CalSTRS is an agency of the State of California and the nation’s second largest public pension fund, providing retirement related benefits to over 800,000 members and beneficiaries. 17.
Just so, what is State Street Retiree?
It is a retirement plan administrator.
In respect to this, what is State Street investments?
State Street (NYSE: STT) is a custody banking giant which provides Investment Servicing (e.g. asset servicing, foreign exchange & other trading, fund services, liquidity services, securities lending) and Investment Management service to its clients.
How does State Street make money?
Foreign Exchange & Other Trading– It refers to the revenue from Trading Services and Securities Financing. Securities Finance & Other– It consists of fees revenue from structured products business, software licensing and maintenance, among others.
About State Street Corp
Investment servicing line of business performs functions, such as providing institutional investors with clearing, settlement and payment services. The Company operates investment management line of business through State Street Global Advisors (SSGA).
The company decided to match 50% of all savings up to 6% of a participant’s eligible Wages.