Teachers’ Retirement Board elects chair and vice chair
Harry Keiley will serve as chair, and Sharon Hendricks will serve as vice chair
WEST SACRAMENTO, Calif. (May 11, 2020) – The trustees of the California State Teachers’ Retirement System (CalSTRS) elected Harry Keiley as board chair and Sharon Hendricks as vice chair of the Teachers’ Retirement Board for the 2020–21 term.
The 12-member board nominates and elects its chair and vice chair annually, and the newly elected officers assume their posts immediately. The chair and vice chair provide board leadership, direction and policy development for the largest educator-only pension fund in the world.
Harry 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 the Santa Monica-Malibu Classroom Teachers Association and chair of the California Teachers Association Political Involvement Committee. Keiley will also serve as vice chair of CalSTRS’ Investment and Compensation committees.
“I’m grateful for the opportunity to serve as Chairman during this time in CalSTRS’ history,” Keiley said. “For more than 100 years, CalSTRS has met the pension promise to California’s educators. Working in a spirit of collaboration with my fellow board members and our professional staff, we will stay focused on the CalSTRS mission: to ensure the trust and retirement security of California’s educators.”
Sharon Hendricks is a communications studies instructor with the Los Angeles Community College District and was elected to the Teachers’ Retirement Board in 2011. She also serves as treasurer and retirement liaison for the Los Angeles College Faculty Guild, AFT 1521, and is active in the Community College Council of the California Federation of Teachers. In addition to her position as board vice chair, Hendricks will also serve as chair of CalSTRS’ Compensation and Board Governance committees.
“I am grateful to be re-elected by my peers to serve as vice chair of the board. In this time of significant challenge, it is imperative for our board to analyze and oversee systemic risks while trusting in the reality that we are long-term investors,” Hendricks said. “With a strong board, excellent staff and engaged stakeholders, we will get through these unprecedented times together. I look forward to working with our board chair to accomplish our mission at CalSTRS.”
CalSTRS provides a secure retirement to more than 964,000 members whose CalSTRS-covered service is not eligible for Social Security participation. Members retire on average after more than 24 years in the classroom with a monthly benefit of approximately $4,547. Established in 1913, CalSTRS is the largest educator-only pension fund in the world with approximately $226.9 billion in assets under management as of March 31, 2020. CalSTRS demonstrates its strong commitment to long-term corporate sustainability principles in its annual Global Reporting Initiative Sustainability Report. For more information, visit CalSTRS.com.