News release | Karen Doron
WEST SACRAMENTO, Calif. (August 13, 2020) – The California State Teachers’ Retirement System announced that Governor Newsom has appointed Jennifer Urdan to a four-year term on the California State Teachers’ Retirement Board. The board oversees the retirement benefits for California’s prekindergarten–12 and community college educators covered under CalSTRS.
Urdan is one of three public representatives appointed by the Governor to the 12–member board. The appointment is subject to Senate confirmation.
More information about Urdan’s appointment is available on the Governor’s website.
Urdan joins public representative William Prezant, who was appointed in 2019 by Governor Newsom, and Joy Higa, appointed in 2018 by Governor Brown.
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CalSTRS provides a secure retirement to more than 964,000 members whose CalSTRS-covered service is not eligible for Social Security participation. Members retire on average after more than 24 years in the classroom with a monthly benefit of approximately $4,547. Established in 1913, CalSTRS is the largest educator-only pension fund in the world with approximately $246 billion in assets under management as of June 30, 2020. CalSTRS demonstrates its strong commitment to long-term corporate sustainability principles in its annual Global Reporting Initiative Sustainability Report. For more information, visit CalSTRS.com.