Board of Administration Agenda - November 3, 2025

The CalPERS Board of Administration considers recommendations from individual Board committees and hears other matters related to the administration of retirement benefits and investment management.

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

Items designated for Information are appropriate for Action if the Board wishes to take action. Any Agenda Item from a properly noticed Committee meeting, held prior to this Board meeting, may be considered by the Board. 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. In accordance with California Government Code section 11123.2 (added by Stats. 2023, ch. 216, § 1), Board members may participate via teleconference.

November 3, 2025

Open Session

9:00 a.m.

1. Item
   1. Call to Order and Roll Call (PDF)
   2. Chief Executive Officer's Report (Verbal)Marcie Frost
   3. Action Agenda Items
      1. Diversity, Equity & Inclusion Request for Proposal: Finalist Interviews and Selection (PDF)
         1. Attachment 1 (PDF)
   4. Information Agenda Items
      1. Summary of Board DirectionMarcie Frost
      2. Public Comment
   5. Adjournment of Meeting