CalPERS Chief Actuary

CalPERS is officially looking to fill the position of Chief Actuary. This person will analyze the financial consequences of risk as it pertains to CalPERS pension plans. The results will be available for government use, outside auditors, compliance agencies, plan participants and shareholders.
For more information view the original press release here.

Marcie Frost,

Today CalPERS announced that they have name a new Chief Executive Officer. Marcie Frost was named and brings close to 2 decades of pension industry experience. She previously served as the executive director of the Washington State Department of Retirement System. Currently she will oversee close to 3000 employees and a massive 1.7 billion dollar budget. Learn more about the CalPERS press release here.

CalPERS to Commit up to $11 Billion

In a press release on Thursday, June 23rd, 2016, CalPERS announced that they are looking to invest up to $11 billion within the next 5 years in its Transition Manager Program. The overall goal is to diversify investments as well as reduce risk and importantly invest in mid-sized investment managers.

CalPERS  also uses this program as a sort of trial for mid-sized emerging investment managers to watch growth and determine if they may be a good candidate for entering the CalPERS system as larger and more established managers. For more information about this annoucement you can view the original release here.

CalPERS to Host a CalPERS Benefits Education Event

CalPERS to Host a CalPERS Benefits Education Event in Downtown Los Angeles at the LA Hotel. If you are one of the over 100,000 active CalPERS members in Los Angeles, Orange, Santa Barbara or Ventura County and want to learn about retirement and health benefits, supplemental savings plans, long-term care coverage, and more you should consider attending this event.  The planned event times are Friday July 15 and 16 from 8:00am to 3:00pm. The next event wont be until August which is planned for Newport Beach to offer education to Los Angeles, Orange and San Diego County CalPERS members.

For more […]

CalPERS Names Interim CEO – Douglas Hoffner

Today CalPERS names a new temporary CEO.  Douglas Hoffner has been appointed by the Board of Administration while they complete there search for a permanent CEO. Douglas Hoffner has been with CalPERS since 2012 and was most recently serving as the Deputy Executive Officer for Operations and Technology. CalPERS expects their recruitment and appointment of the new CEO to be complete within the next few weeks.  You can see the full press release on CalPERS website here.