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Payment calendarCheck mailed December 27Direct deposit January 2

Board meeting - January 2024

Unless otherwise specified, meetings will be held at the following location:

CalSTRS Board Room, 100 Waterfront Place, West Sacramento, CA 95605

Members of the public may provide public comment via telephone by calling (866) 236-6010. Board members may participate in this meeting via teleconference.

For labor dispute issues contact the General Counsel office at legalservices@calstrs.com.

Public Call Letter

All meeting times are approximate depending upon the end of the previous meeting. 

 January 10, 2024

Regular Meeting - 9:00 a.m. 

Item 1 - Approval of Committee Agenda

Session: Open | Type: Action | Presenter: Chairperson

Item 01Item 01 Attachment 01

Item 2 - Approval of Minutes of the November 2, 2023, Regular Meeting – Closed Session (Gov. Code, sec. 11126)

Session: Closed | Type: Consent Action | Presenter: Chairperson

Item 3 - Committee Reports

  • Investment Committee
  • Appeals Committee

Session: Closed | Type: Consent Information | Presenter: Chairperson

Item 4 - Chief Executive Officer Briefing on Performance and Personnel Issues (Gov. Code, sec. 11126(a), (b), (g))

Session: Closed | Type: Action | Presenter: Cassandra Lichnock

Item 5 - Confer with and Receive Advice from Legal Counsel Regarding Pending Litigation (Gov. Code, sec. 11126(e))

Session: Closed | Type: Information | Presenter: Brian J. Bartow

Item 6 - Chief Executive Officer Report

Session: Open | Type: Information | Presenter: Cassandra Lichnock

Item 06Presentation 01

Item 7 - Fiduciary Duty

Session: Open | Type: Information | Presenter: Brian J. Bartow

Item 8 - Review of Actuarial Assumptions

Session: Open | Type: Action | Presenter: David Lamoureux / Rick Reed / Nick Collier and Scott Preppernau, Milliman

Item 08Item 08 Attachment 01 - 2024 Experience Analysis Report Presentation 01

Item 9 - 2024-25 Board Meeting Calendar

Session: Open | Type: Action | Presenter: Cassandra Lichnock

Item 09Item 09 Attachment 01

Item 10 - HQE Update & Extension of CEO Delegation

Session: Open | Type: Action | Presenter: Lisa Blatnick

Item 10

Item 11 - DEI Update

Session: Open | Type: Information | Presenter: TJ Kochhar / Kristel Turko / Davita Vance-Cook, Guidehouse

Item 11Item 11 Attachment 01 - Global Diversity, Equity, and Inclusion Benchmark (GDEIB) PrimerPresentation 01

Item 12 - Leasing Strategy for 100 Waterfront Place

Session: Open | Type: Information | Presenter: Melissa Norcia / Jeff Isham / Alexis Garrett, JLL

Item 12Presentation 01

Item 13 - Pension Solution Project Update

Session: Open | Type: Information | Presenter: Ashish Jain / Bill Perez / Anthony Suine / Chriss Cabodi, Guidehouse

Item 13Item 13 Attachment 01 - Oversight ReportItem 13 Attachment 02 - Pension Solution GlossaryPresentation 01Presentation 02

Item 14 - State and Federal Legislation

Session: Open | Type: Information | Presenter: Joycelyn Martinez-Wade

Item 14Item 14 Attachment 01 - Legislation PlaceholderItem 14 Attachment 02 - Legislative Matrix

Item 15 - CalSTRS Investment Satellite Office

Session: Open | Type: Information | Presenter: Scott Chan / April Wilcox / Don Palmieri / Rob Ross

Item 15Presentation 01

Item 16a - Committee Reports

  • Investment Committee
  • Appeals Committee
  • Audits and Risk Management Committee
  • Benefits and Services Committee
  • Board Governance Committee

Session: Open | Type: Consent Action | Presenter: Chairperson

Item 16b - Approval of Minutes of the November 2, 2023, Regular Meeting – Open Session

Session: Open | Type: Consent Action | Presenter: Chairperson

Item 16b

Item 16c - Board Member Education - Revised

Session: Open | Type: Consent Action | Presenter: Chairperson

Item 16c

Item 16d - Contracts Requiring Board Approval

Session: Open | Type: Consent Action | Presenter: Chairperson

Item 16d

Item 17 - Items Referred by Committee for Board Decision

Session: Open | Type: Information | Presenter: Chairperson

Item 18 - New Business / Review of Information Requests

Session: Open | Type: Information | Presenter: Chairperson

Item 19 - Draft Agenda for Next Meeting

Session: Open | Type: Information | Presenter: Chairperson

Item 19

Item 20 - Opportunity for Statements from the Public

Session: Open | Type: Information | Presenter: Chairperson

Benefits & Services Committee - 3:00 p.m. 

