Mary Higbee always wanted to teach but didn’t earn her credential until she was in her 40s. She made up for lost time by heading to Africa after retirement where she and her husband helped open Hope and Resurrection Secondary School in South Sudan and also trained teachers in Kenya and Tanzania. How did you end up teaching in Africa after retirement? I’ve always felt the need to give back. When I turned 60, I thought well, this window of opportunity isn’t going to be here CALIFORNIA STATE TEACHERS’ RETIREMENT SYSTEM SEMIANNUAL NEWSLETTER FOR CalSTRS BENEFIT RECIPIENTS INSIDE 2 Pay dates for 2020 3 Understanding your 1099-R 4 CalSTRS releases 2018–19 Sustainability Report 5 Working after retirement: Make sure you know the rules 8 myCalSTRS: Access your benefit information online, anytime 9 Divorced? Remarried? Other big life changes? 10 Preparing for climate change, low-carbon economy transition continued on page 9 WINTER 2020 Also inside: 2019 Summary Report to Members Mary Higbee, Cameron Park, CA Language Arts teacher, middle school Rescue Union School District Retired: 2007 CalSTRS member: 27 years Teacher Talk: How are you spending your retirement? English teacher retires early, brings teaching skills to Africa forever. It was a hard decision to retire early because I still loved teaching. My husband Jim and I worked with Hope for Humanity, an American nongovernmental organization. This organization built a school in South Sudan in a rural village with no electricity three years after Sudan’s 20-year civil war. The vision was to make it a church school or turn it over to the very new government of South Sudan. Neither the church nor government were strong enough to take on the school or pay teachers, so Hope for Humanity kept it, and somebody suggested using missionaries.
Transcript
Mary Higbee always wanted to teach but didn’t earn her credential until she was in her 40s. She made up for lost time by heading to Africa after retirement where she and her husband helped open Hope and Resurrection Secondary School in South Sudan and also trained teachers in Kenya and Tanzania.
How did you end up teaching in Africa after retirement?I’ve always felt the need to give back. When I turned 60, I thought well, this window of opportunity isn’t going to be here
C A L I F O R N I A S TAT E T E A C H E R S ’ R E T I R E M E N T S Y S T E M
S E M I A N N U A L N E W S L E T T E R F O R C a l S T R S B E N E F I T R E C I P I E N T S
I N S I D E
2 Pay dates for 2020
3 Understanding your 1099-R
4 CalSTRS releases 2018–19 Sustainability Report
5 Working after retirement: Make sure you know the rules
8 myCalSTRS: Access your benefit information online, anytime
9 Divorced? Remarried? Other big life changes?
10 Preparing for climate change, low-carbon economy transition
continued on page 9
W I N T E R 2 0 2 0
Also inside:
2019 SummaryReport to Members
Mary Higbee, Cameron Park, CA Language Arts teacher, middle school Rescue Union School District
Retired: 2007CalSTRS member: 27 years
Teacher Talk: How are you spending your retirement?English teacher retires early, brings teaching skills to Africa
forever. It was a hard decision to retire early because I still loved teaching.
My husband Jim and I worked with Hope for Humanity, an American nongovernmental organization. This organization built a school in South Sudan in a rural village with no electricity three years after Sudan’s 20-year civil war. The vision was to make it a church school or turn it over to the very new government of South Sudan. Neither the church nor government were strong enough to take on the school or pay teachers, so Hope for Humanity kept it, and somebody suggested using missionaries.
Teachers’ Retirement Board Sharon Hendricks, Chair Harry M. Keiley, Vice Chair Keely BoslerDenise BradfordJoy HigaFiona Ma William PrezantTony Thurmond Nora E. Vargas Karen Yamamoto Betty Yee
Jack Ehnes Chief Executive Officer
Christopher J. Ailman Chief Investment Officer
Laura Martin Editor
Juliann Binder Designer
Statements in this publication are general and the Teachers’ Retirement Law is complex and specific. Nothing contained in this publication should be construed as legal advice.
