CalSTRS board trustees certified for four-year term
Teachers’ Retirement Board member representatives will serve through 2023
WEST SACRAMENTO, Calif. (January 16, 2019) – The California State Teachers’ Retirement System today announced the certification of three member representatives to the CalSTRS governing board. The members will each serve a four-year term, which begins January 1, 2020.
The three candidates, two who represent pre-kindergarten to 12th grade educators and one who represents community college educators, were not opposed and were certified elected by CalSTRS Chief Executive Officer Jack Ehnes.
Current Board Chair Dana Dillon, an intermediate school teacher from Weed, CA, who has been on the Teachers’ Retirement Board since January 1, 2004, will vacate her seat when her term expires on December 31, 2019.
“I’m so proud to have served my fellow educators as a board member for the last 15 years and I look forward to my last year.”
Teachers’ Retirement Board Chair
“I’m so proud to have served my fellow educators as a CalSTRS board member for the last 15 years and I look forward to my last year on the board. I have to say though, that I look even more forward to experiencing CalSTRS as a beneficiary, as I plan to retire at the end of my term,” Ms. Dillon said. “I cannot say enough about the knowledge, care and rigor with which my board colleagues safeguard the financial futures of our more than 949,000 members. It has also been my distinct pleasure, and a real education, to work with the top-tier CalSTRS staff who diligently collect, carefully invest and efficiently disperse the funds so important to our members’ peace of mind and retirement.”
The two incumbents are:
- Harry M. Keiley, a high school teacher with the Santa Monica-Malibu Unified School District. He was first elected to the Teachers’ Retirement Board in 2007 and served as vice chair from 2010 to 2014. In 2011 he was elected for a second term. Mr. Keiley served as board chair from 2014 to 2016 and has served as chair of the Investment Committee since 2016. He has served as the president of the Santa Monica-Malibu Classroom Teachers Association. He has also completed the UCLA Anderson School of Business Program for Trustees. Mr. Keiley’s re-election has been certified for the pre-kindergarten to 12th grade (inclusive) seat.
- Sharon Hendricks, a communications studies professor with the Los Angeles Community College District. She was first elected to the Teachers’ Retirement Board in 2011. Ms. Hendricks was elected as vice chair in 2014 and was re-elected for the 2015–2016 term. She also serves as treasurer of the American Federation of Teachers, local 1521 chapter at Los Angeles College Faculty Guild. Ms. Hendricks is active in the Community College Council of the California Federation of Teachers. Ms. Hendricks’ re-election has been certified for the community college seat.
Replacing Board Chair Dana Dillon, who did not seek re-election, is:
- Denise Bradford, an elementary school teacher in the Saddleback Valley Unified School District, Mission Viejo, CA. She is a new-educator mentor and curriculum leader. Ms. Bradford has served as chair of the California Teachers’ Association’s Retirement Committee since June 2015. She is also president of the Saddleback Valley Educators Association representing 1,200 educators. Ms. Bradford’s election has been certified for the pre-kindergarten to 12th-grade (non-administrator) seat.
The California State Teachers’ Retirement System, with a portfolio valued at $214.9 billion as of December 31, 2018, is the largest educator-only pension fund in the world. CalSTRS serves California’s more than 949,000 public school educators and their families from the state’s 1,700 school districts, county offices of education and community college districts. A hybrid retirement system, CalSTRS administers a combined traditional defined benefit, cash balance and voluntary defined contribution plan. CalSTRS also provides disability and survivor benefits. CalSTRS members retire on average after more than 25 years of service, with a median retirement age of 62.9, and a monthly pension of approximately $4,475, which is not eligible for Social Security participation. For more data, download the CalSTRS Fast Facts 2017 brochure.
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