California Penions Power Call Wednesday

california pension powerCalifornia Public School Teachers & CA Community College Instructors & Staff

Marcy Winograd & California Pension Power Invite You

To Meet the CALSTRS Candidates Before You Vote (Election: Oct-Nov.)

Participate in a statewide conference call with the candidates.

Wednesday, October 5th, 7-8 pm
Dial 661-673-8600; Access Code: 845702#
RSVP & Submit a Question in Advance to: Marcyteach@gmail.com

Format

Candidates will each be given 90 seconds for an opening statement and 1 minute for a closing statement. The rest of the time the moderators (Marcy Winograd & Cris Gutierrez) will pose questions that have either been submitted in advance (submit to Marcyteach@gmail.com) or
emailed during the conference call.

Only active CALSTRS members (contributing CA public teachers & CA community college instructors and staff) can vote in this election.

The CALSTRS election will occur between October 1, 2011, and November 30, 2011.

Ballots with candidate statements will be mailed to eligible active members of the CalSTRS Defined Benefit Program and eligible active participants of the CalSTRS Cash Balance Benefit Program on October 1, 2011.

Read the 8 Candidate Statements

CALSTRS

CALSTRS manages a 130-billion dollar retirement fund, with investments in Bank of America, Wal Mart, Exxon, Chevron, Caterpillar, and other sponsors of the American Legislative Exchange Council (ALECwatch.org), which writes and passes legislation to bust unions, privatize education,
criminalize immigrants, and strip environmental regulations.

Read the 2010 CALSTRS Quarterly Report:

About CALSTRS – From Wikipedia

The California State Teachers’ Retirement System (CalSTRS) provides retirement, disability and survivor benefits for California’s 852,316 prekindergarten through community college educators and their families.
CalSTRS was established by law in 1913 and is part of the California State and Consumer Services Agency.

As of September 2010, CalSTRS is the largest teachers’ retirement fund in the United States. CalSTRS is also currently the eighth largest public pension fund in the world.

The Teachers’ Retirement Board sets policies, makes rules for and administers CalSTRS.
The board is also responsible for ensuring benefits are paid by the system in accordance with law.

The 12-member Teachers’ Retirement Board is made up of:

  • Three member-elected positions representing current educators
  • Five members appointed by the Governor of California and confirmed by the California Senate
  • A retired CalSTRS member
  • Three public representatives
  • A school board representative
  • Four ex-officio members:
    • Director of Finance
    • State Controller
    • State Superintendent of Public Instruction
    • State Treasurer

459,000 Active Members (as of 2009)
Total members (847,000)

Mission Statement of California Pension Power

California Pension Power’s mission is to promote transparency and democracy within the employee retirement systems, encourage investment in socially-responsible California job creation, and mobilize the power of the pensions to promote a sustainable peace-time economy. (web site under construction)

Marcy Winograd

Published by the LA Progressive on October 2, 2011
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About Marcy Winograd

Marcy Winograd is a blogger, activist, and public school teacher in Los Angeles. You can follow her on twitter: marcywinograd