News release | Thomas Lawrence
WEST SACRAMENTO, Calif. (December 12, 2022) – For the eighth year, Pensions & Investments magazine has named the California State Teachers’ Retirement System one of the Best Places to Work in Money Management.
Pensions & Investments recently unveiled the results of its 11th annual survey and recognition program, which is dedicated to identifying and honoring the top employers in the money management industry.
"The companies on this year’s Best Places to Work list demonstrate a commitment to building and maintaining a strong workplace culture," said Pensions & Investments executive editor Julie Tatge. "Even as these organizations grappled with volatile markets and stresses from the pandemic, their employees said they felt consistent support from their managers, enabling them to do their best work."
"We’ve persevered through challenging times by focusing on diversity and inclusion, compassion among co-workers, and a strong work ethic," said CalSTRS Chief Investment Officer Christopher J. Ailman. "To receive this distinction once again from Pensions & Investments is humbling and each person at CalSTRS has played a significant role in earning this honor."
The Best Places to Work award-winners are chosen based on workplace policies, practices, philosophy and demographics, as well as an employee survey.
"We’re proud of the way we’ve adapted to a hybrid work environment and global economic challenges," said CalSTRS Deputy Chief Investment Officer Scott Chan. "And this recognition from Pensions & Investments comes at a great time, as we’re now hiring staff with specialized investments experience to help us manage more assets internally, an investment strategy that has saved us more than $1.2 billion over the past five years."
The 2022 Best Places to Work in Money Management award winners are posted online.
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CalSTRS provides a secure retirement to more than 1 million members and beneficiaries whose CalSTRS-covered service is not eligible for Social Security participation. On average, members who retired in 2020–21 had 25 years of service and a monthly benefit of $4,813. Established in 1913, CalSTRS is the largest educator-only pension fund in the world with $297.6 billion in assets under management as of October 31, 2022. CalSTRS demonstrates its strong commitment to long-term corporate sustainability principles in its annual Sustainability Report. For more information, visit CalSTRS.com.