California State Teachers' Retirement System, Sacramento, scheduled interviews for the CIO position now held by Thomas E. Flanigan. Interviews are scheduled for the second week of November. Mr. Flanigan - whose contract expires on Dec. 12 - is one of the candidates. The number of other candidates wasn't available.
Mr. Flanigan's current total compensation is $226,500 per year. The new contract with the $62.5 billion fund will probably run for three years with options for extensions.
The board also approved a new CIO pay package and a change in executive structure. The CIO's base annual salary was increased to $230,000 from $185,000 and a performance bonus of 10% of base salary. The CIO also will now report to CEO James Mosman instead of reporting directly to the board.