CalSTRS Board Proposes Campaign Contribution Restrictions

September 7, 2007 ( - The board of the California State Teachers' Retirement System (CalSTRS) has proposed a regulation that would restrict campaign contributions to board members in an effort to "protect the system's integrity."

According to a  press release , the proposed regulations by the CalSTRS board include:

  • 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; and
  • Disqualify a party in violation of the regulations from engaging in future or additional business with CalSTRS for a period of two years.

As pension fiduciaries and strong advocates of good governance practices, we felt these regulations were an important step that sends a strong message to our business partners and membership that protecting the system s integrity is paramount,  said Jack Ehnes, CalSTRS chief executive officer, in the press release.