Board Members

Board Members

Overview

The CalSTRS Teachers’ Retirement Board includes:

  • Three member-elected positions representing current educators.
  • A retired CalSTRS member appointed by the Governor and confirmed by the Senate.
  • Three public representatives appointed by the Governor and confirmed by the Senate.
  • A school board representative appointed by the Governor and confirmed by the Senate.
  • Four board members who serve in an ex-officio capacity by virtue of their office: Director of Finance, State Controller, State Superintendent of Public Instruction, and State Treasurer.

Board members, excluding the ex-officio members, serve four-year terms.

The board has six standing committees: Appeals, Audits and Risk Management, Benefits and Services, Board Governance, Compensation and Investments.

The board appoints a Chief Executive Officer to administer the system consistent with the board’s policies and rules. The board also selects a Chief Investment Officer to direct the investment of the Teachers’ Retirement Fund in accordance with board policy.

Communication With the Board

The board welcomes your comments. If you would like to contact a member of the board, please use the following:

Profile ElectedTerm: 01/01/16 - 12/31/19

Sharon Hendricks
Board Chair, Community College Instructor

Photo of Sharon Hendricks

Sharon Hendricks, a communication studies instructor at Los Angeles City College for the past 15 years, was elected in 2011 to the California State Teachers’ Retirement Board. While on the board, she has advocated for the development of investment beliefs, transparency on investment fees, and managing environmental, social and governance risks like climate change, corporate board diversity and fair labor practices.

Sharon also serves faculty as Treasurer and Retirement Liaison for the 5,000 full and part-time faculty members of the Los Angeles College Faculty Guild, AFT 1521. She is active in the Community College Council of the California Federation of Teachers and serves on the working group for the Trustee Leadership Forum for Retirement Security at Harvard, the American Federation of Teachers Trustee Council and the California Trustee Network.  She recently co-founded Trustees United, a trustee led initiative focused on the investment risk of sexual harassment and misconduct in the workplace.

Sharon Hendricks serves on the following committees:

  • Chair - Compensation Committee
  • Appeals Committee
  • Benefits & Services Committee
  • Board Governance Committee
  • Investment Committee
Profile ElectedTerm: 01/01/16 - 12/31/19

Harry M. Keiley
Board Vice Chair, K-12 Classroom Teacher

Photo of Harry M. Keiley

Harry M. Keiley is a high school teacher with the Santa Monica-Malibu Unified School District, and was elected to the Teachers’ Retirement Board in 2007. He has served as the president of Santa Monica-Malibu Classroom Teachers Association and chair of the California Teachers Association Political Involvement Committee.

Harry Keiley serves on the following committees:

  • Chair - Investment Committee
  • V. Chair - Compensation Committee
  • Appeals Committee
  • Audits & Risk Management Committee
  • Benefits & Services Committee
Profile

Keely Bosler
Ex-Officio Member, Director of Finance

Keely Bosler

Keely Bosler was appointed as Director of the California Department of Finance by Governor Jerry Brown in August 2018. She serves as the Governor’s chief fiscal policy advisor. Prior to becoming Director, she served as Cabinet Secretary in the Office of the Governor from 2016 to 2018. Director Bosler served as Chief Deputy Director for budget at the Department of Finance from 2013 to 2016.

Ms. Bosler was Staff Director for the California State Senate Budget and Fiscal Review Committee from 2010 to 2013, where she was a consultant from 2004 to 2009. She served as Associate Director for fiscal services at the California Department of Corrections and Rehabilitation’s Budget Management Branch from 2009 to 2010, and as a Fiscal and Policy Analyst at the California Legislative Analyst’s Office from 2000 to 2004.

Ms. Bosler earned a Master of Science degree in applied economics from Cornell University.

Keely Bosler serves on the following committees:

  • Audits & Risk Management Committee
  • Benefits & Services Committee
  • Board Governance Committee
  • Compensation Committee
  • Investment Committee
Profile ElectedTerm: 01/01/16 - 12/31/19

Dana Dillon
K-12 Classroom Teacher

Dana Dillon

A strong advocate for members, Dana Dillon has been a K-8 elementary school teacher for 36 years in the Weed Union Elementary School District. She has served on the board since her election in 2003, including stints as chair and vice chair, as well as serving on several board committees.

Ms. Dillon has been active in the California Teachers Association for all 36 years, serving as state council representative, chair of CTA’s Retirement Committee, and as a member of the CTA board of directors. Ms. Dillon also served as a director on the National Education Association board of directors. She holds a bachelor’s degree in liberal studies from California State University, Chico, where she earned her multiple-subject and library media teaching credentials. 

Dana Dillon serves on the following committees:

  • Chair - Appeals Committee
  • V. Chair - Benefits & Services Committee
  • Board Governance Committee
  • Compensation Committee
  • Investment Committee
Profile AppointedTerm: 01/19/18 - 12/31/21

Joy Higa
Public Representative

Joy Higa

Joy Higa is the vice president, regulatory affairs, for UnitedHealthcare’s West and Central Regions, where she manages relationships and policy activities with 28 state regulatory agencies. She previously served as deputy chief of staff to the state controller from 2004–2006 and chief deputy cabinet secretary in the Office of the Governor during 2003. She received her Bachelor of Arts from Cornell University.

