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Payment calendarCheck mailed January 29Direct deposit January 31

Board meeting - January 2025

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 8, 2025

Investment Committee - 9:00 a.m. 

Item 1 - Approval of Agenda

Session: Open | Type: Action | Presenter: Chairperson

Item 01Attachment 01

Item 2 - Consideration of Investment Decision – Long-Term Investment Strategies
(Gov. Code sec 11126(c)(16))

Session: Closed | Type: Information | Presenter: Scott Chan, Kirsty Jenkinson, Brian J. Bartow and Teresa Schilling

Item 3 - Opportunities for Statements from the Public

Session: Open | Type: Information | Presenter: Chairperson

Item 4 - CalSTRS Stewardship Priorities Annual Update

Session: Open | Type: Information | Presenter: Aeisha Mastagni, Lynn Paquin, and Nile Garritson

Item 04Attachment 01Presentation 01

Item 5 - Investment Committee Workplan on Private Market Priorities

Session: Open | Type: Information | Presenter: Scott Chan, Kirsty Jenkinson, and Michael DiRe

Item 05Presentation 01

Item 6 - Chief Investment Officer's Report

Session: Open | Type: Information | Presenter: Scott Chan

Item 06Attachment 01Presentation 01

Item 7 - Shared Vision – RMS Strategic Review

Session: Open | Type: Information | Presenter: Geraldine Jimenez, Steven Tong, and Carrie Lo

Item 07Presentation 01

Item 8 - Total Fund Management Overview

Session: Open | Type: Information | Presenter: June Kim and Josh Diedesch

Item 08Presentation 01

Item 9 - Approval of Minutes of the November 6, 2024, Investment Committee Meeting – Open Session

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

Item 09

Item 10 - General Consultant RFP

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

Item 10Attachment 01

Item 11 - Review of Information Requests

Session: Open | Type: Information | Presenter: Chairperson

Item 12 - Draft Agenda for the Next Committee Meeting

Session: Open | Type: Information | Presenter: Chairperson

Item 12

Item 13 - Tactical Investment Strategy Discussion (Gov. Code, sec. 11126(c)(16))

Session: Closed | Type: Information | Presenter: June Kim, David Murphy, Rosie Lucchesini-Jack, and Geraldine Jimenez

Item 14 - Confer with and Receive Advice from Legal Counsel Regarding Pending Litigation (Gov. Code, sec. 11126(e))

Session: Closed | Type: Information | Presenter: Chairperson

Item 15 - Approval of Minutes of November 6, 2024, Investment Committee Meeting – Closed Session (Gov. Code, sec 11126)

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

Compensation Committee - 2:45 p.m. 

Item 1 - Approval of Agenda

Session: Open | Type: Action | Presenter: Chairperson

Item 01Attachment 01

Item 2 - Board Education: TRB Compensation Policy

Session: Open | Type: Information | Presenter: Kristel Turko / Peter Landers, Global Governance Advisors

Item 02Presentation 01

Item 3 - Approval of the Minutes of the September 25, 2024, Compensation Committee Meeting – Open Session

Session: Open | Type: Consent Action | Presenter: Kristel Turko / Peter Landers, Global Governance Advisors

Item 03

Item 4 - Review of Information Requests

Session: Open | Type: Information | Presenter: Chairperson

Item 5 - Draft Agenda for the Next Committee Meeting

Session: Open | Type: Information | Presenter: Chairperson

Item 05

Item 6 - Opportunity for Statements from the Public

Session: Open | Type: Information | Presenter: Chairperson

January 9, 2025

Regular Meeting - 9:00 a.m. 

Item 1 - Approval of Agenda 

Session: Open | Type: Action | Presenter: Chairperson

Item 01Attachment 01

Item 2 - Approval of Minutes of the November 7, 2024, Regular Meeting – Closed Session (Gov. Code, sec. 11126)

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

Item 3 - Committee Reports (Gov. Code, Sec. 11126)

  • 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: Information | 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 06

Item 7 - CalSTRS Strategic Plan 2025-28 – First Reading

Session: Open | Type: Information | Presenter: Cassandra Lichnock / Amy McDuffee, Mosaic Governance Advisors

Item 07Attachment 01Presentation 01

Item 8 - Pension Solution Project Update

Session: Open | Type: Information | Presenter: Anthony Suine / Chriss Cabodi, Guidehouse

Item 08Attachment 01Presentation 01Presentation 02

Item 9 - State and Federal Legislation

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

Item 09Attachment 01Attachment 02Attachment 03

Item 10 - 2025-2026 Board Meeting Calendar

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

Item 10Attachment 01

Item 11a - 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 11b - Approval of Minutes of the November 7, 2024, Regular Meeting – Open Session

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

Item 11b

Item 11c - Board Member Education

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

Item 11c

Item 11d - Contracts Requiring Board Approval

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

Item 11d

Item 12 - Items Referred by Committee for Board Decision

Session: Open | Type: Information | Presenter: Chairperson

Item 13 - New Business / Review of Information Requests

Session: Open | Type: Information | Presenter: Chairperson

Item 14 - Draft Agenda for Next Meeting

Session: Open | Type: Information | Presenter: Chairperson

Item 14

Item 15 - Opportunity for Statements from the Public

Session: Open | Type: Information | Presenter: Chairperson

 

Board Governance Committee - 1:00 p.m. 

Item 1 - Approval of Agenda

Session: Open | Type: Action | Presenter: Chairperson

Item 01Attachment 01

Item 2 - Board Governance Education – Best Practices in Public Pension Board Governance

Session: Open | Type: Information | Presenter: Amy McDuffee, Mosaic Governance Advisors

Item 02Presentation 01

Item 3 - Policy Revision and/or Creation – Board Charter – Concept Introduction

Session: Open | Type: Information | Presenter: Amy McDuffee and Saba Hashmi, Mosaic Governance Advisors

Item 03Attachment 01Presentation 01

Item 4 - Policy Revision and/or Creation – Duties of the Vice-Chair – First Reading

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

Item 04Attachment 01Attachment 02

Item 5 - General Counsel’s Governance Report

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

Item 05Attachment 01Attachment 02Attachment 03Attachment 04Attachment 05Attachment 06

Item 6 - Approval of the Minutes of the September 26, 2024, Board Governance Committee Meeting – Open Session

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

Item 06

Item 7 - Review of Information Requests

Session: Open | Type: Information | Presenter: Chairperson

Item 8 - Draft Agenda for Next Committee Meeting

Session: Open | Type: Information | Presenter: Chairperson

Item 08

Item 9 - Opportunity for Statements from the Public

Session: Open | Type: Information | Presenter: Chairperson

Benefits and Services Committee - 2:35 p.m. 

Item 1 - Approval of Agenda

Session: Open | Type: Action | Presenter: Chairperson

Item 01Attachment 01

Item 2 - Approval of Minutes of the September 26, 2024, Benefits and Services Committee Meeting – Open Session

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

Item 02

Item 3 - Customer Experience Update

Session: Open | Type: Information | Presenter: Kate LeBlanc / Jennifer Hall, Accenture

Item 03Presentation 01

Item 4 - AB 1997 Changes to Creditable Compensation Simplification – What’s Changing?

Session: Open | Type: Information | Presenter: Jeff Zimmer / Joycelyn Martinez-Wade

Item 04Presentation 01

Item 5 - Review of Information Requests

Session: Open | Type: Information | Presenter: Chairperson

Item 6 - Draft Agenda for the Next Committee Meeting

Session: Open | Type: Information | Presenter: Chairperson

Item 06

Item 7 - Opportunity for Statements from the Public

Session: Open | Type: Information | Presenter: Chairperson