News Releases https://www.calstrs.com/news-releases Read all current and past CalSTRS news releases dating to 1998. en CalSTRS supports California Climate Investment Framework https://www.calstrs.com/statement/calstrs-supports-california-climate-investment-framework <div class="field field-type-nodereference field-field-profiles"> <div class="field-items"> <div class="field-item odd"> <a href="/profile/karen-doron">Karen Doron</a> </div> </div> </div> <p>WEST SACRAMENTO, Calif. (September 24, 2020) –&nbsp;CalSTRS worked closely with the Department of Finance in the development of the <a href="http://dof.ca.gov/Reports/Other/documents/Climate_Investment_Framework_Final_v9-21-20-600pm.pdf">California Climate Investment Framework</a>. We are pleased that the Governor and the Framework recognize CalSTRS’ leadership in sustainable investing. The report reflects the high importance we place on managing climate risks and seeking opportunities to invest in climate solutions. CalSTRS’ legacy of climate reporting preceded and currently exceeds the requirements of SB 964. We will continue to lead in helping the state of California achieve its climate goals through the implementation of the Climate Investment Framework, and the CalSTRS Low-Carbon Transition Work Plan.</p><p><a href="https://www.calstrs.com/statement/calstrs-supports-california-climate-investment-framework" target="_blank">read more</a></p> Statement 2020 News Releases News Releases Thu, 24 Sep 2020 19:37:00 +0000 William Yee 6295 at https://www.calstrs.com Governor announces appointment to CalSTRS board https://www.calstrs.com/news-release/governor-announces-appointment-calstrs-board-4 <div class="field field-type-nodereference field-field-profiles"> <div class="field-items"> <div class="field-item odd"> <a href="/profile/karen-doron">Karen Doron</a> </div> </div> </div> <p>WEST SACRAMENTO, Calif. (August 13, 2020) – The California State Teachers’ Retirement System announced that Governor Newsom has appointed Jennifer Urdan to a four-year term on the <a href="/board-members">California State Teachers’ Retirement Board</a>. The board oversees the retirement benefits for California’s prekindergarten–12 and community college educators covered under CalSTRS.</p><p><a href="https://www.calstrs.com/news-release/governor-announces-appointment-calstrs-board-4" target="_blank">read more</a></p> News release 2020 News Releases News Releases Thu, 13 Aug 2020 15:32:00 +0000 William Yee 6270 at https://www.calstrs.com CalSTRS statement on recent California Rule case https://www.calstrs.com/statement/calstrs-statement-recent-california-rule-case <div class="field field-type-nodereference field-field-profiles"> <div class="field-items"> <div class="field-item odd"> <a href="/profile/karen-doron">Karen Doron</a> </div> </div> </div> <p>WEST SACRAMENTO, Calif. (August 3, 2020) – On July 30, 2020, the California Supreme Court announced a ruling in the case of <em>Alameda County Deputy Sheriff’s Association v. Alameda County Employees’ Retirement Association.</em> CalSTRS was monitoring the case for potential impacts to retirement law and implementation of the Public Employees’ Pension Reform Act (PEPRA), which took effect in January 2013. In a 90-page opinion, the court held that the PEPRA provisions at issue in the case clarified existing law and closed loopholes pertaining to pensionable compensation. According to the opinion, these clarifications did not violate contract law or the California Rule which protects public pensions as a vested right. The legislation affected by the ruling applies only to the County Employees’ Retirement Law. Therefore, this ruling does not directly impact CalSTRS’ retirees or calculation of CalSTRS member benefits.</p><p><a href="https://www.calstrs.com/statement/calstrs-statement-recent-california-rule-case" target="_blank">read more</a></p> Statement 2020 News Releases News Releases Mon, 03 Aug 2020 22:43:00 +0000 William Yee 6265 at https://www.calstrs.com CalSTRS returns 3.9% in 2019–20 amid volatile markets https://www.calstrs.com/news-release/calstrs-returns-39-2019-20-amid-volatile-markets <div class="field field-type-nodereference field-field-profiles"> <div class="field-items"> <div class="field-item odd"> <a href="/profile/karen-doron">Karen Doron</a> </div> </div> </div> <p>WEST SACRAMENTO, Calif. (July 20, 2020) – The California State Teachers’ Retirement System (CalSTRS) today announced its investment portfolio returned 3.9% net of fees for the fiscal year ending June 30, 2020, and recorded the year-end fund value at $246.0 billion. The 2019–20 return reflects the ongoing impact of COVID-19 on global financial markets.