Joy Higa serves on the following committee:

  • Chair - Audits & Risk Management Committee
  • V. Chair - Investment Committee
  • Benefits & Services Committee
  • Compensation Committee
Profile

Fiona Ma
Ex-Officio Member, State Treasurer

Fiona Ma

Fiona Ma is California’s 34th State Treasurer. She was elected with more votes (7,825,587) than any other candidate for treasurer in the state’s history. She is the first woman of color and the first woman Certified Public Accountant elected to the position.

As California’s head banker, she manages $92 billion in financial assets.

Prior to becoming Treasurer, Fiona was an elected member of the California Board of Equalization and a member of the State Assembly. 

Fiona Ma serves on the following committees:

  • Audits & Risk Management Committee
  • Benefits & Services Committee
  • Board Governance Committee
  • Investment Committee
Profile AppointedTerm: 03/26/19 - 12/31/22

William Prezant
Public Representative

William Prezant

William Prezant is of-counsel in the law firm Prezant & Mollath, where he has represented businesses and fiduciaries. He has served on the Board of Directors of numerous businesses and has chaired the Board of Directors and the Corporate Governance Committee of a NYSE REIT. He has also served as an advisor for the private equity and real estate portfolios for family trusts and presently serves as a strategic advisor to 5P Investment Partners.

While living in Nevada, he served on numerous community boards and was campaign manager for four statewide political campaigns and chaired one presidential campaign. He received his Juris Doctor from Georgetown Law Center.

William Prezant serves on the following committee:

  • Benefits & Services Committee
  • Investment Committee
Profile

Tony Thurmond
Ex-Officio Member, State Superintendent of Public Instruction

Tony Thurmond

Superintendent Thurmond is an educator and social worker who has served the people of California for more than ten years in elected office. Previously, Superintendent Thurmond served on the Richmond City Council, West Contra Costa Unified School Board, and in the California State Assembly, representing District 15.

Much of Superintendent Thurmond’s social service work has focused on improving the services provided to foster youth and directing programs that provide job training to at-risk youth. He also led programs to provide help for individuals with developmental disabilities.

Tony has 12 years of direct experience in education, teaching life skills classes, after-school programs, and career training. Superintendent Thurmond lives in Richmond with his two daughters. They are his inspiration and a constant reminder about the promise of our neighborhood schools and the strong future that every child deserves.

Tony Thurmond serves on the following committees:

  • Audits & Risk Management Committee
  • Benefits & Services Committee
  • Board Governance Committee
  • Investment Committee
Profile AppointedTerm: 1/1/16 - 12/31/19

Nora E. Vargas
School Board Representative

Nora E. Vargas

Nora Vargas has served as the vice president of Community & Government Relations for Planned Parenthood of the Pacific Southwest since 2009. Ms. Vargas is a member of the Southwestern Community College District Governing Board. She is a champion of Hispanas Organized for Political Equality (HOPE) and a board member of the National Association of Latino Elected and Appointed Officials (NALEO). Ms. Vargas has been active in social justice issues for over three decades with a general focus on the advancement of women, access to education, healthcare and Latino issues.

Nora E. Vargas serves on the following committees:

  • V. Chair – Board Governance Committee
  • Audits & Risk Management Committee
  • Benefits & Services Committee
  • Compensation Committee
  • Investment Committee
Profile AppointedTerm: 4/17/17 - 12/31/19

Karen Yamamoto
Retiree Representative

Karen Yamamoto

Karen Yamamoto is a retired elementary school teacher from West Sacramento. Ms. Yamamoto taught second grade for 15 years and retired in 2007. She was a member of the California Department of Education’s Curriculum Development and Supplemental Materials Commission from 1999-2003, acting as Chair in 2003.

Prior to beginning her career as an educator, Ms. Yamamoto also served as a Legislative Assistant to several Assembly Members in the California State Legislature from 1978-1991.  She is currently active in the Asian Pacific Youth Leadership Program and the Japanese American Citizens League, Florin Chapter.

Karen Yamamoto serves on the following committees:

  • Chair - Benefits & Services Committee
  • Appeals Committee
  • Audits & Risk Management Committee
  • Board Governance Committee
  • Investment Committee
Profile

Betty Yee
Ex-Officio Member, State Controller

Betty Yee

Betty Yee became California’s chief financial officer in 2015, following two terms on the Board of Equalization. She has 30 years of experience in public service, specializing in state and local finance and tax policy. Ms. Yee is a member of many financing authorities and oversight entities related to environment, energy, transportation, housing, infrastructure, health and science. She holds a bachelor’s degree in sociology and a master’s degree in public administration.

Betty T. Yee serves on the following committees:

  • Chair - Board Governance Committee
  • V. Chair - Audits & Risk Management Committee
  • Benefits & Services Committee
  • Compensation Committee
  • Investment Committee