What is Fiduciary Responsibility?

CalSTRS core responsibility is to provide benefits and services to educators in public schools and community colleges. As a fiduciary, each board member is to perform duties and make decisions to guide the system solely for the benefit of CalSTRS members and to do so in an economical manner.

That means each member must think of how the decisions they are asked to make will benefit the members of the system first, before all other considerations. The Teachers’ Retirement Board members take their fiduciary responsibility very seriously and make their decisions accordingly. Know that the Board and CalSTRS staff value your trust.

Board members have a duty to make decisions in the best interest of generations of California public educators. It means the Board must conduct and govern its affairs:

• In a prudent manner.
• Using the highest code of ethical conduct.
• And, in a thorough and transparent manner.

So Board members—regardless of background or how they became a board member—must make decisions with one voice: as a fiduciary. Learn more in Plan Perspective >>