If a conflict arises between information contained in this publication and the law, the law prevails.
CalSTRS Retired Educator is published twice a year for retired members and benefit recipients of the California State Teachers’ Retirement System. Send your comments or suggestions to:
Editor, Communications CalSTRS P.O. Box 15275 MS 34 Sacramento, CA 95851
printed on recycled paper
Pay dates for 2020The tables below show the pay dates for CalSTRS benefit payments in 2020. Payments are made in arrears, so the payment you receive each month is for the prior month’s benefit. The State Controller’s Office issues the payments and determines the check mailing and direct deposit dates. You can also view 2020 pay dates online at CalSTRS.com/paydates.
2020 pay datesCheck Mailing Date
Benefit Month
Southern California*and Out of State
Northern California**
Direct Deposit Date
January 2020 01/28/2020 01/29/2020 01/31/2020
February 2020 02/25/2020 02/26/2020 02/28/2020
March 2020 03/27/2020 03/30/2020 04/01/2020
April 2020 04/28/2020 04/29/2020 05/01/2020
May 2020 05/28/2020 05/28/2020 06/01/2020
June 2020 06/26/2020 06/29/2020 07/01/2020
July 2020 07/28/2020 07/29/2020 07/31/2020
August 2020 08/27/2020 08/28/2020 09/01/2020
September 2020 09/28/2020 09/29/2020 10/01/2020
October 2020 10/28/2020 10/28/2020 10/30/2020
November 2020 11/25/2020 11/25/2020 12/01/2020
December 2020 12/29/2020 12/30/2020 01/04/2021
2020 Supplemental Benefit payment datesPayments are made to members and beneficiaries whose current benefit is worth less than a specified percentage of the original benefit when adjusted for increases in the California Consumer Price Index. The percentage is currently set at 85%.
Check Mailing Date
Benefit Month
Southern California*and Out of State
Northern California**
Direct Deposit Date
March 2020 03/27/2020 03/30/2020 04/01/2020
June 2020 06/26/2020 06/29/2020 07/01/2020
September 2020 09/28/2020 09/29/2020 10/01/2020
December 2020 12/29/2020 12/30/2020 01/04/2021
What if your payment hasn’t arrived yet?Direct depositIf you have direct deposit, your financial institution has until the close of the direct deposit date to place the funds in your account. Please contact your financial institution to find out what time it places your funds into your account.
Paper checksIf your benefit payment is mailed to you and you have not received it by the fifth business day of the month, contact us at 800-228-5453.
2 • CalSTRS Retired Educator • WINTER 2020
*ZIP Codes beginning with 900–930**ZIP Codes beginning with 931–961
Understanding your 1099-REach year, CalSTRS mails IRS Form 1099-R to benefit recipients at the end of January. Here are some common questions we receive about 1099-Rs.
What payments are included on my 1099-R?Your 1099-R for tax year 2019 reports the total benefit amounts CalSTRS paid you in 2019 (January 1, 2019, through December 31, 2019).
Why do I have more than one 1099-R?If you received more than one type of benefit payment from us in 2019, such as your monthly benefit and a lump-sum payment, you received a 1099-R for each.
You may also receive 1099-Rs for your retirement income from other financial institutions reporting other income from retirement plans such as 403(b)s, 457(b)s, IRAs and annuities.
A small number of retired members also receive W-2 forms for the portion of their CalSTRS benefit that exceeds the annual limit set by Internal Revenue Code section 415(b).
What if I repaid an overpayment?Members occasionally receive an overpayment of their CalSTRS benefit that they must pay back. The method of repayment and timing of the overpayment and repayment determine how your income gets reported.
If you received an overpayment in 2019 and repaid it in 2019, the Gross Distribution box and Taxable Amount box on your 1099-R showing the total amount you received in 2019 will be adjusted accordingly.
Overpayments from years prior to 2019 that were repaid in 2019 are reported differently depending on whether the overpayment was recovered from subsequent benefit payments (pre-tax) or repaid by check (post-tax). If the overpayment was recovered through deductions from your subsequent benefit payments, the recovered amount will be reduced from the gross distribution reported on your 2019 1099-R.
