Teachers’ Retirement System.

 SACRAMENTO, CA  – The California State Teachers’ Retirement System has launched searches for investment management firms for its Fixed Income and U.S. Equities developing manager programs.

 SACRAMENTO, CA  – The board of the California State Teachers’ Retirement System elected Dana Dillon as Chair and Jerilyn Harris as Vice-Chair for the 2007-08 term during its regularly scheduled meeting April 5.

 SACRAMENTO, CA  – The California State Teachers’ Retirement System has seen both near- and long-term improvements in governance efforts and stock performance of those companies previously placed on its “Workplan” list.Of the five companies identified as poor performers in October 2005, four have made significant changes to their governance, leading to increased board independence, improved accountability to shareholders and po

 SACRAMENTO, CA  – The California State Teachers’ Retirement System announced today an expansion of its supplemental retirement savings program with the addition of 457 and Roth 403(b) plans by late 2007. What this means for the more than one million California public school employees and their families is they will have more avenues to boost their retirement security.

Sacramento, CA – The California State Teachers’ Retirement System (CalSTRS) and the California Public Employees’ Retirement System (CalPERS) today unveiled a groundbreaking database of more than 700 emerging managers and financial service providers.

Sacramento, CA – During a ceremony at the Sixth Wall Street Summit in New York City, the New America Alliance awarded Christopher J. Ailman, CalSTRS’ chief investment officer, the NAA Distinguished Service Award for Advancing Latinos in American Business. Mr. Ailman was recognized for his innovative approach in uncovering untapped talent in the investment arena and encouraging other institutional investors to seek out and hire emerging managers.

Sacramento, CA – Jack Ehnes, Chief Executive Officer of the California State Teachers’ Retirement System and Fred Buenrostro, Chief Executive Officer of the California Public Employees’ Retirement System issued the following joint statement today about the announcement made by SEC Chairman Christopher Cox on proxy access:

“We commend Chairman Cox for his decision to go forward with a deliberative rulemaking process on the use of the proxy to nominate corporate directors. We are confident it will result in a thoughtful rule permitting reasonable, fair shareowner access.

Sacramento, CA – At its meeting today, California’s Teachers’ Retirement Board took a major step in closing the California State Teachers’ Retirement System’s long-term funding gap of $20 billion. The board approved guiding principles CalSTRS staff will use to draft legislation. Any change to the system must be signed into law by the Legislature and Governor.

 Sacramento, CA  – The California State Teachers’ Retirement System posted a 13.2 percent return on investments, adding $13.5 billion to the fund ending the year with $142.7 billion in assets as of June 30, 2006. Real estate, alternative investments and international stocks were the engines of growth that led to the fourth straight year of positive returns for the system.

 Sacramento, CA  – The California State Teachers’ Retirement System invites investment management professionals to participate in the second round survey in its comprehensive, five-year long study concerning attitudes to diversity in the management of investments.The anonymous survey consists of 38 brief multiple choice questionsa

 Sacramento, CA  – The California State Teachers’ Retirement Board voted at their meeting today to form a task force with school health care stakeholders to address the health care issues facing employers and their employees, including retired employees.Employers have been experiencing increasing health care costs which have resulted in higher premiums paid by both the employers and employees, higher co-pays and reduced coverag

 Sacramento, CA  – The California State Teachers’ Retirement System today launched a search for up to five Executive Search firms specializing in recruiting high quality investment management professionals. The final filing date for proposals is May 31 with selections expected in the fall of 2006.

Sacramento, CA – The California State Teachers’ Retirement System announced today plans to invest in West Sacramento as part of the Sacramento Riverfront Master Plan by constructing a 14-story headquarters building. Groundbreaking is planned for fall 2006 with move in expected in spring of 2009.

 Sacramento, CA  – The board of the California State Teachers’ Retirement System re-elected Carolyn Widener as Chair and Dana Dillon as Vice-Chair for the 2006 term during its regularly scheduled meeting today, at its headquarters in Sacramento.

