CalSTRS can apparently wait to cut its estimated investment return to UC level

From the Sacramento Bee:

The CalSTRS board Friday postponed a crucial decision on reducing its investment-return forecast because two of its members were absent. Jack Ehnes, chief executive of the California State Teachers' Retirement System, said the board wanted every one of its 12 members present for the decision. The vote is now set for Dec. 2.

CalSTRS' staff has recommended that the forecast of annual returns be cut by half a percentage point, to 7.5 percent...

Note that if CalSTRS and CalPERS eventually go to our 7.5%, we can no longer claim to be more conservative than the two big state funds.

Full article at http://www.sacbee.com/2010/11/06/3163756/calstrs-delays-vote-on-returns.html#mi_rss=Business

We can wait: