Cal STRS - Teachers' Retirement Board

Teachers' Retirement Board

The Teachers’ Retirement Board sets policies, makes rules for and administers CalSTRS. The board is also responsible for ensuring benefits are paid by the system in accordance with law.

The 12-member Teachers’ Retirement Board is made up of:

  • Three member-elected positions representing current educators
  • Five members appointed by the Governor of California and confirmed by the California Senate
    • A retired CalSTRS member
    • Three public representatives
    • A school board representative
  • Four ex-officio members:
    • Director of Finance
    • State Controller
    • State Superintendent of Public Instruction
    • State Treasurer

In February 2002, the board appointed Jack Ehnes as Chief Executive Officer of CalSTRS to administer the system consistent with the board’s policies and rules. The board also selects a Chief Investment Officer, currently Christopher J. Ailman, to direct the investments of the Teachers’ Retirement Fund in accordance with board policy.

Read more about this topic:  Cal STRS

Famous quotes containing the words retirement and/or board:

    Convent. A place of retirement for women who wish for leisure to meditate upon the sin of idleness.
    Ambrose Bierce (1842–1914)

    During depression the world disappears. Language itself. One has nothing to say. Nothing. No small talk, no anecdotes. Nothing can be risked on the board of talk. Because the inner voice is so urgent in its own discourse: How shall I live? How shall I manage the future? Why should I go on?
    Kate Millett (b. 1934)