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The head of a massive California pension fund told CNBC on Monday that he is voting against the revised pay package for Tesla CEO Elon Musk. ... CalSTRS held just under 4.7 million shares of Tesla ...
Chris Ailman grew the fund from $100 billion to nearly $318 billion in his 23 years at CalSTRS. ... Christopher Ailman, the top investment executive at California’s teacher pension fund, will ...
CalSTRS’ investment porftolio performed better than CalPERS and most U.S. pension funds. But it still lost money for 1st time since 2009.
This list of largest pension funds in the United States involves two main groups: ... CalSTRS: $216,193 $215,318 68.5% 7.6% 3 New York State Common Retirement:
The California Public Employees' Retirement System (CalPERS) is an agency in the California executive branch that "manages pension and health benefits for more than 1.5 million California public employees, retirees, and their families".
CalSTRS was established by law in 1913 and is part of the State of California's Government Operations Agency. As of September 2020, CalSTRS is the largest teachers' retirement fund in the United States. CalSTRS is also currently the eleventh largest public pension fund in the world. [2]
The pension fund exceeded goals in the most recent fiscal year to secure a total fund of more than $341 billion. CalSTRS announced that the state’s pension fund outperformed, ending the year ...
The pensions crisis or pensions timebomb is the predicted difficulty in paying for corporate or government employment retirement pensions in various countries, due to a difference between pension obligations and the resources set aside to fund them.