Calendar Year:
Meeting Agenda:   
Unless otherwise specified, meetings will be held at the following location:
Web Conference
    *** Public Meeting Notice ***
All meeting times are approximate depending upon the end of the previous meeting.
Beginning July 1, 2021, CalSTRS will post materials from the last three years. Please send a request to Board@CalSTRS.com for materials prior to 2018. CalSTRS will also remove the “download all items” feature. Each item will be available to download individually. A combined file with all items will no longer be available.
Board Meeting Video Archive
Beginning December 2010, video of past board meetings are available in the Teachers’ Retirement Board Video Archive.
July 08, 2021
Investment Committee  -  9:00 am
Meeting location:
Web Conference
ItemTitleSessionTypePresenter
1Approval of Committee Agenda OpenActionChairperson
2Opportunities for Statements from the PublicOpenInformationalChairperson
3Approval of Minutes of the June 10, 2021, Investment Committee Meeting – Open SessionOpenConsent/ActionChairperson
4aInvestment Policy Revisions - Real Estate Policy Revision – Agility for Collaborative Model – Second ReadingOpenConsent/ActionChairperson
4bInvestment Policy Revisions - Global Equity Policy Revision – Benchmark – Second ReadingOpenConsent/ActionChairperson
5Investment Committee Charter ReviewOpenConsent/ActionChairperson
6Annual Review of Delegation to StaffOpenConsent/InformationChairperson
7Report Pursuant to Assembly Bill 2833OpenConsent/InformationChairperson
8Collaborative Model Pillar UpdateOpenConsent/InformationChairperson
9Fiscal Year 2021-2022 Investment Committee Work PlanOpenActionChristopher Ailman
10aFiscal Year 2021-2022 Investment Business Plans
a. 10-Year Financial Plan
b. Global Equity
c. Fixed Income
d. Real Estate
e. Private Equity
f. Sustainable Investment & Stewardship Strategies
g. Inflation Sensitive
h. Investment Strategies & Risk
i. Risk Mitigation Strategies
j. Operations
k. Investment Performance & Compliance

OpenActionChristopher Ailman
11Investment Policy & Management Plan Revision – Asset Allocation Weights – First ReadingOpenActionGeraldine Jimenez
12Chief Investment Officer’s ReportOpenInformationalChristopher Ailman
13aInvestment Policy Revisions -- Fixed Income Policy Revision – Risk Budget – First ReadingOpenInformationalGlenn Hosokawa and Rosie Lucchesini-Jack
13bInvestment Policy Revisions -- Sustainable Investment & Stewardship Strategies – Risk Budget – First Reading OpenInformationalKirsty Jenkinson, Josh Diedesch, and Philip Larrieu
13cInvestment Policy Revisions -- Private Equity Policy Revision – Staff Discretion – First ReadingOpenInformationalMargot Wirth and Rob Ross
14Diversity in Management of InvestmentsOpenInformationalJune Kim and LaShae Badelita
15Review of Information RequestsOpenInformationalChairperson
16Draft Agenda for the Next Committee Meeting OpenActionChairperson
17Approval of Minutes of the May 14, 2021 and June 10, 2021, Investment Committee Meeting – Closed Session (Gov. Code, sec 11126)ClosedConsent/ActionChairperson
18Tactical Investment Strategy Discussion (Gov. Code, sec. 11126(c)(16)) ClosedInformationalInvestment Staff and Consultants
19Risk Mitigating Strategies Implementation Update (Gov. Code, sec. 11126(c)(16)) ClosedActionSteven Tong and Jeff Jaro
20Confer with and Receive Advice from Legal Counsel Regarding Pending Litigation (Gov. Code, sec. 11126(e)) ClosedInformationalBrian J. Bartow

NOTE:  
Items designated for information are appropriate for committee action if the committee wishes to take action. Items on the agenda of board committees may be referred to the board for discussion and possible action. Agenda items may be taken out of order with the approval of the Chairperson. Board members who are not members of the committee may attend and observe but may not participate in the discussion of agenda items.
 