Sacramento, CA – The California State Teachers’ Retirement System today issued a request for proposal to establish a pool of managers for both the High Yield bond and Core Plus mandates. This request for proposal introduces a new mandate for Core Plus managers that will actively manage approximately $4.5 to $6 billion. The High Yield bond manager allocation will remain at its current level of between $1.5 billion and $2.5 billion. The final filing date for proposals is April 12 with selections expected in early summer. 

Sacramento, CA – California State Teachers’ Retirement System has selected Baillie Gifford Overseas Ltd., Lazard Asset Management LLC, Mondrian Investment Partners Ltd., Templeton Asset Management Ltd., and T. Rowe Price International Inc. to manage its new active Emerging Markets program. The managers will invest about 10 percent of CalSTRS’ international equity portfolio, approximately $3 billion, in emerging markets.

 Sacramento, CA  – Three California public pension funds today announced they have recovered more than $257.4 million from a non-class action lawsuit filed against former WorldCom Inc. executives and investment banks after the financial collapse of WorldCom, Inc.

 Sacramento, CA  – The California State Teachers’ Retirement System today launched a search for up to six fund managers for the enhanced index portion of its domestic equity portfolio. The final filing date for proposals is November 10 with selections expected in the spring of 2006. 

 Sacramento, CA  – A state-of-the-art personal investment Web site, administered by the California State Teachers’ Retirement System, has received recognition from a national retirement organization.

 SACRAMENTO, CA  – The California State Teachers’ Retirement System (CalSTRS), the nation’s third largest public pension fund, has joined a key group of environmental leaders as a new member of the California Climate Action Registry (the Registry), a non-profit organization recognized as a standard setter for tracking and reporting greenhouse gas (GHG) emissions.As a participant in the Registry, CalSTRS will voluntarily measure

 Sacramento, CA  – The California State Teachers’ Retirement System announces the start of a unique effort to expand the diversity of ideas and people throughout its $129 billion investment portfolio. This comprehensive approach will look at the way investment decisions can integrate diversity to yield good investment returns and simultaneously reflect the new face of California.

 Sacramento, CA  – The California State Teachers’ Retirement System has reached a preliminary settlement of $17.5 million with PricewaterhouseCoopers in a class action lawsuit accusing the accounting firm of violating its professional responsibilities in its audits of Homestore.com Inc. in 2000 and 2001.

 Sacramento, CA  – The California State Teachers’ Retirement System will launch on April 20 a search for up to six active equity managers to invest about 10 percent of its international equity portfolio, approximately $3 billion, in emerging markets. This action follows the CalSTRS board’s conclusion of an extensive study of the opportunities and risks in investing in emerging markets.

 Sacramento, CA  – The Board of the California State Teachers’ Retirement System elected officers for the 2005 term during its regularly scheduled meeting today, April 7, 2005, at its headquarters in Sacramento.

 Sacramento, CA  – The California State Teachers’ Retirement System posted a 13.1 percent return for 2004, reaching a record high of $126.1 billion in assets on December 31, 2004. Earning $13.5 billion more than the previous year, the investment portfolio outdid its benchmarks in four of its five investment categories.

 Sacramento  – The Teachers’ Retirement Board today voted to oppose a 2005-06 state budget proposal that could affect the contributions paid by current and future educators to both their core retirement benefit program and a supplemental retirement income program.

Sacramento, CA – The California State Teachers’ Retirement System has announced the selection of INVESCO Private Capital as manager for its newly established “CalSTRS New and Next Generation Manager Fund.” INVESCO Private Capital has offices in Denver, Palo Alto and New York.

 Sacramento  – In the last days of the 2003-04 bill signing season, Governor Arnold Schwarzenegger took action on nine bills affecting the California State Teachers’ Retirement System and its members. All bills affecting benefits were signed into law by the governor, including:

Sacramento, CA – The California State Teachers’ Retirement System has posted its year-end returns for 2003-04.The public pension fund – the third largest in the United States – announced its second straight year of positive performance, with total assets of $116.2 billion on June 30, 2004, and a 17.38 percent return on investments for the year.

