In our fourth annual sustainability report covering our 2016-17 fiscal year activities, we once again focus on our role as trusted stewards of the Teachers’ Retirement Fund. At CalSTRS, we take our responsibility seriously by taking deliberate actions and making informed, accountable decisions to ensure a fully sustainable organization.
Striving to engage and actively seek stakeholder input is an integral and important focus of CalSTRS’ sustainability reporting efforts. This year, as in the past, we launched a stakeholder materiality survey. The results of that survey provided guidance for the topics covered in this report, including an outline of comments received from more than 400 stakeholder responses.
As trusted fiduciaries of California educators’ pensions, on an annual basis, the Teachers’ Retirement Board assesses CalSTRS’ long-term funding status in a detailed actuarial valuation report. In order to support the accuracy of these financial projections, the board periodically reviews actuarial assumptions to ensure the data reflects the system’s recent actuarial experience.
How to choose the 403(b) investment vehicle that is right for you? CalSTRS members have access to up to 59 separate 403(b) supplemental tax sheltered investment vendors, offering 220 individual products, and a staggering 5,000 plus choices within those products. The vendors and products vary depending on where you work. That’s vexing.
Started as a grassroots effort in 1970, Earth Day grew out of concern for the environment and continues to enjoy mainstream support today. People and organizations throughout the world hold activities to mark this annual celebration every April 22, and CalSTRS too, honors this occasion. The idea behind Earth Day serves to inspire responsibility towards protecting our environment.
When you think of groundbreaking breast cancer research you might expect to find a group of skilled medical experts and a wealth of scientific analysis. What you might not expect to find is the invaluable role the nation’s largest educator-only defined benefit pension plan played in a gold-standard study such as this.
Every four years, the Teachers’ Retirement Board’s Investment Committee undertakes an asset allocation study. In November, the conclusion of CalSTRS’ 2015 Asset Allocation Study is set to take place pending a final decision from the Teachers’ Retirement Board. The board holds exclusive control over the investment and administration of the Teachers’ Retirement Fund.