CalPERS Board of Administration


Elected representative of public agency members


  • Board Governance, Chair
  • Investment
  • Pension & Health Benefits
  • Performance, Compensation & Talent Management
  • Risk & Audit

Board Terms1:

  • 2015-19 (current term)
  • 2011-15
  • 2007-11
  • 2003-07

Priya Mathur is CalPERS' first female board president. She is serving her fourth term as a member of the CalPERS Board of Administration.

She is a principal financial analyst for Bay Area Rapid Transit District (BART). Before joining BART, she was a consultant with Public Financial Management Inc., a leading advisor to local governments.

For more than 10 years Priya chaired CalPERS' Pension & Health Benefits Committee, which oversees the $9 billion Health Benefits Program on behalf of 1.4 million members and their beneficiaries.

She favors making investment decisions with a view to long-term objectives and risks, incorporating sustainability factors that could impact the fund's performance over the long term. These considerations were incorporated into the development of CalPERS' Investment Beliefs, adopted in 2013, which she championed. The Investment Beliefs provide the framework for CalPERS' investment program.

For five years Priya has also served as a member of the Principles for Responsible Investment (PRI) Board. CalPERS is a founding signatory of PRI, a United Nations-supported organization that promotes active ownership and responsible investment throughout the investment ecosystem.

She has a master's degree in business administration from the Haas School of Business, University of California, Berkeley, and a bachelor's degree in economics and literature from Connecticut College.

1Elected Board members serve four-year terms that begin January 16 of the term and end January 15.