CalSTRS

CalSTRS Set To Receive Last $15 Million Payment from Congress

CalSTRS has received $315 million from the U.S. Congress since 1999. In 2015, the pension fund will receive one final payment from Congress totaling $15.6 million. What’s the purpose of the payment, and why are they stopping? The Daily Journal News explains: The California State Teachers’ Retirement System (CalSTRS) will receive its final $15.6 ...
CalSTRS

Improving CalSTRS Funding Comes at Cost for School Districts

California lawmakers acted earlier this year to improve the funding status of CalSTRS. That means higher payments from school districts – and recent budget forecasts are forcing schools to examine how these payments will strain their budgets. From the San Diego Union Tribune: A state-mandated sched-ule for replenishing California’s cash-strapped ...
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As Demand for Green Bonds Grows, So Does Desire for Transparency

There is growing demand for environmentally friendly investments, and as a result, “green bonds” have become an increasingly popular investment vehicle. For proof, look no further than CalSTRS, which increased its purchases of “green bonds” by 300 percent in 2014. But with increased popularity comes increased demands for transparency: what ...
CalSTRS

CalSTRS Loses $125 Million on Florida Industrial Land

CalSTRS revealed Thursday it had lost $125 million on an investment – reportedly written off since 2009 – in a piece of industrial land in Florida that lost much of its value when land values went bust just over a half-decade ago. CalSTRS had been waiting for the price of the land to recover a bit before selling – and the fund did recover some ...
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