Debra Smith is a business and finance executive with over 30 years of public government and investment experience. Ms. Smith is the Chief Operating Investment Officer-Retired Annuitant at the California State Teachers’ Retirement System. She is an executive member of the senior leadership team who manage an investment portfolio valued at $254 billion, December 2019. CalSTRS is the largest educator-only pension fund in the world that was created in 1913 to provide retirement benefits to California’s public-school educators.