Chief Executive Officer Named for California State Teachers' Retirement System.News Desks/Education Writers SACRAMENTO, Calif.--(BUSINESS WIRE)--Dec. 10, 2001 Jack Ehnes has been selected as the new Chief Executive Officer of the California State Teachers' Retirement System. The Teachers' Retirement Board announced its choice for the top administrative post today. Ehnes, 50, replaces James D. Mosman, who is leaving CalSTRS to become Executive Director of the National Council on Teacher Retirement. "Jack won out over a strong field of candidates," said Gary Lynes, board chairperson. "CalSTRS is fortunate to have found in him someone who will provide the innovative, strong leadership the system requires as it continues to meet the retirement needs of California's educators." "I'm looking forward to working with such a successful organization," said Ehnes. "CalSTRS has consistently demonstrated its excellence and I intend to build on that track record." Ehnes will begin his duties February 4 and comes to CalSTRS from Great-West Life & Annuity Insurance Company (Denver, Colorado), which provides a wide range of life and health insurance products and administers defined contribution retirement plans. Among several duties as vice president for corporate affairs, Ehnes serves as trustee/plan administrator for Great-West's employees' defined benefit and defined contribution plans Defined contribution plan A pension plan whose sponsor is responsible only for making specified contributions into the plan on behalf of qualifying participants. Related: Defined benefit plan . Prior to Great-West, Ehnes was appointed to the post of Colorado's insurance commissioner, after a stint as deputy insurance commissioner. He also served 11 years as a board trustee for the $31 billion Colorado Public Employees Retirement Association, including six years as chair and vice-chair of the board. PERA PERA Public Employees Retirement Association PERA Production Equipment Rental Association PERA Public Employment Relations Act (various states) PERA Production Engine Remanufacturers Association PERA Presidential Election Reform Act is a multi-employer public sector pension fund covering school, state and judicial employees involving 200,000 members and retirees. Ehnes has served on high profile national task forces through the National Association of Insurance Commissioners The National Association of Insurance Commissioners (NAIC) is an Internal Revenue Code Section 501(c)(3) non-profit organization which seeks to organize the regulatory and supervisory efforts of the various state insurance commissioners from around the United States. and on various Colorado healthcare and insurance advisory boards. His awards include the 1992 "State of Colorado Manager of the Year" award, the 1999 "Career Service Award" from the Colorado Group Col`o`ra´do group 1. (Geol.) A subdivision of the cretaceous formation of western North America, especially developed in Colorado and the upper Missouri region. Insurance Association and recognition from the Colorado chapter of AARP AARP, a nonprofit, nonpartisan national organization dedicated to "enriching the experience of aging"; membership is open to people age 50 or older. Founded in 1958 by Ethel Percy Andrus as American Association of Retired Persons, AARP now has over 30 million for outstanding public service. A Rochester, N.Y. native, Ehnes holds a bachelor of science Noun 1. Bachelor of Science - a bachelor's degree in science BS, SB bachelor's degree, baccalaureate - an academic degree conferred on someone who has successfully completed undergraduate studies degree from Cornell University Cornell University, mainly at Ithaca, N.Y.; with land-grant, state, and private support; coeducational; chartered 1865, opened 1868. It was named for Ezra Cornell, who donated $500,000 and a tract of land. With the help of state senator Andrew D. and a master of arts Master of Arts Noun a degree, usually postgraduate in a nonscientific subject, or a person holding this degree Noun 1. Master of Arts - a master's degree in arts and sciences Artium Magister, MA, AM degree from Vanderbilt University. Ehnes will direct a retirement system that includes approximately 661,000 members and benefit recipients with an operating budget of approximately $56 million and 525 employees. CalSTRS administers retirement, disability and survivor benefits for California's public school educators in grades kindergarten through community college. The investment portfolio, at $97.7 billion, is the third largest pension fund in the nation. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion