February 26, 2002 |
The California State Teachers' Retirement System filed a motion Monday to be named lead plaintiff in nearly 20 consolidated lawsuits against Homestore.com Inc. and several former executives. The move is another example of pension funds seeking to spearhead efforts to recover damages from companies alleged to have used phony accounting to attract investors. Major pension funds also are aggressively seeking damages from Enron Corp.
April 14, 2000 |
The chief investment officer of the nation's third-largest public pension fund, the California State Teachers' Retirement System, has tendered his resignation, effective July 15. The pension fund said late Thursday that Patrick Mitchell will leave to pursue other opportunities. Under Mitchell's direction, the investment portfolio grew from $74.8 billion in June 1997 to $113.6 billion by March 31 of this year, the pension fund said in a statement. The fund posted an 18.
April 6, 2000 |
In preparation for possible unloading of its tobacco holdings, the investment committee of the $110-billion state teachers' pension fund directed its chief investment officer Wednesday to draft a divestment policy. The move comes amid growing pressure by teachers' groups and state Treasurer Phil Angelides on the California State Teachers Retirement System to divest $319 million in tobacco stocks.
CALIFORNIA | LOCAL
February 2, 2000 |
With a slow-growth initiative looming, the California Teachers Retirement System is withdrawing its construction plans for Newport Center on the heels of the Irvine Co.'s decision last week to halt its development plans there. In a surprise move Jan. 27, Irvine Co. Executive Vice President Gary H. Hunt withdrew plans for expansion of the center, citing a slow-growth measure going before Newport Beach voters Nov. 7.
January 7, 2000 |
The state's influential teachers pension fund voted Thursday to develop a model under which public school teachers could receive health benefits directly from doctors, rather than buying insurance through a traditional health plan.
January 6, 2000 |
A controversial proposal to bypass insurers and contract directly with doctors to provide health coverage for 500,000 current and retired teachers is set to come before the health benefits committee of the State Teachers Retirement System board in Sacramento today.
December 24, 1999 |
Treasurer Phil Angelides announced Thursday that he is urging that the huge state teachers' pension fund consider divesting itself of all tobacco stocks, joining the Los Angeles teachers union, which issued a similar call last month. Angelides also said Thursday that he will not invest any of the $33 billion in state money he manages in tobacco stocks, continuing a trend. Since 1995, the treasurer's office has not invested in tobacco stocks.
December 21, 1999 |
A key task force advising the California State Teachers Retirement System on Monday recommended that the pension fund bypass established managed-care plans in favor of direct contracts with doctors and hospitals when providing health care for its 500,000 active and retired members.
December 14, 1999 |
Two of California's largest and most influential pension funds are considering dumping the managed care plans that provide their members with health insurance and contracting directly with doctors and hospitals instead. If enacted, such moves by the California State Teachers Retirement System and the California Public Employees' Retirement System, which together represent about 1.5 million people, would change the face of health care in California and perhaps across the nation.