Deals and People September 28, 2011
CalSTRS Administrator Named to Lead NAGDCA
September 28, 2011 (PLANSPONSOR.com) - The California State Teachers’ Retirement System (CalSTRS) announced that Pension2 Administrator Julia Durand has been elected president of the National Association of Government Defined Contribution Administrators, Inc. (NAGDCA) for 2011-12.
Reported by Rebecca Moore
Durand administers the CalSTRS Pension2 personal wealth plan, which consists of a 403(b), a Roth 403(b), and a 457(b) plan. Pension2 serves as a supplemental savings plan for all California school and community college employees and currently manages nearly $300 million on behalf of more than 6,000 participants.
Durand joins six other governing officers and members-at-large at the organization of defined contribution retirement plan administrators and financial service providers.
“I look forward to this opportunity to further NAGDCA’s goals to help ensure that local and state government employees have opportunities to enhance their retirement,” said Durand, in the announcement. “It is my hope that other administrators of 403(b) plans will take full advantage of the resources available through NAGDCA.”