Sacramento, CA – The California State Teachers’ Retirement System announced today that it has selected Pension Consulting Alliance, Inc. as its general consultant to assist the Investment Committee with the oversight of the investment portfolio. The firm was awarded a five-year contract after the CalSTRS Investment Committee listened to presentations from three finalist firms.

Allan Emkin, the lead consultant for PCA, has served as the general investment consultant to CalSTRS for the past 19 years.

Marsh & McLennan Companies, Inc. announced today that it is adding Zachary Carter to the slate of nominees for election to its board of directors at its May 20, 2004 annual meeting. A group of institutional investors, AFSCME Employees Pension Plan, New York State Common Retirement Fund, California Public Employees’ Retirement System and the California State Teachers’ Retirement System, praised the move and announced they were withdrawing their proxy resolution.

Sacramento – The California State Teachers’ Retirement System announced today that its investment portfolio has reached an all-time high of $116.7 billion. This milestone surpasses its previous high by $166 million, which was set more than three years ago, on September 1, 2000.

The CalSTRS portfolio has rebounded more than $30 billion in the last 17 months, from a record low of $85.5 billion in October 2002. The fund has also seen its rate of return jump to 23.1 percent for calendar year 2003, after two years of negative returns.

Sacramento, CA – The Board of the California State Teachers’ Retirement System elected officers for the 2004 term during its regularly scheduled meeting today, February 4, 2004, at CalSTRS’s headquarters in Sacramento.

The Teachers’ Retirement Board members nominate and elect their own Chair and Vice-Chair each February; the officer positions are for one year’s duration, although the members’ terms are for a total of four years. The 2004 officers are:

Washington, DC — Four of the nation’s most powerful public pension funds, in a heightened response to the Putnam mutual fund scandal, announced they are using an anticipated Securities and Exchange Commission (SEC) rule to more easily nominate and elect better leadership on Putnam’s parent company board.

Sacramento, CA – The California State Teachers’ Retirement System has announced the selection of three investment management firms for its newly established External Equities Developing Manager Program: FIS Funds Management, Inc., of Philadelphia, Penn.; Northern Trust Global Advisors, Inc., of San Francisco; and Russell Investment Group of Tacoma, Wash.

SACRAMENTO — Governor Gray Davis has named Silvia Saucedo as a member of the Teachers’ Retirement Board. Saucedo was appointed to the public representative seat on the 12-member governing body for the California State Teachers’ Retirement System.

Saucedo is an attorney for the law firm of Allen, Matkins, Leck, Gamble & Mallory, LLP, in downtown Los Angeles. She specializes in real estate and land use.

A new law provides retirement incentives that increase monthly benefits for members of the CalSTRS Defined Benefit (DB) Program retiring from school districts that agree to offer the benefit. These two retirement incentive programs would increase either one or two of the elements used in calculating your CalSTRS service retirement benefit.

The law, Chapter 313, Statutes of 2003 (AB 1207—Corbett), allows an eligible member employed by a participating district to receive either:

The Securities and Exchange Commission took a major step today in recognizing that shareholders have a fundamental right to have access to the proxy. However, questions remain as to the triggers that are being proposed; we need triggers that are responsive to the corporate crises of the past year, and we must define appropriate threshold s for these triggering events. The final rule should be sensitive to the very issues concerning corporate financial malfeasance that have plagued our markets.

SACRAMENTO – The California State Teachers’ Retirement System has surpassed the $2 billion mark for investing in the state’s urban and rural communities to help promote economic growth.

As of June 30, CalSTRS investments in these communities totaled $2.08 billion, or more than 2 percent of the system’s approximately $100 billion pension fund. This milestone is the first time CalSTRS has exceeded its goal of putting 2 percent of its investment into California’s emerging communities.

SACRAMENTO—In another sign the economy is on the rebound, the California State Teachers’ Retirement System recorded its first positive portfolio return in three years. The nation’s third largest public pension fund posted a 3.4 percent return, with assets totaling $100 billion, for the fiscal year ending June 30.

