On the same basis, the funded status is 60% for CalSTRS and 72% for UCRP.

FORBES: New Study: With Giant Pension Debts, California Is Screwed

These include giant state funds like CALPERS and CALSTRS. As trustees, pension fund managers truly are fiduciaries.

FORBES: Shareholders, Shake Off Your Apathy And Vote To Stop Tom Ward And Michael Dell

Relational Investors, a hedge fund, worked with CalSTRS, California's state pension fund for teachers, to fight against overgenerous executive pay at Occidental Petroleum, an oil company.

ECONOMIST: Shareholder activism

They took up a proposal submitted by the California Treasurer, Bill Lockyer, who requested that Calstrs disinvest from those gun makers whose semi-automatic products are banned from the state.

FORBES: Gun Makers Take One to the Gut

The pension fund, which goes by the initials CalSTRS, "believes Wal-Mart's board is dominated by directors beholden to the Walton family rather than shareholders, " the fund's governing board said in a statement.

CNN: STORY HIGHLIGHTS

"By utilizing the derivative action, CalSTRS is seeking to remedy the damages sustained by Wal-Mart as a result of alleged gross misconduct by Wal-Mart's executive officers and directors, " CalSTRS Chief Executive Officer Jack Ehnes said in a statement.

CNN: STORY HIGHLIGHTS