This committee oversees compensation mechanisms and criteria, and the hiring, termination, compensation and long-term succession planning of key personnel.

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

Meeting Agenda for December 19, 2017

View Open Session Meeting Transcript (PDF)

1:00 pm - Open Session

Or Upon Adjournment of the Finance & Administration Committee – Whichever is Later

Open Session

  1. Agenda Items
    1. Call to Order and Roll Call (PDF)
    2. Executive Report (Oral Report)Doug Hoffner
    3. Consent Items
      Action Consent Items:Doug Hoffner
      1. Approval of the September 19, 2017 Performance, Compensation & Talent Management Committee Meeting Minutes (PDF)
    4. Consent Items
      Information Consent Items:Doug Hoffner
      1. Annual Calendar Review (PDF)
      2. Draft Agenda for the February 13, 2018 Performance, Compensation & Talent Management Committee Meeting (PDF)
  2. Information Agenda Items
    1. Executive Compensation Consultant Review: Incentive Metrics, Discretionary Modifier, and Outstanding Recommendations (PDF)Eric Gonzaga, Grant Thornton LLP
      1. Attachment 1 (PDF)
    2. Summary of Committee Direction (Oral Report)Doug Hoffner
    3. Public Comment


  1. Items designated for Information are appropriate for Committee Action if the Committee wishes to take action. Any Agenda Item from a properly noticed Committee meeting, held immediately prior to this Board meeting, may be considered by the Board.
  2. 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.
  3. Public comment may be taken on any agenda item. There is a three-minute limitation on each public comment, unless otherwise directed by the Committee Chair. (Cal. Code Regs., tit. 2, § 552.1.)
  4. Board Members may attend meetings of committees of which they are not members and participate in the discussions during those meetings.


CalPERS Headquarters
Robert F. Carlson Auditorium
Lincoln Plaza North
400 P Street
Sacramento, CA 95811

CalPERS Building Guide (PDF)


For your safety, attendees are screened upon entering the auditorium.