</p><p><a href="https://www.calstrs.com/news-release/calstrs-returns-39-2019-20-amid-volatile-markets" target="_blank">read more</a></p> News release 2020 News Releases News Releases Mon, 20 Jul 2020 17:31:00 +0000 William Yee 6257 at https://www.calstrs.com CalSTRS head of Sustainable Investment and Stewardship Strategies, Kirsty Jenkinson, selected in the NextGen Class of 2020 https://www.calstrs.com/news-release/calstrs-head-sustainable-investment-and-stewardship-strategies-kirsty-jenkinson <div class="field field-type-text field-field-subtitle"> <div class="field-items"> <div class="field-item odd"> Chief Investment Officer (CIO) magazine features Jenkinson as a rising leader in the investment industry. </div> </div> </div> <div class="field field-type-nodereference field-field-profiles"> <div class="field-items"> <div class="field-item odd"> <a href="/profile/vanessa-garcia">Vanessa Garcia</a> </div> </div> </div> <p>WEST SACRAMENTO, Calif. (July 13, 2020) – The California State Teachers’ Retirement System today announced that their Sustainable Investment and Stewardship Strategies (SISS) Investment Director, Kirsty Jenkinson, was selected as one of <a href="https://www.ai-cio.com/lists/class-2020-nextgens/">Chief Investment Officer Magazine’s Class of 2020 NextGen investors</a>.</p><p><a href="https://www.calstrs.com/news-release/calstrs-head-sustainable-investment-and-stewardship-strategies-kirsty-jenkinson" target="_blank">read more</a></p> News release 2020 News Releases News Releases Mon, 13 Jul 2020 23:12:00 +0000 William Yee 6248 at https://www.calstrs.com Teachers’ Retirement Board elects chair and vice chair https://www.calstrs.com/news-release/teachers-retirement-board-elects-chair-and-vice-chair-4 <div class="field field-type-text field-field-subtitle"> <div class="field-items"> <div class="field-item odd"> Harry Keiley will serve as chair, and Sharon Hendricks will serve as vice chair </div> </div> </div> <div class="field field-type-nodereference field-field-profiles"> <div class="field-items"> <div class="field-item odd"> <a href="/profile/vanessa-garcia">Vanessa Garcia</a> </div> </div> </div> <p>WEST SACRAMENTO, Calif. (May 11, 2020) – The trustees of the California State Teachers’ Retirement System (CalSTRS) elected Harry Keiley as board chair and Sharon Hendricks as vice chair of the Teachers’ Retirement Board for the 2020–21 term.</p> <p>The 12-member board nominates and elects its chair and vice chair annually, and the newly elected officers assume their posts immediately. The chair and vice chair provide board leadership, direction and policy development for the largest educator-only pension fund in the world.</p><p><a href="https://www.calstrs.com/news-release/teachers-retirement-board-elects-chair-and-vice-chair-4" target="_blank">read more</a></p> News release 2020 News Releases News Releases Mon, 11 May 2020 18:08:00 +0000 William Yee 6217 at https://www.calstrs.com CalSTRS releases valuation for 2019 https://www.calstrs.com/news-release/calstrs-releases-valuation-2019 <div class="field field-type-text field-field-subtitle"> <div class="field-items"> <div class="field-item odd"> Funded ratio improves slightly; board adopts state contribution rate </div> </div> </div> <div class="field field-type-nodereference field-field-profiles"> <div class="field-items"> <div class="field-item odd"> <a href="/profile/karen-doron">Karen Doron</a> </div> </div> </div> <p>WEST SACRAMENTO, Calif. (May 11, 2020) – In its first-ever virtual meeting, the Teachers’ Retirement Board received the results of the actuarial valuation for the CalSTRS Defined Benefit Program as of June 30, 2019. The valuation provides a snapshot-in-time of the system’s financial health and is part of the ongoing effort to monitor and assess the system’s ability to meet its long-term commitments.</p><p><a href="https://www.calstrs.com/news-release/calstrs-releases-valuation-2019" target="_blank">read more</a></p> News release 2020 News Releases News Releases Mon, 11 May 2020 18:01:00 +0000 William Yee 6216 at https://www.calstrs.com CalSTRS COIO Debra Smith announces retirement https://www.calstrs.com/news-release/calstrs-coio-debra-smith-announces-retirement <div class="field field-type-nodereference field-field-profiles"> <div class="field-items"> <div class="field-item odd"> <a href="/profile/karen-doron">Karen Doron</a> </div> </div> </div> <p>WEST SACRAMENTO, Calif. (April 13, 2020) – After 24 years of service, Debra Smith, Chief Operating Investment Officer of the California State Teachers’ Retirement System, announced her retirement in February. She will continue to serve as COIO until May 7, 2020. &nbsp;CalSTRS will soon conduct a competitive search for her successor.