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
Lisa Middleton, Vice Chair
Rob Feckner
Fiona Ma
Stacie Olivares
Eraina Ortega
Betty Yee

Finance & Administration Committee

The Finance & Administration Committee ensures financial soundness through oversight of financial statements and reporting as well as all budget matters. View the Delegation Resolution - Finance & Administration Committee (PDF).

David Miller, Chair
Theresa Taylor, Vice Chair
Henry Jones
Fiona Ma
Lisa Middleton
Stacie Olivares
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).

Theresa Taylor, Chair
David Miller, Vice Chair
Margaret Brown
Rob Feckner
Henry Jones
Fiona Ma
Lisa Middleton
Stacie Olivares
Eraina Ortega
Ramón Rubalcava
Shawnda Westly
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, 4.9 MB).