Teachers’ Retirement Board Elects Chair and Vice Chair
Dana Dillon will continue to serve as chair; Sharon Hendricks will continue to serve as vice chair
WEST SACRAMENTO, Calif. (May 11, 2018) – The trustees of the California State Teachers’ Retirement System yesterday elected Dana Dillon as board chair and Sharon Hendricks as vice chair for the 2018-19 term. The Teachers’ Retirement Board nominates and elects its chair and vice chair annually. The newly-elected officers assume their posts immediately. The chair and vice chair provide board leadership for the largest educator-only pension fund in the world.
“In my 15 of years serving on this board, my passion for working on behalf of fellow educators has never been stronger.”
Teachers’ Retirement Board Chair
“In my 15 of years serving on this board, my passion for working on behalf of fellow educators has never been stronger. The recent teacher strikes in Arizona, Colorado, Kentucky, Oklahoma, Texas and West Virginia drive me to do even more to protect the retirement of our own 933,000 members,” said Teachers’ Retirement Board Chair Dana Dillon. “Another term as board chair is my opportunity to provide the leadership necessary for us to fulfill our obligations related to the funding plan.”
Dana Dillon is an elementary or K-8 school teacher from Weed. She has served on the board since 2003, including stints as chair and vice chair. Ms. Dillon has been active in the California Teachers Association for 35 years, serving as state council representative and a member of the board of directors.
“Speaking plainly about the advantages of engagement over divestment has led to broader discussions on ESG factors.”
Teachers’ Retirement Board Vice Chair
“During my current term I’ve focused more on educating members on CalSTRS funding plan and engagement efforts with fossil fuel companies and firearms manufacturers,” said Teachers’ Retirement Board Vice Chair Sharon Hendricks. “Speaking plainly about the advantages of engagement over divestment has led to broader discussions on the impact of ESG factors on the portfolio. In addition, my role on the Investment Committee combined with my background in communications studies has served to dispel myths perpetuated by public pension critics.”
Sharon Hendricks is a communications studies professor with the Los Angeles Community College District and was elected to the Teachers’ Retirement Board in 2011. She also serves as Treasurer of the American Federation of Teachers, local 1521, Los Angeles College Faculty Guild. Ms. Hendricks is active in the Community College Council of the California Federation of Teachers.
The California State Teachers’ Retirement System, with a portfolio valued at $224.8 billion as of April 30, 2018, is the largest educator-only pension fund in the world. CalSTRS serves California’s more than 933,000 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.
See how CalSTRS demonstrates its strong commitment to long-term corporate sustainability principles in its annual Global Reporting Initiative sustainability report: Global Stewardship at Work.