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Teachers’ Retirement Board appointment
28 January 2014
Joy Higa of Manhattan Beach joins CalSTRS
Teachers’ Retirement Board
California’s Governor Brown has announced the
appointment of Joy Higa to the Teachers’
Retirement Board, which oversees the retirement benefits for
California’s K-12 and community college educators
covered under the California State Teachers’
Retirement System (CalSTRS).
Higa is one of three public members appointed by the
Governor to the 12-member board. The appointment is subject to
The California State Teachers’ Retirement
System, with a portfolio valued at $181.1bn as of December 31
2013, is the largest educator-only pension fund in the world.
It administers a hybrid retirement system, consisting of
traditional defined benefit, cash balance and voluntary defined
contribution plans and also provides disability and survivor
benefits. CalSTRS serves California's 862,000 public school
educators and their families from the state’s
1,600 school districts, county offices of education and
community college districts.