CalSTRS Mourns the Sudden Passing of Former CEO Jim Mosman
Mr. Mosman leaves a long legacy of state and public service
WEST SACRAMENTO, Calif. – The California State Teachers’ Retirement System’s (CalSTRS) Chief Executive Officer Jack Ehnes expressed his sadness at the passing, on Tuesday November 4, of former CalSTRS CEO Jim Mosman in his longtime hometown of Sacramento. Mr. Mosman led CalSTRS for 12 years from 1988 until 2001.
Upon resigning from CalSTRS to become the Executive Director of the National Council on Teacher Retirement (NCTR), Mr. Mosman stated, “I have immensely enjoyed my 30-year career in state government, and the 12 years with CalSTRS have been the most rewarding. I am particularly proud of the improvement in benefits and services to the active and retired members.”
Today, CalSTRS CEO Jack Ehnes stated: “We have many long-tenured employees here who worked with Jim for his many years of leadership. Our deepest sympathies go out to Jim’s family. We have lost a man who thoroughly embraced and championed the security of teacher pensions; who led by his word and followed through on his promises.”
During Mr. Mosman’s tenure, the CalSTRS investment portfolio grew from $24.3 billion to $105 billion as membership increased to 661,000 members and benefit recipients.
Mr. Mosman’s career in state government began in 1971. He was director of the California Department of Personnel Administration from 1985 to 1988 and served on the California Public Employees’ Retirement System board during that period.
More information on Mr. Mosman’s legacy and funeral services can be found on the NCTR website at www.nctr.org.
The California State Teachers’ Retirement System, with a portfolio valued at $186.4 billion as of September 30, 2014, 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 868,000 public school educators and their families from the state’s 1,600 school districts, county offices of education and community college districts.