CalSTRS – Page 2 – California Globe

Proposed Bill To Require State Pension Funds to Divest Completely From Russian Investments

March 1, 2022 11:56 am

A bipartisan-backed bill to require the California Public Employees’ Retirement System (CalPERS) and the California State Teachers’ Retirement System (CalSTRS) state pension funds to divest completely from any Russian assets was announced on Monday, with the intention of being formally...

CalPERS, CalSTRS Turkish Divestment Bill Passes Senate 36-0

May 26, 2021 2:33 pm

A bill to allow school districts and cities to choose investments not issued or owned by the country of Turkey passed the Senate unanimously 36-0 on Thursday. Senate Bill 457, authored by Senators Anthony J. Portantino (D- La Canada Flintridge)...

Newsom’s Public Education Spending Binge

May 18, 2021 2:13 amMay 18, 2021 6:08 am

“It is our hope that all schools will be able to physically open for five days per week in the fall but local conditions will determine whether that is possible.” – Cecily Myart-Cruz, President, United Teachers of Los Angeles (UTLA...

Pension Costs Are Not the Reason California’s Schools Fail the Disadvantaged

October 21, 2020 3:38 pmOctober 21, 2020 5:36 pm

A recent guest editorial published by Bakersfield.com entitled “California’s defunding of public education” makes the case that a “pension contribution maneuver” has left school districts up and down the state with shrinking budgets. The author, Shaohua Yang, gets many of his facts...

CTA Employees Have a Pension Plan Twice as Good as the Teachers They Represent

August 12, 2020 2:26 amAugust 11, 2020 8:19 pm

This week a fascinating article on the website of the Education Intelligence Agency revealed that the California Teachers Association, one of the most powerful labor unions in the world, is itself having labor problems. Moreover, the labor problems they are encountering are because...

Sen. John M. W. Moorlach. (Kevin Sanders for California Globe)

Why Sen. John Moorlach Opposes California’s State Budget

June 16, 2020 11:02 am

Senator John M.W. Moorlach (R-Costa Mesa) is the only CPA in the State Legislature. As such, his dire warnings about California’s budget deficit need to be considered. California Globe watched all of the budget debate Monday, and as usual, Moorlach schooled the Senate...

State Supreme Court to Begin Hearings on Public Worker Pension Reductions Next Week

May 2, 2020 2:11 amMay 1, 2020 8:26 pm

The State Supreme Court will begin oral arguments early next week on a case that may drastically reduce public worker pensions that had been boosted to receive higher totals. State and county pensions face reductions Alameda County Deputy Sheriff’s Association...