New Board Member Appointed to California Teachers’ Pension System
SACRAMENTO — Governor Gray Davis has named Silvia Saucedo as a member of the Teachers’ Retirement Board. Saucedo was appointed to the public representative seat on the 12-member governing body for the California State Teachers’ Retirement System.
Saucedo is an attorney for the law firm of Allen, Matkins, Leck, Gamble & Mallory, LLP, in downtown Los Angeles. She specializes in real estate and land use.
Saucedo is also a member of the board of the Los Angeles Police Commissioners, which oversees the Los Angeles Police Department. She was appointed to the Police Commission by Mayor James Hahn in July 2001.
Saucedo earned her bachelor’s degree in history from the University of California at Los Angeles and a Juris Doctor from the University of Washington School of Law in Seattle.
“As a proud product of public school education I understand the value and importance public educators have in our state,” Saucedo said. “I hold them in high regard and am committed to making sure their portfolio is wisely invested.”
The Teachers’ Retirement Board has exclusive control over the investment and administration of the Teachers’ Retirement Fund. CalSTRS, with a $103 billion portfolio, is the nation’s third largest public pension fund. It administers retirement, disability and survivor benefits for California’s public school educators from kindergarten through community college, serving more than 715,000 members and their survivors.