The Colorado Public Employees Retirement Association claims that the department and Arapahoe, Adams and Douglas counties need to pay $50 million to break away.
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CalSTRS CEO looks back on 20 years of triumphs and challenges
CalSTRS CEO looks back on 20 years of triumphs and challenges
Retiring CalSTRS CEO Jack Ehnes
Jack Ehnes said he thrives on challenges, and during his close to 20 years at the helm of the nation s second-largest public pension plan, there have been some doozies.
During Mr. Ehnes tenure as CEO, officials at the California State Teachers Retirement System, West Sacramento, have been tested by a funding crisis, efforts to replace public employee defined benefit plans with defined contribution plans, legislation to cut pension benefits and a worldwide pandemic.
This is Mr. Ehnes second attempt at retiring from his post at CalSTRS. He originally announced on March 5, 2020, he would be retiring in September but, at the behest of the board, Mr. Ehnes delayed his retirement to continue leading the plan through the COVID-19 pandemic. He is now slated to retire from the $291.7 billion pension fund on June 30.