CalSTRS – California Globe

Teachers Need Returns, Not Another Subcommittee

October 4, 2026 4:00 pmOctober 4, 2026 4:09 pm

CalSTRS is rethinking how its board oversees private market investments, and a new fiduciary subcommittee will focus on human-capital management, Pensions & Investments reported on September 24. Members of the fund should hold that panel to one measure: net return....

California Paid 250 State Workers More Than $600,000—One Took Home $2.3 Million

August 29, 2026 2:58 pmSeptember 1, 2026 4:07 pm

While Gov. Gavin Newsom’s administration talks tax hikes and “budget gaps,” new state payroll records show California spends like Jordan Belfort with a CalPERS badge. About 250 state employees collected more than $600,000 in total compensation in 2025, according to...

Asymmetric Pension Smoothing: A Prudent Reform to Strengthen CalPERS and CalSTRS Funded Ratios

June 26, 2026 8:00 amJune 26, 2026 8:01 am

Public pension systems in California, particularly CalPERS and CalSTRS, face persistent challenges in achieving full funding despite periodic strong investment returns. With CalPERS’ funded ratio recently improving to approximately 79% following solid market performance, meaningful structural reforms are essential to...

UC Berkeley Study: Sacramento’s Regulations Create America’s Highest Poverty Rate, Triggering California Exodus

April 2, 2026 3:32 pmApril 2, 2026 3:37 pm

A new report from the California Policy Lab at UC Berkeley has exposed the harsh reality of life under one-party Democratic rule: California now suffers the highest cost-of-living-adjusted poverty rate in the entire United States, a crisis manufactured by Sacramento’s...

CalPERS Still $153 Billion Underwater Despite Near Record Returns

March 12, 2026 8:06 amMarch 12, 2026 8:06 am

Thirty years of running hedge funds, private equity deals, and now outsourced CIO roles for ultra-high-net-worth family offices taught me one ironclad rule. Optimistic assumptions in a spreadsheet are just fraud wearing a tie. I watched markets crash in 2008...

Pension Shenanigans: The ‘Soft Fraud’ Burdening California Taxpayers

February 7, 2026 8:49 amFebruary 7, 2026 8:50 am

California’s pension crisis isn’t a mystery, and it isn’t just bad luck. It is the predictable outcome of decades of optimistic assumptions that lowered contributions in the short term while pushing massive costs onto future taxpayers. Call it what you...

CalSTRS Announces They Will Vote Against Tesla CEO Elon Musk’s $50 Billion Compensation Package

June 10, 2024 4:33 pmJune 10, 2024 4:33 pm

California State Teachers’ Retirement System (CalSTRS) Chief Investment Officer Christopher Ailman announced on Monday that the group will vote against reinstating a $56 billion pay package to Tesla and SpaceX CEO Elon Musk, becoming the latest entity promising to not...