</p><p><a href="https://www.calstrs.com/news-release/calstrs-coio-debra-smith-announces-retirement" target="_blank">read more</a></p> News release 2020 News Releases News Releases Mon, 13 Apr 2020 22:38:00 +0000 William Yee 6197 at https://www.calstrs.com CEO Jack Ehnes postpones retirement https://www.calstrs.com/statement/ceo-jack-ehnes-postpones-retirement <div class="field field-type-nodereference field-field-profiles"> <div class="field-items"> <div class="field-item odd"> <a href="/profile/karen-doron">Karen Doron</a> </div> </div> </div> <p>WEST SACRAMENTO, Calif. (March 20, 2020) – At the request of the Teachers’ Retirement Board, CalSTRS Chief Executive Officer Jack Ehnes will continue to serve as CEO through June 30, 2021. Ehnes previously announced an earlier retirement date at the March 2020 board meeting. His June 2021 retirement will allow the board to postpone the executive search for a new CEO to ensure the most thorough and competitive process possible. This decision will enable CalSTRS to maintain focus on appropriately responding to the coronavirus crisis and securing the financial future of California’s educators.</p><p><a href="https://www.calstrs.com/statement/ceo-jack-ehnes-postpones-retirement" target="_blank">read more</a></p> Statement 2020 News Releases News Releases Fri, 20 Mar 2020 21:04:00 +0000 William Yee 6177 at https://www.calstrs.com CalSTRS CEO Jack Ehnes announces retirement https://www.calstrs.com/news-release/calstrs-ceo-jack-ehnes-announces-retirement <div class="field field-type-nodereference field-field-profiles"> <div class="field-items"> <div class="field-item odd"> <a href="/profile/karen-doron">Karen Doron</a> </div> </div> </div> <p>WEST SACRAMENTO, Calif. (March 5, 2020) – Jack Ehnes, chief executive officer of the California State Teachers’ Retirement System (CalSTRS), initially announced his September 2020 retirement at the March 2020 Teachers’ Retirement Board meeting. Following this announcement, the board requested he continue to serve until June 30, 2021, to allow more time to conduct a search for his successor. Ehnes joined CalSTRS as CEO in February 2002.</p><p><a href="https://www.calstrs.com/news-release/calstrs-ceo-jack-ehnes-announces-retirement" target="_blank">read more</a></p> News release 2020 News Releases News Releases Thu, 05 Mar 2020 17:53:00 +0000 William Yee 6149 at https://www.calstrs.com Joint statement on the importance of long-term, sustainable growth https://www.calstrs.com/statement/joint-statement-importance-long-term-sustainable-growth <p>WEST SACRAMENTO, Calif. (March 2, 2020) —&nbsp;CalSTRS, alongside Japan’s Government Pension Investment Fund and the UK’s Universities Superannuation Scheme, <a href="https://www.gpif.go.jp/en/investment/Our_Partnership_for_Sustainable_Capital_Markets_Signatories.pdf">released a statement</a> emphasizing the importance of long-term, sustainable growth.</p><p><a href="https://www.calstrs.com/statement/joint-statement-importance-long-term-sustainable-growth" target="_blank">read more</a></p> Statement 2020 News Releases News Releases Mon, 02 Mar 2020 22:57:00 +0000 Melissa Wiese 6141 at https://www.calstrs.com Teachers’ Retirement Board welcomes new member https://www.calstrs.com/news-release/teachers-retirement-board-welcomes-new-member <div class="field field-type-text field-field-subtitle"> <div class="field-items"> <div class="field-item odd"> Bradford previously served as chair of the CTA Retirement Committee. </div> </div> </div> <div class="field field-type-nodereference field-field-profiles"> <div class="field-items"> <div class="field-item odd"> <a href="/profile/thomas-lawrence">Thomas Lawrence</a> </div> </div> </div> <p>WEST SACRAMENTO, Calif. (January 28, 2020) — Denise Bradford, a longtime elementary school teacher from the Saddleback Valley Unified School District in Orange County, has begun serving a four-year term on the Teachers’ Retirement Board as one of three elected members on the 12-member board.</p> <p>Bradford, who is representing current educators, starts her work on the board with this week’s meeting, which will be held from January 30–31. Her term extends through calendar year 2023.