October 4, 2013
External Affairs Branch
Robert Udall Glazier, Deputy Executive Officer
Brad Pacheco, Chief, Office of Public Affairs
Contact: Joe DeAnda, Information Officer
Incumbents Joseph Jelincic and Michael Bilbrey Preliminary Winners of CalPERS Board Election
SACRAMENTO, CA – Joseph (JJ) Jelincic and Michael Bilbrey are the preliminary winners to fill two Member-At-Large seats on the Board of Administration for the California Public Employees' Retirement System (CalPERS) according to unofficial results released today by the Pension Fund. Formal certification of the results must be made by California's Secretary of State.
The unofficial results indicate Jelincic was re-elected to his seat by receiving more than 79,900 votes, 56.8 percent of the valid votes cast during the voting period that took place from August 30 through September 27, 2013. Unofficial results also indicate Michael Bilbrey was re-elected to his seat by receiving more than 93,000 votes, 66.3 percent of the valid votes cast. More than 140,000 eligible CalPERS members (active and retired) voted in the election.
Both Jelincic and Bilbrey will serve four-year terms that begin on January 16, 2014.
Jelincic was first elected to the CalPERS Board in 2010 and currently serves as the Chair of the Board's Risk & Audit Committee. He also serves on CalPERS Investment, Pension & Health Benefits and Board Governance Committees.
Bilbrey was first elected to the Board in 2011 and currently serves as the Chair of the Performance, Compensation & Talent Management Committee. He also serves on CalPERS Investment, Pension & Health Benefits, Board Governance and Risk & Audit Committees.
The 13-member CalPERS Board of Administration sets policy and oversees the administration of retirement and health benefits on behalf of more than 3,000 California public employers and their employees and retirees. The Board also oversees administration of the Pension Fund's investments. Under the California Constitution, the CalPERS Board has exclusive authority to administer the CalPERS pension fund.
View the Member-At-Large Board Election Raw Vote Results (PDF, 12 KB).
CalPERS is the largest public pension fund in the U.S., with more than $265 billion in assets. We administer health and retirement benefits on behalf of 3,064 public school, local agency and State employers. Our members number more than 1.6 million in our retirement system and more than 1.3 million in our health plans.