Sacramento, CA – The California State Teachers’ Retirement System today released recommendations by Graef Crystal for reform of executive stock option plans. The paper, commissioned by CalSTRS, details what Crystal calls “the perfect stock option plan.” Crystal’s recommendations will aid CalSTRS in future executive compensation proxy votes and discussions with companies regarding corporate governance best practices.

Washington, DC – Major institutional investors including public pension funds, union funds, state treasurers and others today applauded the Institutional Shareholder Services decision in favor of a shareholder proposal urging reincorporation of Bermuda-based Tyco back to the United States. ISS found Tyco has failed to make its case for locating in an off-shore tax haven.

Sacramento, CA – The California State Teachers’ Retirement System seeks program advisers for U.S. partnerships in its alternative investment portfolio. A request for proposal was issued September 17 and the proposals are due October 21. A copy of the RFP is posted on the CalSTRS Web site at www.calstrs.ca.gov.

SACRAMENTO AND LOS ANGELES-Three California public pension funds, representing $275 billion in assets, today announced a joint lawsuit to recover losses against WorldCom executives and the major underwriters of WorldCom bonds issued in May of 2001.

Sacramento, CA – The California State Teachers’ Retirement System has selected Altius Associates Limited as its advisor for international alternative investment partnerships. Altius Associates, with offices in London, Copenhagen and Richmond, Virginia, will recommend non-U.S. partnerships, perform due diligence and assist and advise CalSTRS staff on those investment opportunities.

Sacramento, CA – The California State Teachers’ Retirement System today selected McKinsey & Company as alternative investment consultant to its Investment Committee.

McKinsey & Company was chosen through a competitive process to work closely with the committee to monitor and comment on the AI portfolio performance and policies. McKinsey and Company will not review specific transactions.

Sacramento, CA – The California State Teachers’ Retirement System today named Joseph W. Cotchett and Bruce L. Simon of Cotchett, Pitre, Simon & McCarthy as lead counsel in a securities class action suit against Homestore.com, Inc. and several former executives. CalSTRS is lead plaintiff in this lawsuit alleging Homestore falsified financial statements and engaged in accounting irregularities.

Sacramento, CA – The California State Teachers’ Retirement System today announced the U.S. District Court in Los Angeles has named CalSTRS lead plaintiff in more than 19 consolidated lawsuits against Homestore.com, Inc. and several former executives.

“We’re pleased to take on this responsibility to represent the many who have suffered from unfair dealings by a few,” said Jack Ehnes, CalSTRS chief executive officer. “Shareholders must actively pursue these claims to put a spotlight on improper business practices while seeking recovered lost value.”

Sacramento, CA – Jack Ehnes has been selected as the new Chief Executive Officer of the California State Teachers’ Retirement System. The Teachers’ Retirement Board announced its choice for the top administrative post today. Ehnes, 50, replaces James D. Mosman, who is leaving CalSTRS to become Executive Director of the National Council on Teacher Retirement.

Sacramento, CA — Christopher J. Ailman, chief investment officer at the Washington State Investment Board, has been named chief investment officer of the California State Teachers’ Retirement System. Ailman will manage the $115.8 billion portfolio starting October 10.

A 20-year veteran in investment management, Ailman has been WSIB’s investment chief for four years. Before going to Washington, Ailman spent eleven years at the Sacramento County Employees’ Retirement System where he served as CIO of the pension fund for the county.

Sacramento, CA – Mike DiRe has been selected as director of real estate for the California State Teachers’ Retirement System. DiRe, 38, has fifteen years experience in real estate and finance, most recently as a real estate portfolio manager at the California Public Employees’ Retirement System.

Sacramento, CA – Patrick Mitchell, chief investment officer of the California State Teachers’ Retirement System, has resigned. He leaves July 15, 2000, to pursue other career opportunities.

“This was not at all an easy decision to make, but the new economy is providing wonderful opportunities right now. The timing is excellent for me to begin the next phase of my life and career,” Mitchell said.

Sacramento, CA -The California State Teachers’ Retirement System recorded a 13.35 percent return on its investments for the past year. CalSTRS’ assets totaled $99.9 billion on June 30, 1999 – an $11.8 billion increase from the previous 12-month period.