If you repaid an overpayment from a prior year by sending a check to CalSTRS in 2019, we are not able to report it on your 1099-R for either year. However, you may be able to recover taxes you paid on that income if the total repayment amount for 2019 is $3,000 or more. If that occurs, we will send you a letter acknowledging the repayment. For example, if you received an overpayment of $5,000 in 2018 and repaid us $5,000 by check in 2019, you should have received a letter acknowledging the repayment. Keep this letter for your 2019 tax return. Since federal tax legislation that became effective in 2018 affected the tax treatment of these repayments, consult a tax professional for additional information on how to use this information on your tax returns.
What if I did not receive my 1099-R?Your 1099-R was mailed in late January to your mailing address on file with CalSTRS as of December 20, 2019. You can print a duplicate 1099-R from your secure myCalSTRS online account at myCalSTRS.com. You also can call, fax or email us to request a copy.
If you’ve moved, be sure to update your address using your myCalSTRS account or by submitting the Address Change Request form available at CalSTRS.com/forms. If you have a valid email address, you can request address changes over the phone by calling us at 800-228-5453.
What if I do not understand my 1099-R?To start, you will find descriptions for every box on the back of your 1099-R. You can also:
• Read the Tax Information FAQs at CalSTRS.com/tax-information.
• Visit the California Franchise Tax Board websiteat ftb.ca.gov or call 800-852-5711.
• Check out the IRS website at irs.gov or call800-829-1040.
View and print your 1099-R through your myCalSTRS account. Don’t have an account yet? Sign up today at myCalSTRS.com and securely access your CalSTRS account.
You can also review or update your preferences quickly and securely through myCalSTRS. Just log in to your account and click View & Update Your Tax Withholdings.
To change your income tax withholding by mail, download, complete and submit the Income Tax Withholding Preference Certificate found at CalSTRS.com/forms. Your election will take effect within 60 days after we receive your form.
We sustain long relationships with our membersData as of June 30, 2019
CalSTRS retired members
over 100 years old
36223average years of service credit
8309total years of service credit
309
53females
males age of oldest retired member
108
CalSTRS releases 2018–19 Sustainability Report We are pleased to release our sixth annual Sustainability Report. At CalSTRS, sustainability signifies the actions we take to ensure we are here in perpetuity, securing the financial future and sustaining the trust of California’s educators.
Our sustainability report was prepared in accordance with the Global Reporting Initiative Standards guidelines—a framework that incorporates stakeholder engagement and feedback into organizational prioritization and report focus. We highlight:
Path to Full Funding: CalSTRS’ primary goal is to ensure a financially sustainable trust fund for its members and beneficiaries. Our funding plan is working. Learn about the historical and projected funding status, reporting and risks.
Member Retirement Preparedness: CalSTRS members live longer than average. Read how retired members’ activities relate to their perceptions of their own retirement preparedness.
Information Security: Securing member and organizational data is one of our most critical priorities. Learn about actions we take to protect sensitive information.
Ethics and Compliance: We adhere to high ethical standards. Read about the role of Ethics and Compliance in our business practices.
Portfolio Readiness for the Low-Carbon Transition: We’re taking steps to address the risks that climate change poses to our investment portfolio. Learn what we’re doing to protect the fund.
The full 2018–19 report can be viewed at CalSTRS.com/sustainability-reports.
75% of the largest 250 companies in the world use the GRI reporting framework.
Working after retirement: Make sure you know the rulesReady to start a second career or thinking of returning to the classroom? Make sure you know how returning to work might affect your retirement benefit.
If you take a job outside the California public school system, you can receive your full CalSTRS benefit with no earnings limitations. However, if you accept a position and perform retired member activities in California’s public school system (including substitute teaching) as an employee, an independent contractor or an employee of a third party, be sure to consider these important limitations:
• Separation-from-service requirement: Your CalSTRS benefit will be reduced dollar for dollar by any compensation earned for performing retired member activities during the first 180 calendar days following your most recent retirement date, up to your benefit payable for that period.
