Ed Derman

Ed Derman is the Deputy Chief Executive Officer (DCEO) for Plan Design and Communication at CalSTRS. His responsibilities as DCEO include: managing the ombudsman, actuarial and benefit plan design analysis, state and federal legislation affecting CalSTRS and communications. Benefit counseling, financial education workshops, developing member publications and media relations are part of Derman’s communications management oversight.

During his tenure, Derman developed new programs and resources to enhance members’ retirement options. He developed the Cash Balance Benefit Program for part-time educators, Medicare Premium Payment Program to fund Medicare Part A premiums, and expanded deferred compensation investment programs for school employees through the Pension2^®, 403bComply and 403bCompare programs.

Derman came to CalSTRS from the California State Senate Committee on Appropriations. During his 12 years as a principal consultant to the committee, Derman was responsible for analyzing legislation, providing assistance in policy issues affecting state and local retirement programs, employee compensation, taxation, transportation and local government and state fiscal administration. Prior to his service in the Senate, he worked for two years in the Chancellor’s Office at the California State University and six years as a program analyst at California’s Legislative Analyst’s Office.

Derman is a native of Rochester, New York, and holds a Bachelor of Arts degree from the University of Chicago and both a Master of Public Policy and a Master of Science in Engineering degree from the University of California, Berkeley.