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 February 20, 2019

View Open Session Meeting Transcript (PDF)

Open Session

10:00 a.m.
Or upon adjournment of the Board of Administration Full Board Hearing – Whichever is later

  1. Item
    1. Call to Order and Roll Call (PDF)
    2. Election of the Performance, Compensation & Talent Management Committee Chair and Vice Chair

Closed Session

Upon adjournment or recess of Open Session (Government Code sections 11126(a)(1) and (g)(1))

    1. Call to Order and Roll Call
    2. Approval of the September 25, 2018 Performance, Compensation & Talent Management Committee Closed Session Meeting MinutesTina Campbell
    3. Semiannual Status Report on Incentive Plan of the Chief Executive OfficerMarcie Frost

Open Session

Upon adjournment of the Closed Session

    1. Call to Order and Roll Call (PDF)
    2. Approval of the February 20, 2019 Performance, Compensation & Talent Management Committee Timed Agenda (PDF)
    3. Executive Report (Oral Report)Doug Hoffner
    4. Action Consent ItemsDoug Hoffner
      1. Approval of the December 18, 2018 Performance, Compensation & Talent Management Committee Meeting Minutes (PDF)
      2. Review of the Performance, Compensation & Talent Management Committee Delegation (PDF)Tina Campbell
        1. Attachment 1 (PDF)
        2. Attachment 2 (PDF)
    5. Information Consent ItemsDoug Hoffner
      1. Annual Calendar Review (PDF)
      2. Draft Agenda for the April 16, 2019 Performance, Compensation & Talent Management Committee Meeting (PDF)
    6. Action Agenda Items
      1. Semiannual Status Report on Incentive Plan of the Chief Executive Officer (PDF)Tina Campbell
        1. Attachment 1 (PDF)
      2. Salary and Incentive Options for Investment Management Positions (PDF)Tina Campbell
        Eric Gonzaga and Eric Myszka of Grant Thornton LLP
        1. Attachment 1 (PDF)
    7. Information Agenda Items
      1. Summary of Committee Direction (Oral Report)Doug Hoffner
      2. Public Comment

Notes

  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 Presiding Officer. (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.


Location

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

Parking
CalPERS Building Guide (PDF)

Security

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