• Postretirement earnings limit: You will be subject to an annual earnings limitation. The postretirement earnings limit for retired CalSTRS members for the 2019–20 fiscal year is $46,451. For 2020–21, the limit is $47,713. If you earn more than the annual limit, we will collect back the excess earnings from your retirement benefit, up to your benefit payable for that year.
• The value of benefits your employer provides for retired member activities—such as payments made to a tax-sheltered annuity or health insurance premiums—also count against the earnings limits.
Be wary of compensation arrangements that seem to avoid these rulesThese rules were put in place by the California Legislature to limit postretirement employment by educators, and similar rules exist for other public employees.
Over the years, the Legislature has added clarifying language to the Education Code to specifically address attempts to avoid these limitations. For example, your employer is prohibited by law from paying you more or less in retirement than other employees performing comparable duties. Your service is valuable, and there is no discount for employing a retiree.
What about volunteering?About half of CalSTRS retirees volunteer their time during retirement, and research has shown volunteering is a great way to stay healthy and engaged in your community.
However, be aware that an employment arrangement that involves volunteering in a position that would otherwise be creditable to CalSTRS—such as volunteering to serve as a school principal—may be in violation of the postretirement earnings limitations rules described here. Contact us to learn more.
WINTER 2020 • CalSTRS Retired Educator • 5
Still standing in line every month to deposit your check? Sign up for direct deposit and get your money faster.
When you sign up for direct deposit, your money gets securely deposited into your
checking or savings account every payday. Sign up today using your myCalSTRS
account or download the Direct Deposit Authorization form at CalSTRS.com/forms.
Your first payment will be deposited into your account within one to two pay periods
C A L I F O R N I A S TAT E T E A C H E R S ’ R E T I R E M E N T S Y S T E M
This summary provides important details regarding your retirement fund.
Our mission:Securing the financial future and sustaining the trust of California’s educators
2019 Summary Report to Members
F O R T H E F I S C A L Y E A R E N D E D J U N E 3 0 , 2 0 1 9
State Teachers’ Retirement Plan Statement of changes in fiduciary net position (Dollars in thousands)
The June 30, 2018, funding valuation (released in May 2019) showed a decrease of $0.1 billion in the unfunded actuarial obligation of the Defined Benefit Program to a total of $107.2 billion and an increase in the funding ratio from 62.6% to 64.0%. This increase is primarily attributable to positive investment returns and increased contributions. A gradual increase in the funding ratio is projected under the CalSTRS Funding Plan as contributions increase, with a steady progress towards full funding by 2046.
Defined Benefit Program funding ratio
2019 2018Additions
Contributions (member, employer, state of California) $14,627,331 $11,159,579 Investment income 15,808,257 19,364,771
Investment expense (910,424) (691,234)Other income 127,603 105,144 Total additions $29,652,767 $29,938,260
Deductions Benefits and refunds $15,295,980 $14,536,696 Administrative expenses 253,953 216,083 Borrowing costs 105,306 94,249 Other expenses 4,275 1,678 Total deductions $15,659,514 $14,848,706
Increase in net position 13,993,253 $15,089,554Net position restricted for pensions/other postemployment benefitsBeginning of the year—as previously reported $224,868,635 $210,289,900Adjustment for application of GASB 75 — (510,819)Beginning of the year—as adjusted 224,868,635 209,779,081End of the year $238,861,888 $224,868,635
2009 2010 2011 2012 2013 2014 2015 2016 20170
10
20
30
40
60
70
80
90
100%
50
78%71% 69% 69% 69%
64% 63%67% 67%
2018
64%
Defined Benefit Program
Members retiringFiscal year 2019 2018
Number retiring 12,331 12,778
Average age 63.3 63.3
Average years of service 24.083 24.264
Average annual final compensation $94,560 $92,748
Average annual member-only benefit $54,564 $54,144
Average active member age and years of service
Fiscal year 2019 2018
Average age 45.2 45.2
Average years of service 12.2 12.1
Average annual salary $77,736 $75,604
Years of service at retirement As of June 30, 2019
MembershipFiscal year 2019 2018
Active members 451,429 449,595
Inactive members 204,593 198,058
Total 656,022 647,653
Service retirement benefits 270,835 264,780
Disability benefits 10,152 10,089
Survivor benefits 27,652 26,990
Total 308,639 301,859
Total members and beneficiaries 964,661 949,512
Your reward—a secure retirement. Our reward—getting you there.
