CalPERS Board Re-Elects Feckner as President; Elects Priya Mathur as Vice President
January 14, 2014
External Affairs Branch
Robert Udall Glazier, Deputy Executive Officer
Brad Pacheco, Chief, Office of Public Affairs
Contact: Joe DeAnda, Information Officernewsroom@calpers.ca.gov
MONTEREY, CA - The California Public Employees' Retirement System (CalPERS) Board of Administration unanimously re-elected Rob Feckner as Board president and elected Priya Mathur as vice president. Feckner will be serving his 10th term as president, while it will be Mathur's first vice presidential term. She replaces George Diehr who has served as vice president for the last six years.
"Once again, I'm humbled by the trust my colleagues have placed in me and I appreciate their faith in my leadership," said Feckner. "This is an exciting time at CalPERS, as many of the reforms we've made in the last few years are starting to bear fruit. There's still much work to do, but I'm confident that we will continue to improve our ability to provide retirement and health security to the public employees who serve our state."
Feckner joined the CalPERS Board as the representative of CalPERS school members in 1999. He also chairs the Board Governance committee, and is a member of the Investment, Pension and Health Benefits, and Risk and Audit committees.
Feckner has worked for the Napa Valley Unified School District for the past 37 years. He is the past president of the California School Employees Association and is past executive vice president of the California Labor Federation.
The Board president oversees the Board's business, sets meeting schedules and agendas with input from other Board Members and Executive Staff, makes appointments to board committees and represents CalPERS to outside parties.
Mathur, who is elected by public agency members, was first elected to the CalPERS Board in 2003. In addition to serving as vice president, she also chairs the Pension & Health Benefits committee; vice-chairs the Performance, Compensation & Talent Management and Risk & Audit committees; and serves on the Board Governance and Investment committees.
"I am honored to be elected vice-president of the Board," said Mathur. "I look forward to working in this capacity with my colleagues, our dedicated staff and our constituents to make sure that we offer well-managed, high-quality benefit programs for California's hard-working public employees."
Ms. Mathur is a principal financial analyst for Bay Area Rapid Transit District. In that role, she finances multi-billion dollar infrastructure projects. She also serves on the Board of the United Nations-supported Principles for Responsible Investment, an international network of investors working together to support investors in incorporating sustainability issues into their investment decision making and ownership practices.
CalPERS is the largest public pension fund in the U.S., with more than $280 billion in assets. We administer health and retirement benefits on behalf of 3,064 public school, local agency and state employers. Our members number more than 1.6 million in our retirement system and more than 1.3 million in our health plans. For more information about CalPERS, visit www.calpers.ca.gov.