Governor Brown Reappoints Tom Unterman and Nora Vargas to CalSTRS Board

News release Michael Sicilia

WEST SACRAMENTO, Calif. – Governor Edmund G. Brown announced yesterday the reappointment of Tom Unterman and Nora Vargas 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. Both appointments are subject to Senate confirmation.

Mr. Unterman was first appointed to the board in July 2013. Mr. Unterman is one of three public members appointed by the Governor to the 12-member board. He currently serves on the following board committees:

  • Board Governance Committee
  • Compensation Committee
  • Investment Committee

More information about Mr. Unterman’s reappointment is available on the Governor’s website.

Ms. Vargas was first appointed to the board in April 2015. She is the school board representative appointed by the Governor to the 12–member board. She currently serves on the following board committees:

  • Board Governance Committee
  • Compensation Committee
  • Investment Committee

More information about Ms. Vargas’ reappointment is available on the Governor’s website.

Follow this link for information on the full Teachers’ Retirement Board.

The California State Teachers’ Retirement System, with a portfolio valued at $188.4 billion as of November 30, 2015, 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 879,000 public school educators and their families from the state’s 1,700 school districts, county offices of education and community college districts.

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