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 and a subcommittee:

  • Board Governance
  • Finance & Administration
  • Global Governance Policy Ad Hoc Subcommittee
  • 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.

  • Bill Slaton, Chair
  • Richard Costigan, Vice Chair
  • Michael Bilbrey
  • Rob Feckner
  • Dana Hollinger
  • Henry Jones
  • Ron Lind

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.

  • Richard Costigan, Chair
  • Dana Hollinger, Vice Chair
  • Richard Gillihan
  • JJ Jelincic
  • Henry Jones
  • Bill Slaton
  • Betty Yee

Global Governance Policy Ad Hoc Subcommittee

The Global Governance Policy Ad Hoc Subcommittee recommends modifications to the Global Governance Policy and Legislative and Policy Engagement Guidelines. They are responsible for managing the Board Members' representation of CalPERS with third-party organizations.

  • Henry Jones, Chair
  • Bill Slaton, Vice Chair
  • JJ Jelincic
  • Ron Lind
  • Bill Slaton
  • Betty Yee

Investment Committee

The Investment Committee reviews and approves portfolio performance, asset allocation, investment transactions, and investment manager performance. They establish investment strategies and policies.

  • Henry Jones, Chair
  • Bill Slaton, Vice Chair
  • Michael Bilbrey
  • John Chiang
  • Richard Costigan
  • Rob Feckner
  • Richard Gillihan
  • Dana Hollinger
  • JJ Jelincic
  • Ron Lind
  • Priya Mathur
  • Theresa Taylor
  • 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.

  • Priya Mathur, Chair
  • Michael Bilbrey, Vice Chair
  • John Chiang
  • Rob Feckner
  • Richard Gillihan
  • JJ Jelincic
  • Henry Jones
  • Theresa Taylor
  • 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.

  • Michael Bilbrey, Chair
  • Priya Mathur, Vice Chair
  • John Chiang
  • Richard Costigan
  • Richard Gillihan
  • Ron Lind
  • Theresa Taylor

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.

  • Ron Lind, Chair
  • JJ Jelincic, Vice Chair
  • Rob Feckner
  • Priya Mathur
  • Bill Slaton
  • Theresa Taylor
  • Betty Yee

Recent Board Meetings