Board of Administration Offsite Agenda - July 13-15, 2026
The 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.)
All times are approximate and for reference only. The Board of Administration may consider an item at an earlier or later time than set forth herein. 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. Public comment will not be taken on agenda items relating to the administrative adjudication of individual cases. 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 Government Code section 11123.2 (amended by Stats. 2025, ch. 222, § 1), Board members may participate remotely via teleconference.
Location:
Monterey Beach Hotel
2600 Sand Dunes Dr.
Monterey, CA 93940
Meeting Agenda for July 13, 2026
Webcast - access https://www.calpers.ca.gov/page/about/board/board-meetings/webcast
Agenda - Day One
| Time | Topic |
|---|---|
| 8:30 a.m. | Welcome/Opening Theresa Taylor, President, CalPERS Board of Administration Marcie Frost, Chief Executive Officer, CalPERS |
| 8:45 a.m. | Opening Comments/Update from Chief Investment Officer Presenter |
| 8:50 a.m. | Geopolitical Discussion (Board Education) Presenter |
| 9:50 a.m. | Global Public Equity Active Management Process (Board Education) Presenters |
| 10:20 a.m. | Break |
| 10:35 a.m. | AI from the Asset Manager’s Perspective (Board Education) |
| 11:35 a.m. | Lunch |
| 12:35 p.m. | The New Operating Environment (Board Education) Presenters |
| 1:05 p.m. | Closed Session – Goldman Sachs AI Investment Strategy Session (Government Code section 11126(c)(16)) Jared Cohen, President of Global Affairs & Co-head of the Goldman Sachs Global Institute |
| 3:05 p.m. | Adjourn |
Meeting Agenda for July 14, 2026
Webcast - access https://www.calpers.ca.gov/page/about/board/board-meetings/webcast
Agenda - Day Two
| Time | Topic |
|---|---|
| 8:30 a.m. | Welcome/Opening Theresa Taylor, President, CalPERS Board of Administration Marcie Frost, Chief Executive Officer, CalPERS |
| 8:45 a.m. | Action Item – Approval of New Health Maintenance Organization (HMO) Contract: Sutter Health Plan Presenter |
| 9:15 a.m. | Presenter |
| 9:30 a.m. | 2027 State Employer Annuitant Contribution Formulas & Amounts and Association Plan Premiums Presenter |
| 9:40 a.m. | Clinical Quality and Behavioral Health: Driving Better Outcomes for Our Members (Board Education) Presenters |
| 10:25 a.m. | Break |
| 10:40 a.m. | Contracting Agency Health Regions: Modeling and Stakeholder Outreach (Board Education) Presenters |
| 11:40 a.m. | AI and Primary Care (Board Education) Presenters |
| 12:40 p.m. | Lunch |
| 1:40 p.m. | Fiduciary and Bagley-Keene Training (Board Education) Presenters |
| 3:10 p.m. | Approval to Meet in Closed Session Pursuant to Government Code Section 11126(c)(18)(A) |
| 3:10 p.m. | Closed Session - Fraud Security Roadmap (Government Code section 11126(c)(18)(A)) Presenter |
| 4:25 p.m. | Report Out on Fraud Security Roadmap |
| 4:25 p.m. | Adjourn |
Meeting Agenda for July 15, 2026
Webcast - access https://www.calpers.ca.gov/page/about/board/board-meetings/webcast
Agenda - Day Three
| Time | Topic |
|---|---|
| 8:30 a.m. | Welcome/Opening Theresa Taylor, President, CalPERS Board of Administration Marcie Frost, Chief Executive Officer, CalPERS |
| 8:40 a.m. | Action Items - Proposed Decisions of Administrative Law Judges a. Santa Clara Valley Water District b. Paula Lehn & Michael Alford (Evelyn L. Alford (dec.)) b. Nancy Prado |
| 8:45 a.m. | Action Item - Board Travel Approval |
| 8:50 a.m. | 2026 Stakeholder Perception Survey Results Presenters |
| 9:20 a.m. | 2027-32 Strategic Plan Development Session (Board Education) Presenters |
| 11:20 a.m. | Break |
| 11:35 a.m. | A Best Day at CalPERS (Board Education) Presenters |
| 1:05 p.m. | Lunch |
| 1:35 p.m. | Action Item - CalPERS Board, DEI Consulting Services Workplan Review Presenters |
| 2:35 p.m. | Adjourn |