July 09, 2021
Audits & Risk Management Committee  -  9:00 am
Meeting location:
Web Conference
ItemTitleSessionTypePresenter
1Approval of Committee Agenda OpenActionChairperson
2Approval of Minutes of the March 5, 2021, Audits and Risk Management Committee – Open Session - RevisedOpenConsent/ActionChairperson
3Progress Report on the 2020 Independent Auditor’s Report on Internal Control Over Financial Reporting and Management LetterOpenConsent/InformationChairperson
42021 Internal Audit Plan Mid-Year Progress ReportOpenActionLarry Jensen/ Roseanne Oyoung
52021 Enterprise Compliance Services Plan Mid-Year Progress ReportOpenInformationalCheryl Dietz
62021 External Quality Assessment ReviewOpenInformationalLarry Jensen
7Draft Agenda for the Next Committee Meeting
OpenInformationalChairperson
8Opportunity for Statements from the PublicOpenInformationalChairperson

NOTE:  
Items designated for information are appropriate for committee action if the committee wishes to take action. Items on the agenda of board committees may be referred to the board for discussion and possible action. Agenda items may be taken out of order with the approval of the Chairperson. Board members who are not members of the committee may attend and observe but may not participate in the discussion of agenda items.
 
Regular Meeting  -  10:00 am
Meeting location:
Web Conference
ItemTitleSessionTypePresenter
1Approval of Agenda OpenActionChairperson
2Proposed Fiscal Year 2021-22 Board/Committee Meeting Work Plan OpenActionChairperson
3CalSTRS Annual Business Plan for 2021-22OpenInformationalCassandra Lichnock
4State and Federal LegislationOpenInformationalJoycelyn Martinez-Wade
5Pension Solution Project UpdateOpenInformationalPrashant Mittal
6Chief Executive Officer ReportOpenInformationalCassandra Lichnock
7aCommittee Reports 1) Investment Committee 2) Appeals Committee 3) Audits and Risk Management Committee 4) Benefits and Services Committee 5) Board Governance Committee 6) Compensation Committee OpenConsent/ActionChairperson
7bApproval of Minutes of the June 9, 2021, Regular Meeting Open SessionOpenConsent/ActionChairperson
7cBoard Member Education - RevisedOpenConsent/ActionChairperson
7dContracts Requiring Board ApprovalOpenConsent/ActionChairperson
7eReview of CEO DelegationOpenConsent/ActionChairperson
7fReview of Board Officer and Committee DelegationOpenConsent/ActionChairperson
8Items Referred by Committee for Board DecisionOpenInformationalChairperson
9New Business / Review of Information RequestsOpenInformationalChairperson
10Draft Agenda for Next Meeting - RevisedOpenInformationalChairperson
11Opportunity for Statements from the PublicOpenInformationalChairperson
12Evaluation of CIO Base Salary Adjustment (Gov. Code, sec. 11126(a), (b), (g)(1))ClosedActionChairperson
13Setting of CEO Performance Targets for the 2021-22 Performance Year (Gov. Code, sec. 11126(a), (b), (g))ClosedActionChairperson
14Approval of Minutes of the June 9, 2021, Regular Meeting – Closed Session (Gov. Code, sec. 11126)ClosedConsent/ActionChairperson
15Committee Reports (Gov. Code, Sec. 11126) a. Investment Committee b. Appeals Committee ClosedConsent/InformationChairperson
16Chief Executive Officer Briefing on Performance and Personnel Issues (Gov. Code, sec. 11126(a), (b), (g))ClosedInformationalCassandra Lichnock
17Confer with and Receive Advice from Legal Counsel Regarding Pending Litigation (Gov. Code, sec. 11126(e))ClosedInformationalBrian J. Bartow

NOTE:  
Items designated for information are appropriate for board action if the board wishes to take action. Agenda items may be taken out of order with the approval of the Chairperson.
 
PowerPoint Presentations  
ItemTitleSessionTypePresenter
1Investment Committee Item 12 - Chief Investment Officer’s ReportOpenInformationalChristopher Ailman
2Investment Committee Item 13a - Fixed Income Policy Revision – Risk Budget – First ReadingOpenInformationalGlenn Hosokawa and Rosie Lucchesini-Jack
3Investment Committee Item 13b - Sustainable Investment & Stewardship Strategies – Risk Budget – First Reading OpenInformationalKirsty Jenkinson, Josh Diedesch, and Philip Larrieu
4Investment Committee Item 13c - Private Equity Policy Revision – Staff Discretion – First ReadingOpenInformationalMargot Wirth and Rob Ross
5Investment Committee Item 14 - Diversity in Management of InvestmentsOpenInformationalJune Kim and LaShae Badelita
6Regular Meeting Item 3 - CalSTRS Annual Business Plan for 2021-22OpenInformationalCassandra Lichnock

NOTE: