Board Committees
Board members serve on committees to review specific programs, projects, or issues and make recommendations to the Board. The Board of Administration consists of six committees:
- Board Governance
- Finance & Administration
- Investment
- Pension & Health Benefits
- Performance, Compensation & Talent Management
- Risk & Audit
Each Board member serves on at least one committee. Each committee generally meets once each month.
Board Governance Committee
The Board Governance committee is responsible for the Board's self-management, governance practices, and accountability as pension fund fiduciaries. They manage governance protocols and policies. View the Delegation Resolution - Board Governance Committee (PDF).
- Henry Jones, Chair
- Rob Feckner
- Fiona Ma
- Lisa Middleton
- Stacie Olivares
- Eraina Ortega
- Jason Perez
Finance & Administration Committee
The Finance & Administration Committee ensures financial soundness through oversight of financial statements and reporting as well as all budget matters. They oversee CalPERS strategic and business plans. View the Delegation Resolution - Finance & Administration Committee (PDF).
- Theresa Taylor, Chair
- David Miller, Vice Chair
- Henry Jones
- Fiona Ma
- Stacie Olivares
- Jason Perez
- Ramón Rubalcava
Investment Committee
The Investment Committee reviews and approves portfolio performance, asset allocation, investment transactions, and investment manager performance. They establish investment strategies and policies. View the Delegation Resolution - Investment Committee (PDF).
- Rob Feckner, Chair
- Theresa Taylor, Vice Chair
- Henry Jones
- Lisa Middleton
- David Miller
- Stacie Olivares
- Jason Perez
- Ramón Rubalcava
- Betty Yee
Pension & Health Benefits Committee
The Pension & Health Benefits Committee oversees all matters related to strategy, policy, structure, and actuarial studies as well as rate setting for pension, health, and CalPERS Long-Term Care Program administration. View the Delegation Resolution - Pension & Health Benefits Committee (PDF).
- Rob Feckner, Chair
- Ramón Rubalcava, Vice Chair
- Margaret Brown
- Henry Jones
- David Miller
- Eraina Ortega
- Theresa Taylor
- Shawnda Westly
- Betty Yee
Performance, Compensation & Talent Management Committee
The Performance, Compensation & Talent Management Committee oversees compensation mechanisms and criteria, and the hiring, termination, compensation, and long-term succession planning of key personnel. View the Delegation Resolution - Performance, Compensation & Talent Management Committee (PDF).
- Rob Feckner, Chair
- Eraina Ortega, Vice Chair
- Margaret Brown
- Lisa Middleton
- Stacie Olivares
- Theresa Taylor
- Shawnda Westly
Risk & Audit Committee
The Risk & Audit Committee oversees system soundness, enterprise risk management, internal and external audits, privacy and information security, ethics, compliance, and other independent reassurance activities. View the Delegation Resolution - Risk & Audit Committee (PDF, 1.11 MB).
- David Miller, Chair
- Lisa Middleton, Vice Chair
- Margaret Brown
- Fiona Ma
- Jason Perez
- Shawnda Westly
- Betty Yee
Recent Board Meetings
Board of Administration
Resources
- Delegation Resolution - Board Governance Committee (PDF)
- Delegation Resolution - Finance & Administration Committee (PDF)
- Delegation Resolution - Investment Committee (PDF)
- Delegation Resolution - Pension & Health Benefits Committee (PDF)
- Delegation Resolution - Performance, Compensation & Talent Management Committee (PDF)
- Delegation Resolution - Risk & Audit Committee (PDF, 1.11 MB)