California

Opinion

The smoking gun at CalSTRS

For a pension fund that describes itself as “ponderous”, the $154-billion California State Teachers’ Retirement System, CalSTRS, has moved uncharacteristically swiftly in recent months. The second largest public pension fund in the United States, the plan for teachers and faculty is in the process of divesting its holdings in gun manufacturers following the massacre at […]

Sarah RundellMarch 6, 2013

Uncategorised posts

Doubts raised about Cal pension plan

While Virginia is the latest US state to announce an overhaul of its public pension system, a report into California’s pension reform plans says it does little to address CalSTRS’ $56 billion of underfunded liabilities and that some proposals may be unconstitutional.

SAM RILEYJanuary 18, 2012

Uncategorised posts

California governor plans pension reform

Two of America’s largest pension funds, CalSTRS and CalPERS have warily offered support to the interjection of California Governor Edmund G Brown Jr into the debate on how to finance the state’s ballooning pension liabilities.

SAM RILEYNovember 2, 2011