Dana Dillon Elected Chair of CalSTRS Board
Harry M. Keiley elected Vice Chair
WEST SACRAMENTO, CA – The trustees of CalSTRS, the California State Teachers’ Retirement System, unanimously elected Dana Dillon as chair and Harry M. Keiley as vice chair for the 2012-2013 term at their meeting, Thursday April 12, 2012.
The 12-member Teachers’ Retirement Board nominates and elects its chair and vice chair annually. Trustees serve four-year terms. The officers provide leadership to the board as they develop policies and provide direction for the nation’s largest teacher pension fund. The new officers assume their posts immediately.
“I am honored to represent over 850,000 of California’s educators as a trusted fiduciary leading the CalSTRS board. I’m prepared to proactively address the opportunities and challenges ahead of us this year. I look forward to spirited and serious discussions that lead to consensus among my board colleagues,” said Dana Dillon.
Dana Dillon is an intermediate grade school teacher from Weed. She has served on the board since her election in 2003, including stints as chair and vice-chair. Ms. Dillon has been active in the California Teachers Association for more than 26 years, serving as state council representative, and was recently elected to the board of directors.
“It’s an exciting time to be on the CalSTRS board in a leadership role as pensions are front and center as a topic of public and political discussions. I plan to support and foster the board’s demonstrated willingness to take bold steps to ensure a secure retirement for all CalSTRS members and protect the long-term health of the fund,” said Harry 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’s Political Involvement Committee.
The California State Teachers’ Retirement System, with a portfolio valued at $152 billion as of February 29, 2012, is the largest teacher pension fund and second largest public pension fund in the United States. CalSTRS administers a hybrid retirement system, consisting of a traditional defined benefit, cash balance and defined contribution plan, as well as disability and survivor benefits. CalSTRS serves California’s 856,000 public school educators and their families from the state’s 1,600 school districts, county offices of education and community college districts.