The California State Teachers’ Retirement System (CalSTRS) has decided to remain invested in “assault weapon” retailers while simultaneously taking part in publicly engaging retailers.
The California State Teachers’ Retirement System (CalSTRS) is considering a divestment from any retailer that sells guns or ammunition.
California’s September job growth saw government employment booming at an annualized rate of over 12 percent — and the private sector crawling at less than 2 percent.
California Democrats are pushing legislation to require teacher and public employee retirement systems to divest holdings in any companies that are going to take part in building the wall along the U.S.-Mexico border.
Moody’s Credit Rating Service warned last week that budgetary pressure on state and local governments is accelerating as public employee pension systems are forced to follow moves by CalPERS and CalSTRS to lower investment return expectations to 7 percent.
A new plan approved by the California legislature and sent to Gov. Jerry Brown for approval would force employees of most private companies and small businesses to save for their retirement, with automatic deductions from their paychecks sent to the “California Secure Choice Retirement Savings Program” if they do not have a 401(k) plan at work.
Government accounting rules have forced a California audit that has revealed an increase in the “debt” it owes for pension liability by 2,000 percent this year. The state could nearly double the debt again next year when it is forced to account for unfunded retiree health benefits.
CalPERS, the Golden State’s public employee retirement system, is seeking to shift the cost and risk of pensions to taxpayers after a $5 billion shortfall in 2014.
California’s pension funds moved one step closer to divesting from coal on Wednesday, with an Assembly committee approving SB 185 bill by a 5-1 vote. The bill, which has passed the state Senate, moves to the floor for a vote. It is likely to pass, and Gov.Jerry Brown is likely to sign it into law, though he has opposed measures to ban fracking for oil in the state.
The California State Teachers’ Retirement System (CalSTRS) has sold its investment in Remington Outdoor, the parent company for Bushmaster firearms–the firearm that Adam Lanza stole and used in his his heinous attack on Sandy Hook Elementary.
California schools are about to suffer a 235% increase in the percentage of their annual budgets that are devoted to teacher pensions managed by the California State Teachers Retirement System (CalSTRS). The stunningly higher costs will slash the number of classroom teachers in all predominantly middle-class schools, but exempt inner-city school districts with high “English learners and recipients of subsidized meals.”
The California Teachers’ Retirement Trust (CalSTRS) board directed its staff and consultants last week to evaluate the risks of investing in thermal coal companies.
Investors celebrated the NASDAQ stock market topping the 5,000 level this week for the first time since March 2000. But there were no celebrations in Sacramento for the anniversary of the last time that California Public Employees’ Retirement System (CalPERS) and the California State Teachers’ Retirement System (CalSTRS) were over 100 percent funded.
