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CalSTRS was established by law in 1913 and is part of the State of California's Government Operations Agency. As of September 2020, CalSTRS is the largest teachers' retirement fund in the United States. CalSTRS is also currently the eleventh largest public pension fund in the world. [2]
CalPERS has received criticism for the number of retirees (26,000 in 2018) who collect over $100,000 a year in pension. That group of people, while less than 4 percent of the total number of retirees receiving benefits from CalPERS, collect 17 percent of the total yearly pension payouts. [14]: 1
State of California - Official website; California State Government Organization Archived 2010-10-06 at the Wayback Machine - Chart showing a hierarchy of the above departments and commissions
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CalSTRS is currently investing out of its fifth fund, a $250 million fund from 2021, and Ross estimated there is approximately $80 million from that fund left to deploy.
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Caltrans District 7 Headquarters in Los Angeles, designed by Thom Mayne. Caltrans District 8 Headquarters in San Bernardino Caltrans headquarters in Sacramento. The earliest predecessor of Caltrans was the Bureau of Highways, which was created by the California Legislature and signed into law by Governor James Budd in 1895. [7]