0−5 Years 1.8%
40+ Years 1.9%
5−10 Years 7.1%
15−20 Years 14.4%
20−25 Years 18.7% 25−30 Years
17.6%
30−35 Years 20.6%
35−40 Years 9.2%
10−15 Years 8.7%
2 CalSTRS Summary Report 2019
CalSTRS’ primary goal is to maintain a financially sound retirement system. CalSTRS’ philosophy is “long-term patient capital”—investing for long-term net cash flows and capital gain potential at a reasonable price. The presentation of investment values and related returns in this section is based on investment industry practices and provides timely information that is easily compared to benchmarks and peer results. Within the Financial section of the CAFR, the same information is reported in accordance with GAAP. For more current investment information, as well as videos detailing key aspects of the investment portfolio, see CalSTRS.com.
Investment allocationThe board adopts long-term strategic allocation targets to be implemented over several years. The following charts provide the distribution of the STRP investments based on portfolio allocation and market value of investments.
Securing your financial future
Market value of investments
Asset allocationTotal investment portfolio of $236.9 billionAs of June 30, 2019
(Fiscal years ending June 30)
Global Equity 50.5%
Risk Mitigating Strategies
9.4%
Innovative Strategies 0.3%
Inflation Sensitive 2.5%
Private Equity 9.2%
Strategic Overlay 0.0%1
Cash/Liquidity
2.1%
Real Estate 13.7%
Fixed Income 12.3%
1The net asset value for Strategic Overlay was ($6.7) million, which rounds to less than 0.1% of the total asset allocation.
WRITECalSTRSP.O. Box 15275Sacramento, CA 95851-0275
VISITMember Services 100 Waterfront Place West Sacramento, CA 95605
Find your nearest CalSTRS office at CalSTRS.com/localoffices
FAX916-414-5040
CalSTRS Resources
The following charts show CalSTRS returns versus custom benchmarks as of June 30, 2019. Benchmarks are goals and standards used to measure investment performance.
Time-weighted returnsAs of June 30, 2019
One-year time-weighted returns by portfolio typesAs of June 30, 2019
CalSTRS Total Fund (Net of Fees)
*Policy weighted blend of asset class benchmarks.
Custom Benchmark*
1 Year 3 Years 5 Years 10 Years 20 Years
6.82 6.48
9.729.21
6.95 6.82
10.13 10.53
6.20 6.24
0
2
4
6
8
10
12
% R
etur
n
CalSTRS Return (Net of Fees) Custom Benchmark
Global Equity Fixed Income Real Estate Private Equity CashRisk Mitigating Strategies
Your 403(b): Is it still working for you in retirement?Have money in a 403(b) account that’s not Pension2®? How does your 403(b) measure up to Pension2 and other plans your district offers? CalSTRS has made it easy to find out with our 403bCompare website where you can:
• Filter through hundreds of available 403(b) products to quickly compare costs, features, performance and services side by side.
• Create your own 403bCompare account for an easy and secure way to save comparison information about various 403(b) investment products.
• Access an array of retirement planning tools such as videos, calculators and more.
CalSTRS’ voluntary supplemental savings plan offers 403(b), 457(b), Roth 403(b) and Roth 457(b) plans with low costs and flexible investments
Have other retirement savings accounts? Roll over money currently held in other qualified retirement plans to CalSTRS Pension2, and you’ll be able to manage your retirement savings in one place and benefit from some great features. What’s more, you may be able to save on costs.
