CalSTRS board approves proposed salary range increases for executive and investment positions
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Summary
The board approved increases to base salary ranges for executive and investment roles, effective Feb. 1, 2026. The roll-call vote recorded eight yes votes and two abstentions; no 'no' votes were recorded.
The California State Teachers' Retirement System board approved proposed increases to base salary ranges for executive and investment positions to be effective Feb. 1, 2026, after a roll-call vote during the meeting's consent agenda.
The compensation committee recommended adoption of the proposed ranges. The motion was moved and seconded and taken by roll-call. Vote responses recorded in the meeting were: Miss Gallegos — abstain; Mister Veil — yes; Mister Dang — yes; Miss Yamamoto — aye; Miss Hendricks — yes; Mister Gunning — yes; Mister Ruffino — yes; Mister Delamini/D'Alamini — abstain; Mister Boris — aye; Chairperson Bradford — yes. The chair noted the motion passes.
The motion language read: "The compensation committee moves the adoption of proposed increases to the base salary ranges for the executive positions and investment positions to be effective 02/01/2026." The meeting record did not identify a named mover or seconder for this item on the record beyond confirmation that the motion was moved and seconded and that a roll call was conducted.
Why it matters: Salary-range adjustments for executive and investment roles affect CalSTRS' ability to recruit and retain staff overseeing a multibillion-dollar portfolio and long-term pension liabilities. Trustees discussed the item as part of the consent agenda and approved it without further amendment.
What’s next: The increases are effective Feb. 1, 2026, per the adopted motion. Staff will implement the approved salary-range adjustments under standard HR processes.