</p><p><a href="https://www.calstrs.com/news-release/teachers-retirement-board-welcomes-new-member" target="_blank">read more</a></p> News release 2020 News Releases News Releases Wed, 29 Jan 2020 00:06:00 +0000 William Yee 6120 at https://www.calstrs.com CalSTRS advances global stewardship and long-term sustainability https://www.calstrs.com/news-release/calstrs-advances-global-stewardship-and-long-term-sustainability <div class="field field-type-text field-field-subtitle"> <div class="field-items"> <div class="field-item odd"> Sixth annual sustainability report highlights improvements in funding, expanded member outreach and low-carbon transition preparedness. </div> </div> </div> <div class="field field-type-nodereference field-field-profiles"> <div class="field-items"> <div class="field-item odd"> <a href="/profile/vanessa-garcia">Vanessa Garcia</a> </div> </div> </div> <p>WEST SACRAMENTO, Calif. (January 23, 2020) – The California State Teachers’ Retirement System today released its <a href="/2018-19-sustainability-report"><em>2018–19 Sustainability Report</em></a>. The report meets the guidelines established by the Global Reporting Initiative (GRI), the first and most widely adopted standards for sustainability reporting.</p><p><a href="https://www.calstrs.com/news-release/calstrs-advances-global-stewardship-and-long-term-sustainability" target="_blank">read more</a></p> News release 2020 News Releases News Releases Fri, 24 Jan 2020 00:07:00 +0000 William Yee 6117 at https://www.calstrs.com CalSTRS expands reporting on climate risk management https://www.calstrs.com/news-release/calstrs-expands-reporting-climate-risk-management <div class="field field-type-text field-field-subtitle"> <div class="field-items"> <div class="field-item odd"> Latest Green Initiative Task Force report is responsive to SB 964 requirements. </div> </div> </div> <div class="field field-type-nodereference field-field-profiles"> <div class="field-items"> <div class="field-item odd"> <a href="/profile/karen-doron">Karen Doron</a> </div> </div> </div> <p>WEST SACRAMENTO, Calif. (December 31, 2019)–The California State Teachers’ Retirement System released its latest <a href="/report/green-initiative-task-force"><em>Green Initiative Task Force</em></a> report which responds to California Senate Bill 964 (Allen) and aligns with the recommendations of the Task Force on Climate-Related Financial Disclosures (TCFD).</p><p><a href="https://www.calstrs.com/news-release/calstrs-expands-reporting-climate-risk-management" target="_blank">read more</a></p> News release 2019 News Releases News Releases Tue, 31 Dec 2019 17:32:00 +0000 Melissa Wiese 6094 at https://www.calstrs.com CalSTRS selected as a best place to work in money management https://www.calstrs.com/news-release/calstrs-best-place-work-money-management-2019 <div class="field field-type-text field-field-subtitle"> <div class="field-items"> <div class="field-item odd"> Latest recognition is the fifth for CalSTRS in the award’s eight years. </div> </div> </div> <div class="field field-type-nodereference field-field-profiles"> <div class="field-items"> <div class="field-item odd"> <a href="/profile/ricardo-duran">Ricardo Duran </a> </div> </div> </div> <p>WEST SACRAMENTO, Calif. (December 9, 2019)– The California State Teachers’ Retirement System today announced it has again received recognition in <em>Pensions &amp; Investments </em>magazine’s <a href="https://www.pionline.com/best-places-work/california-state-teachers-retirement-system">Best Places to Work in Money Management for 2019</a>.</p><p><a href="https://www.calstrs.com/news-release/calstrs-best-place-work-money-management-2019" target="_blank">read more</a></p> News release 2019 News Releases News Releases Mon, 09 Dec 2019 21:54:00 +0000 Melissa Wiese 6083 at https://www.calstrs.com CalSTRS statement on SEC proposed regulation https://www.calstrs.com/news-release/calstrs-statement-sec-proposed-regulation <div class="field field-type-nodereference field-field-profiles"> <div class="field-items"> <div class="field-item odd"> <a href="/profile/amy-norris">Amy Norris</a> </div> </div> </div> <p>WEST SACRAMENTO, Calif. (November 6, 2019) – In response to the Securities and Exchange Commission November 5 Proposed Proxy Advisor Regulation, CalSTRS issued the following statement:</p> <p>The SEC proposed new proxy advisor and shareholder proposal threshold rules that will weaken investors’ ability to hold corporations accountable.