To get a no-cost, no-obligation comparison of the costs you may pay elsewhere and with Pension2, call 888-394-2060.
It’s your future. Choose Pension2TM.
Learn more at Pension2.com.
Now is the perfect time to combine your retirement accounts
Explore your options at 403bCompare.com—it’s easy to use and you can compare up to three products side by side at one time!
Pension Sense blog now onlineCheck out our new Pension Sense blog where you’ll find helpful information on your benefits, the investment portfolio, corporate engagement activities and more.
Go to CalSTRS.com/pension-sense-blog to learn more.
Access your benefit information online, anytimemyCalSTRS offers easy, secure and convenient access to your accounts and CalSTRS forms, anytime, anywhere. Register at myCalSTRS.com. Once you complete the process, your myCalSTRS account will be active. With myCalSTRS, you can:
Protect your myCalSTRS password
• CalSTRS staff will never ask for your password.
• Do not give your password to anyone for any reason.
• Change your password immediately if you know or suspect it has been compromised.
• Forgot your password? Go to myCalSTRS.com and select the Forgot Your Username or Password? link. Check out CalSTRS.com/myCalSTRS-help-videos for easy instructions on resetting your myCalSTRS password.
1 Sign up for direct deposit.
2 Update your one-time death benefit recipient information.
3 Update your contact information.
4 Exchange secure messages with CalSTRS representatives.
5 Complete and submit forms online.
6 View your payment history, tax documents and more!
Need help registering? View the self-paced, interactive online registration guide at myCalSTRS.com. You’ll find help with resetting your password at CalSTRS.com/myCalSTRS-help-videos.
Learn more about CalSTRS survivor benefits by downloading Survivor Benefits: Remember Your Loved Ones at CalSTRS.com/member-publications.
Divorced? Remarried? Other big life changes? Update your one-time death benefit recipient information on myCalSTRSCheck your one-time death benefit recipient designation information periodically to ensure everything is up to date, especially if you’ve gone through a divorce, remarried or your family has grown. Log on to your myCalSTRS account and select Manage Your Beneficiary Selections to review or make updates.
continued from page 1
Teacher Talk: How are you spending your retirement?
My husband and I volunteered to go to South Sudan for the secondary school’s first school year, which started with a freshman class of 60. Our oldest student was a 34-year-old married father of two children. Because of their civil war, he hadn’t gone to school. We had a lot of older students that first year—it was kind of their second chance to go to school. Only three students were girls. Twelve years later, about 40% of the school’s enrollment is girls. One of our first girls is now a co-administrator at the school. She was sponsored to university and has a business degree. To have a secondary education in South Sudan is to be one of the best educated people around because the illiteracy rate is still incredibly high.
After spending a school year at Hope and Resurrection Secondary, we were invited to do teacher training in Kenya. The teachers in Kenya had huge classes, hardly any resources and only a blackboard and chalk. We showed them things like how you could take one storybook and do a language arts lesson for a week with it, including vocabulary, because often the kids had a tribal language, a national language and were also learning English. I was also asked to be a consultant to a nursery school in Tanzania.
I visited a lot of local nursery schools and read a lot of books so I could be helpful when I got there.
Tell us about your fundraising efforts for the school in South SudanI’ve made jewelry from paper for 10 years now and donate sales to the school. And sometimes my husband does the same thing with his woodworking (jameshigbeewoodworker.com). I also wrote and self-published a book called Lessons from Afar about our time in South Sudan because it was such a profound experience, and I’ve used it in leading faith-based women’s retreats.
What is something that you’re most proud of in your teaching career?That we left the school in South Sudan in the hands of a competent African staff. The school is 12 years old and about 250 kids a year attend. As a classroom teacher in California, I was provided with excellent staff development in my school districts where I taught, and the fact I could pass that on and make a difference was extraordinarily satisfying. What I gave up when I retired early has been more than compensated by my experiences in Africa.
