September 14, 2011
External Affairs Branch
Robert Udall Glazier, Deputy Executive Officer
Brad Pacheco, Chief, Office of Public Affairs
CalPERS Board Censures Board Member
SACRAMENTO, CA – The California Public Employees' Retirement System (CalPERS) Board of Administration today publicly censured board member JJ Jelincic for his involvement in a personnel action based on complaints filed by coworkers at CalPERS.
CalPERS management reprimanded Jelincic last year. The reprimand was upheld last week by the State Personnel Board and administrative law judge Teri L. Block following an appeal by Jelincic.
Pursuant to its board governance principles, the CalPERS Board voted to publicly censure Jelincic and suspend his position as Chair of the Pension Fund's Investment Policy Subcommittee and Vice Chair of its Health Benefits Committee until March 1, 2012. The Board also voted to suspend Jelincic's board travel privileges for the same time period except for pre-approved travel, travel to and from Board and committee meetings and constituent meetings, and is requiring Jelincic to attend sensitivity training.
"The CalPERS Board does not condone harassment or similar conduct of any kind and all our Board Members are expected to meet this standard," said Rob Feckner, President of the CalPERS Board. "Our employees are one of our greatest assets and we are committed to ensuring that their work environment is professional, safe and free from all forms of discrimination and harassment."
Jelincic was elected to the CalPERS Board in December 2009 as a Member-At-Large representing all CalPERS members. He has been employed with CalPERS for 25 years as an investment officer.
CalPERS is the nation's largest public pension fund with approximately $227 billion in market assets. It administers retirement benefits for 1.6 million active and retired State, public school, and local public agency employees and their families and health benefits for more than 1.3 million members. The average CalPERS pension is $2,220 per month. For more information about CalPERS, visit www.calpers.ca.gov.