Governor Announces Appointment to the CalSTRS Board
Joy Higa of Manhattan Beach named to the 12-member board
WEST SACRAMENTO, Calif. – Governor Brown announced today the appointment of Joy Higa to the Teachers’ Retirement Board, which oversees the retirement benefits for California’s K-12 and community college educators covered under the California State Teachers’ Retirement System (CalSTRS).
Ms. Higa is one of three public members appointed by the Governor to the 12-member board. The appointment is subject to Senate confirmation.
More information about Ms. Higa’s appointment is available on the Governor’s website.
More information about the composition of the CalSTRS board is available on the CalSTRS Board Member website.
The California State Teachers’ Retirement System, with a portfolio valued at $181.1 billion as of December 31, 2013, is the largest educator-only pension fund in the world. CalSTRS administers a hybrid retirement system, consisting of traditional defined benefit, cash balance and voluntary defined contribution plans. CalSTRS also provides disability and survivor benefits. CalSTRS serves California’s 862,000 public school educators and their families from the state’s 1,600 school districts, county offices of education and community college districts.