Preparing for climate change, low-carbon economy transition By Jack Ehnes, CalSTRS CEO
CalSTRS has joined Climate Action 100+, a group of over 370 global investors with around $41 trillion in assets, which is fully committed to supporting the goals of the 2016 Paris Climate Accord policies that will help the world meet the agreement’s carbon emission reduction targets. As a long-term investor committed to protecting the retirement security of California’s educators, it is our duty to take a leadership role in addressing climate risk and encouraging companies to be good stewards of the Earth and its resources.
In May 2019, the Teachers’ Retirement Board directed staff to analyze the impacts of a low-carbon economy on our investment portfolio. This analysis will inform the board on the best ways to capture low-carbon economic growth opportunities, while also mitigating long-term risks.
Because consideration of climate risk is instrumental to long-term performance, climate risk is embedded in our investment strategies across all asset classes. In addition, members of the public frequently offer public comment as a way to provide their testimony to the board.
Climate change poses material risks to people, the environment, the world economy and the CalSTRS investment portfolio. As part of our fiduciary responsibility to monitor and mitigate material risks to the fund, we are committed to influencing public policy, engaging companies and investing to promote an orderly transition to a low-carbon economy.
View board meeting highlights at CalSTRS.com/board-highlights.
Signatory to the Global Investor Statement on Climate Change
Supported the Paris Pledge for Action to welcome Paris Agreement
Participant in UN-led Business and Investor Working Group on Carbon Pricing
Created the low-carbon index to invest in public
lower exposure to carbon emissions
Excluded global companies deriving 50% or more of revenue from sale of thermal coal
Teachers’ Retirement Board Investment Committee approved policy on carbon pricing consistent with Paris Agreement and approved transition to a low-carbon future as a priority and work plan project
Karen Doron named communications directorKaren Doron began her tenure in August as CalSTRS’ new communications director. Doron will plan and direct a comprehensive communications program, including marketing, media relations, web content development, social media, video/web-based production, community outreach and employee communications. She reports directly to Public Affairs Executive Officer Grant Boyken. Doron has more than 20 years of experience in strategic communications, marketing and public relations, and most recently served as public relations program manager for Golden 1 Credit Union.
William Perez appointed Benefits and Services executive officerWilliam “Bill” Perez has been appointed CalSTRS’ Benefits and Services executive officer. Perez will provide high-level oversight and management of all retirement, disability and survivor benefits, member account services, benefits planning and customer contact program operations. His position reports directly to CalSTRS Chief Operating Officer Cassandra Lichnock. Perez has more than two decades of managerial experience in customer service and contact center operations. Most recently, he was director of contact center operations at Delta Dental.
NAGDCA names Sandy Blair as presidentThe National Association of Government Defined Contribution Administrators recently elected CalSTRS’ Director of Retirement Readiness Sandy Blair as president. NAGDCA represents the nation’s public sector defined contribution plan administrators with a goal of advancing the expertise, knowledge and network of its members in order to enable government workers to save for a secure retirement. Blair has been instrumental in enhanced benefits planning efforts, overseeing eight member service centers throughout the state.
Dana Dillon retiresThe November 2019 board meeting was Dana Dillon’s last on the Teachers’ Retirement Board, where she has served since being elected in 2003. Dillon, who is retiring this spring after 36 years with the Weed Union Elementary School District, previously served as CalSTRS Board Chair and Vice Chair. She has also served as state council representative, director on the National Education Association board of directors, chair of the California Teachers Association’s Retirement Committee and as a member of the CTA board of directors.
News
WINTER 2020 • CalSTRS Retired Educator • 11
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FAX 916-414-5040
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Moved or Planning a Move Soon?Three ways to update your contact information:
myCalSTRS makes it easy. From the home page, select Update Your Profile, then follow the instructions.
myCalSTRS.com
Complete the Address Change Request form, sign, date and mail it to us.
CalSTRS.com/forms
Call us at 800-228-5453. To use this option, you must have a valid email address. Best times to call are Wednesday, Thursday or Friday from 7–10 a.m. or 4–6 p.m.
For your security, when you update your mailing or email address, we will send you a letter and an email confirming the update.
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