Item 1 - Approval of Committee Agenda

Session: Open | Type: Action | Presenter: Chairperson

Item 01Item 01 Attachment 01 - Committee Agenda 

Item 2 - Approval of Minutes of the September 14, 2023, Benefits and Services Committee Meeting – Open Session

Session: Open | Type: Consent Action | Presenter: Chairperson

Item 02

Item 3 - Trends in How Students Obtain Their Education

Session: Open | Type: Information | Presenter: Tom Buffalo

Item 03Presentation 01

Item 4 - Trends in CalSTRS Demographics

Session: Open | Type: Information | Presenter: David Lamoureux / Jordan Fassler

Item 04Presentation 01

Item 5 - Marketing and Outreach Strategy

Session: Open | Type: Information | Presenter: Kate LeBlanc

Item 05Presentation 01

Item 6 - Review of Information Requests

Session: Open | Type: Information | Presenter: Chairperson

Item 7 - Draft Agenda for the Next Committee Meeting

Session: Open | Type: Information | Presenter: Chairperson

Item 07

Item 8 - Opportunity for Statements from the Public

Session: Open | Type: Information | Presenter: Chairperson

 

January 11, 2024

Investment Committee - 9:30 a.m. 

Item 1 - Approval of Committee Agenda

Session: Open | Type: Action | Presenter: Chairperson

Item 01Item 01 Attachment 01

Item 2 - Opportunities for Statements from the Public

Session: Open | Type: Information | Presenter: Chairperson

Item 3 - Chief Investment Officer’s Report

Item 03Item 03 Attachment 01Presentation 01

Session: Open | Type: Information | Presenter: Christopher Ailman

Item 4 - Sustainable Investment & Stewardship Strategies – Corporate Governance Update

  • Updated Corporate Governance Principles
  • Revised Stewardship Principles

Session: Open | Type: Action | Presenter: Aeisha Mastagni

Item 04aItem 04a Attachment 01Item 04a Attachment 02Item 04a Attachment 03Item 04a Attachment 04Item 04bItem 04b Attachment 01Item 04b Attachment 02Item 04b Attachment 03Item 04b Attachment 04Presentation 01

Item 5 - Investment Policy Statement Revision: Leverage & Asset Allocation Bands – First Reading

Session: Open | Type: Information | Presenter: Scott Chan, Geraldine Jimenez, April Wilcox, and Josh Diedesch

Item 05Item 05 Attachment 01Item 05 Attachment 02Item 05 Attachment 03Item 05 Attachment 04Item 05 Attachment 05Presentation 01

Item 6 - General Consultant Contract Extension

Session: Open | Type: Consent Action | Presenter: Chairperson

Item 06

Item 7 - Approval of Minutes of the November 1, 2023, Investment Committee Meeting – Open Session

Session: Open | Type: Consent Action | Presenter: Chairperson

Item 07

Item 8 - Cases in Diversity, Equity, and Inclusion

  • Staff Briefing
  • Best PRactices in Diversity, Equity, and Inclusion

Session: Open | Type: Information | Presenter: Panel

Item 08aItem 08bPresentation 01

Item 9 - Private Equity Pacing Report

Session: Open | Type: Information | Presenter: Margot Wirth and Tom Baker

Item 09

Item 10 - Review of Information Requests

Session: Open | Type: Information | Presenter: Chairperson

Item 11 - Draft Agenda for the Next Committee Meeting

Session: Open | Type: Information | Presenter: Chairperson

Item 11

Item 12 - Tactical Investment Strategy Discussion
(Gov. Code, sec. 11126(c)(16))

Session: Closed | Type: Information | Presenter: Investment Staff and Consultants

Item 13 - Confer with and Receive Advice from Legal Counsel Regarding Pending Litigation (Gov. Code, sec. 11126(e))

Session: Closed | Type: Information | Presenter: Brian J. Bartow 

Item 14 - Approval of Minutes of the November 1, 2023, Investment Committee Meeting – Closed Session (Gov. Code, sec 11126)

Session: Closed | Type: Consent Action | Presenter: Chairperson