</p><p><a href="https://www.calstrs.com/news-release/calstrs-statement-sec-proposed-regulation" target="_blank">read more</a></p> News release 2019 News Releases News Releases Wed, 06 Nov 2019 18:02:00 +0000 William Yee 6066 at https://www.calstrs.com CalSTRS appoints William Perez as Benefits and Services Executive Officer https://www.calstrs.com/news-release/calstrs-appoints-william-perez-benefits-and-services-executive-officer <div class="field field-type-text field-field-subtitle"> <div class="field-items"> <div class="field-item odd"> Perez brings more than 20 years of experience in customer service and contact center operations. </div> </div> </div> <div class="field field-type-nodereference field-field-profiles"> <div class="field-items"> <div class="field-item odd"> <a href="/profile/thomas-lawrence">Thomas Lawrence</a> </div> </div> </div> <p>WEST SACRAMENTO, Calif. (October 14, 2019) – The California State Teachers’ Retirement System, the nation’s largest educator-only pension fund, announced the appointment of William “Bill” Perez as Benefits and Services Executive Officer.</p> <p>In his role as executive officer, effective November 4, Perez will provide high-level oversight and management of all retirement, disability and survivor benefits, member account services, benefits planning and customer contact program operations in leading CalSTRS’ largest branch. His position reports directly to CalSTRS Chief Operating Officer Cassandra Lichnock.</p><p><a href="https://www.calstrs.com/news-release/calstrs-appoints-william-perez-benefits-and-services-executive-officer" target="_blank">read more</a></p> News release 2019 News Releases News Releases Mon, 14 Oct 2019 18:05:00 +0000 William Yee 6021 at https://www.calstrs.com Teachers’ Retirement Board addresses climate change in investment portfolio https://www.calstrs.com/news-release/teachers-retirement-board-addresses-climate-change-investment-portfolio <div class="field field-type-text field-field-subtitle"> <div class="field-items"> <div class="field-item odd"> Low-Carbon Transition Work Plan will guide CalSTRS over next 18 months. </div> </div> </div> <div class="field field-type-nodereference field-field-profiles"> <div class="field-items"> <div class="field-item odd"> <a href="/profile/karen-doron">Karen Doron</a> </div> </div> </div> <p>WEST SACRAMENTO, Calif. (October 7, 2019) – The Teachers’ Retirement Board initiated the implementation of a Low-Carbon Transition Work Plan at its October meeting. The transition plan builds on more than 15 years of work in climate-risk mitigation strategies.</p><p><a href="https://www.calstrs.com/news-release/teachers-retirement-board-addresses-climate-change-investment-portfolio" target="_blank">read more</a></p> News release 2019 News Releases News Releases Mon, 07 Oct 2019 20:55:00 +0000 Melissa Wiese 6016 at https://www.calstrs.com NAGDCA names Sandy Blair as president https://www.calstrs.com/news-release/nagdca-names-sandy-blair-president <div class="field field-type-text field-field-subtitle"> <div class="field-items"> <div class="field-item odd"> Blair, Director of Retirement Readiness, oversees defined contribution plans, member education and outreach efforts. </div> </div> </div> <div class="field field-type-nodereference field-field-profiles"> <div class="field-items"> <div class="field-item odd"> <a href="/profile/thomas-lawrence">Thomas Lawrence</a> </div> </div> </div> <p>WEST SACRAMENTO, Calif. (September 18, 2019) – The National Association of Government Defined Contribution Administrators <a href="https://www.nagdca.org/nagdca-elects-2019-2020-executive-board/">recently elected the California State Teachers’ Retirement System’s Sandy Blair</a> as president.</p><p><a href="https://www.calstrs.com/news-release/nagdca-names-sandy-blair-president" target="_blank">read more</a></p> News release 2019 News Releases News Releases Wed, 18 Sep 2019 20:59:00 +0000 Melissa Wiese 6006 at https://www.calstrs.com CalSTRS names Karen Doron as Communications Director https://www.calstrs.com/news-release/calstrs-names-karen-doron-communications-director <div class="field field-type-text field-field-subtitle"> <div class="field-items"> <div class="field-item odd"> She brings more than 20 years of experience in strategic communications, marketing and public relations to the position. </div> </div> </div> <div class="field field-type-nodereference field-field-profiles"> <div class="field-items"> <div class="field-item odd"> <a href="/profile/amy-norris">Amy Norris</a> </div> </div> </div> <p>WEST SACRAMENTO, Calif. (August 22, 2019) – The California State Teachers’ Retirement System (CalSTRS), the nation’s largest educator-only pension fund, announced the appointment of Karen Doron as communications director.</p><p><a href="https://www.calstrs.com/news-release/calstrs-names-karen-doron-communications-director" target="_blank">read more</a></p> News release 2019 News Releases News Releases Fri, 23 Aug 2019 04:44:00 +0000 William Yee 5970 at https://www.calstrs.com