Finance & Administration Committee - November 17, 2026

Ensures financial soundness through oversight of financial statements and reporting and all budget matters. Oversees the organization's Strategic and Business Plans.

(Agenda items are provided in a PDF format, which require Adobe Reader 8 or higher to view.)

Items designated for Information are appropriate for Committee Action if the Committee wishes to take action. Any Agenda Item from a properly noticed Committee meeting may be considered by the Board at a subsequent Board meeting. The hour designated as the earliest starting time for this meeting is not intended to communicate the expected duration (or ending time) of the preceding meeting. Public comment may be taken on agenda items in accordance with applicable law. There is a three-minute limitation on each public comment, unless otherwise directed by the Presiding Officer. (Cal. Code Regs. tit 2, § 552.1.) Members of the public may provide public comment via telephone by calling (800) 259-4105. Board members may attend meetings of committees of which they are not members and participate in the discussions during those meetings. In accordance with Government Code section 11123.2 (amended by Stats. 2025, ch. 222, § 1), Board members may participate remotely via teleconference.

Meeting Agenda for November 17, 2026

Open Session

8:45 a.m.
_{Or Upon Adjournment of the Pension & Health Benefits Committee — Whichever is Later}

Item

1. Call to Order and Roll Call (PDF)
2. Executive Report (PDF) — Michele Nix
3. Action Consent Items — Michele Nix
   1. Approval of the November 17, 2026, Finance & Administration Timed Agenda (PDF)
   2. Approval of the September 15, 2026, Finance & Administration Meeting Minutes (PDF)
   3. Semi-Annual Contracting Prospective Report (PDF)
      • Attachment 1 (PDF) – Semi-Annual Contracting Prospective Report
      • Attachment 2 (PDF) – CalPERS Board of Administration Contract Activity Reporting Policy
   4. Contracts Administration: Affirmation of Investment Contracts Without Defined Duration (PDF)
      • Attachment 1 (PDF) – Investment Office Contracts Without Defined Duration Extension List
      • Attachment 2 (PDF) – State of California Board of Administration Public Employees’ Retirement System Resolution
4. Information Consent Items — Michele Nix
   1. Annual Calendar Review (PDF)
   2. Draft Agenda for the for the February 2027, Finance & Administration Meeting (PDF)
   3. Pension Contract Management Program Report (PDF)
   4. Annual Contract and Procurement Activity Report (PDF)
      • Attachment 1 (PDF) – Annual Consulting and Service Contract Report
      • Attachment 2 (PDF) – Annual Procurement Activity Report
5. Action Agenda Items
   1. 2026-27 Mid-Year Budget Revisions (PDF) – Michele Nix, Jennifer Hamarlund
      • Attachment 1 (PDF) – Fiscal Year 2026-27 Mid-Year Budget Proposal
      • Attachment 2 (PDF) – Fiscal Year 2025-26 Year-End Expenditure Report
      • Attachment 3 (PDF) – 2026-27 Mid-Year Budget Presentation
   2. 2025-26 Basic Financial Statements (PDF) – Michele Nix, Janie Rajasuncy
      • Attachment 1 (PDF) – Basic Financial Statements
      • Attachment 2 (PDF) – 2025-26 Basic Financial Statements Presentation
      • Attachment 3 (PDF) – 2025-26 Annual Comprehensive Financial Report
   3. Annual Discharge of Accounts Receivable (PDF) – Michele Nix, Kim Malm, Jonathan Hensley
      • Attachment 1 (PDF) – Statement of Policy Discharge from Accountability
6. Information Agenda Items
   1. Semi-Annual Health Plan Financial Report (PDF) – Emily Zhong (PDF)
      • Attachment 1 (PDF) – Semi-Annual Health Plan Financial Report PPO Basic and Medicare Supplemental Plans
      • Attachment 2 (PDF) – Semi-Annual Health Plan Financial Report Flex-Funded HMO Basic Plans
      • Attachment 3 (PDF) – Semi-Annual Health Plan Financial Report Presentation
   2. Annual Review of Funding Levels and Risk Report (PDF) – Scott Terando, Randall Dziubek
      • Attachment 1 (PDF) – 2026 Annual Review of Funding Levels and Risks Report
      • Attachment 2 (PDF) – 2026 Annual Review of Funding Levels and Risks Report Presentation
   3. Asset Liability Management Policy Update – First Reading (PDF) – Michele Nix, Jeremiah Ramirez
      • Attachment 1 (PDF) – Asset Liability Management Policy Update – First Read Presentation
      • Attachment 2 (PDF) – Current Asset Liability Management Policy
      • Attachment 3 (PDF) – Proposed Asset Liability Management Policy – Clean Copy
      • Attachment 4 (PDF) – Proposed Asset Liability Management Policy – Redline Copy
   4. Modernizing Investment Data and Technology Update (PDF) – Robert Paterson, Jennifer Hafner
      • Attachment 1 (PDF) – Investment Data and Technology Modernization Initiative Presentation
   5. Summary of Committee Direction
   6. Public Comment
7. Adjournment of Meeting