CalSTRS is the first public pension fund in California to pursue ethics reform of this scope.

CalSTRS Campaign Contribution Regulations became effective November 28, 2007. They underscore CalSTRS commitment to operate at the highest ethical level, and to guard against the appearance of “pay to play” on investment decisions.

A full copy of the regulations, California Code of Regulations, title 5, sections 24010-24013, Investment Relationships and Campaign Contributions, is available for review.

The regulations in part:

• Restrict campaign contributions to board members and the Governor to no more than $1,000 individually or $5,000 in the aggregate for a 12-month period.
• Require board members to recuse themselves when such a campaign contribution is received.
• Disqualify a party in violation of the regulations from engaging in future or additional business with CalSTRS for a period of two years.

CalSTRS Investments requires all firms to comply with these regulations. For instructions go to Required Disclosure Filings.

For accessible versions of files on this page, contact ADACoordinator@CalSTRS.com.