News release | Karen Doron
WEST SACRAMENTO, Calif. (November 8, 2021) – The California State Teachers’ Retirement System today announced that Governor Newsom has appointed Ken T. Tang to the Teachers’ Retirement Board. The board oversees the retirement benefits for California’s pre-kindergarten through community college public school educators who are covered under CalSTRS.
Tang is the school board representative appointed by the Governor to the 12–member board, and his term lasts through December 31, 2023. The appointment is subject to Senate confirmation.
More information about Tang’s appointment is available on the Governor’s website.
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CalSTRS provides a secure retirement to more than 980,000 members and beneficiaries whose CalSTRS-covered service is not eligible for Social Security participation. On average, members who retired in 2020–21 had 25 years of service and a monthly benefit of $4,813. Established in 1913, CalSTRS is the largest educator-only pension fund in the world with $312.2 billion in assets under management as of September 30, 2021. 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.