Teachers’ Retirement Board Re-Elects Chair and Vice Chair
Harry Keiley will remain as chair; Sharon Hendricks will serve again as vice chair
WEST SACRAMENTO, Calif. – The trustees of the California State Teachers’ Retirement System (CalSTRS) yesterday returned Harry Keiley as board chair and Sharon Hendricks as vice chair for the 2015-16 term.
The 12-member 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, direction and policy development for the largest educator-only pension fund in the world.
Mr. Keiley has served as board chair since 2014. Previously, he served as vice chair for four years. He 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.
“I’m honored to serve another year as board chair and to continue CalSTRS’ leadership as an investor focused on meeting our investment assumptions to create a secure retirement for our members while making progress on important issues such as executive pay, diversity on corporate boards of directors and overall sustainability.” said Mr. Keiley.
Ms. 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 president of the American Federation of Teachers, local 1521 chapter at Los Angeles City College. Ms. Hendricks is active in the Community College Council of the California Federation of Teachers.
“Nothing is more important to me than providing a secure retirement for my educator colleagues throughout the state, and I am thrilled to serve once again, offering guidance to CalSTRS as it works diligently to make that security a reality,” said Ms. Hendricks.
The California State Teachers’ Retirement System, with a portfolio valued at $190.8 billion as of February 28, 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.