(a)
The plan and the system are administered by the Teachers’ Retirement Board. On and after January 1, 2004, the members of the board are as follows:
(1)
The Superintendent of Public Instruction.
(2)
The Controller.
(3)
The Treasurer.
(4)
The Director of Finance.
(5)
Three persons who are either members of the Defined Benefit Program or participants in the Cash Balance Benefit Program, as follows:
(A)
One person who, at the time of election, is an active member of the Defined Benefit Program or an active participant of the Cash Balance Benefit Program employed by a school district that provides instruction for prekindergarten, kindergarten, or grades 1 to 12, inclusive, or a county office of education, in a position other than a school administrator that requires a services credential with a specialization in administrative services. This member shall be elected by the active members of the Defined Benefit Program and active participants of the Cash Balance Benefit Program who are employed by a school district that provides instruction for prekindergarten, kindergarten, or grades 1 to 12, inclusive, or county office of education, pursuant to regulations adopted by the board, for a four-year term commencing on January 1, 2004.
(B)
One person who, at the time of election, is an active member of the Defined Benefit Program or an active participant of the Cash Balance Benefit Program employed by a school district that provides instruction for prekindergarten, kindergarten, or grades 1 to 12, inclusive, or a county office of education. This member shall be elected by the active members of the Defined Benefit Program and active participants of the Cash Balance Benefit Program who are employed by a school district that provides instruction for prekindergarten, kindergarten, or grades 1 to 12, inclusive, or a county office of education, pursuant to regulations adopted by the board, for a four-year term commencing on January 1, 2004.
(C)
One person who, at the time of election, is a community college instructor and an active member of the Defined Benefit Program or an active participant of the Cash Balance Benefit Program employed by a community college district, who shall be elected by the active community college members of the Defined Benefit Program and the active community college participants of the Cash Balance Benefit Program, pursuant to regulations adopted by the board, for a four-year term commencing on January 1, 2004.
(6)
Five persons appointed by the Governor for a term of four years, subject to confirmation by the Senate, as follows:
(A)
One person who, at the time of appointment, is a member of the governing board of a school district or a community college district.
(B)
One person who is either a retired member under this part or a retired participant under Part 14 (commencing with Section 26000).
(C)
Three persons representing the public, whose terms shall be staggered by varying the first terms of these members, as follows:
(i)
One person to a term expiring December 31, 2005.
(ii)
One person to a term expiring December 31, 2006.
(iii)One person to a term expiring December 31, 2007.
(b)
A person who is employed to perform creditable service by a community college district and either a school district that provides instruction for prekindergarten, kindergarten, or grades 1 to 12, inclusive, or a county office of education, may only be elected to the position on the board that corresponds to the position in which he or she accrued the most service credit during the prior school year.
(c)
The members of the board shall annually elect a chairperson and vice chairperson.