February 25, 2013
External Affairs Branch
Robert Udall Glazier, Deputy Executive Officer
Brad Pacheco, Chief, Office of Public Affairs
Contact: Edd Fong, Information Officer
CalPERS Board Committee Chairs and Vice Chairs Chosen
SACRAMENTO, CA – The California Public Employees’ Retirement System (CalPERS) Board of Administration has elected the following chairs and vice chairs of key board committees:
Investment Committee – Henry Jones, Chair; George Diehr, Vice Chair
Jones was elected to the CalPERS Board in 2007 by retired CalPERS members. He was re-elected in 2011. Jones retired as chief financial officer of the Los Angeles Unified School District in 1998. He is also an adjunct professor at California State University, Los Angeles. Dr. Diehr was elected to the CalPERS Board in 2002 by State employees, including employees of the California State University System. He was re-elected to a third four-year term in 2010. Dr. Diehr has been on the faculty of the College of Business Administration at California State University, San Marcos, since 1990.
Other Investment Committee members are Michael Bilbrey, Julie Chapman, John Chiang, Richard Costigan, Dan Dunmoyer, Rob Feckner, JJ Jelincic, Ron Lind, Bill Lockyer, Priya Mathur and Bill Slaton.
Pension & Health Benefits Committee – Priya Mathur, Chair; George Diehr, Vice Chair
Mathur was elected to the Board in 2002 by CalPERS public agency members and was re-elected in 2006 and 2010. Mathur is a principal financial analyst for the Bay Area Rapid Transit District.
Other Pension & Health Benefits Committee members are Michael Bilbrey, Julie Chapman John Chiang, Rob Feckner, JJ Jelincic, Henry Jones and Bill Lockyer.
Finance & Administration Committee – George Diehr, Chair; Richard Costigan, Vice Chair
Costigan has served on the CalPERS Board as the representative of the State Personnel Board (SPB) since January 2011. He was appointed to the SPB by Governor Arnold Schwarzenegger in 2007 and is senior director of State and government affairs for the national law and consulting firm of Manatt, Phelps and Phillips.
Other Finance & Administration Committee members are Julie Chapman, John Chiang, Henry Jones, Bill Lockyer and Bill Slaton.
Performance, Compensation & Talent Management Committee – Dan Dunmoyer, Chair; Michael Bilbrey, Vice Chair
Dunmoyer was appointed to the CalPERS Board in 2009 by Governor Arnold Schwarzenegger to serve as the insurance industry representative on the Board. He is senior vice president and head of legislative and regulatory affairs in the U.S. for the Farmers Insurance Group of Companies and Zurich Financial Services. Bilbrey was elected to the board in 2011 by active and retired CalPERS members. He is the operations coordinator of the Citrus Community College bookstore in Glendora, CA. Bilbrey is also first vice president of the California School Employees Association.
Other Performance, Compensation & Talent Management Committee members are Julie Chapman, John Chiang, Richard Costigan, Ron Lind and Bill Lockyer.
The Risk & Audit committee did not meet in February. They will choose a chair and vice chair at their next meeting.
Feckner and Diehr will remain Chair and Vice Chair of the Board Governance Committee, respectively.
CalPERS, with assets of approximately $255 billion, is the largest public pension fund in the U.S. It administers retirement benefits for more than 1.6 million California state, local government, and public school employees, retirees, and their families on behalf of more than 3,000 public employers; and health benefits for more than 1.3 million enrollees. The average CalPERS pension benefit is $2,420 per month. The average benefit for those who retired in the most recent fiscal year that ended June 30, 2012, is $3,025 per month. More information about CalPERS is available at www.calpers.ca.gov.