Theresa Taylor, Priya Mathur Named Preliminary Winners of CalPERS Board Election
October 1, 2014
External Affairs Branch
Robert Udall Glazier, Deputy Executive Officer
Brad Pacheco, Chief, Office of Public Affairs
Contact: Amy Morgan, Information Officer
SACRAMENTO, CA – Theresa L. Taylor and Priya Mathur are the preliminary winners to fill the state and public agency member seats on the Board of Administration for the California Public Employees' Retirement System (CalPERS) according to unofficial results released today by the Pension Fund. Formal certification of the results must be made by California's Secretary of State.
The unofficial election results indicate Taylor was elected to the state agency seat by receiving 12,888 votes, 55 percent of the valid votes cast during the voting period that took place from August 29 through September 29, 2014. Unofficial election results also indicate Mathur was re-elected to the public agency seat by receiving 9,299 votes, 56 percent of the valid votes cast. More than 40,000 active state and public agency CalPERS members voted in the election.
Both Taylor and Mathur will serve 4-year terms that begin on January 16, 2015.
Taylor will be serving her first term on the CalPERS Board. She currently serves as a Principal Compliance Representative for the Franchise Tax Board.
Mathur was first elected to the CalPERS Board in 2003 and currently serves as Board Vice President. Mathur also serves as Chair of the Pension & Health Benefits Committee and Vice Chair of the Board Governance and Performance, Compensation & Talent Management Committees. She sits on the CalPERS Investment and Risk & Audit Committees and serves as a Principal Financial Analyst for Bay Area Rapid Transit District.
The 13-member CalPERS Board of Administration sets policy and oversees the administration of retirement and health benefits on behalf of California public employers and their employees and retirees. The Board also oversees administration of the Pension Fund's investments. Under the California Constitution, the CalPERS Board has exclusive authority to administer the CalPERS pension fund.
CalPERS is the largest public pension fund in the U.S., with approximately $300 billion in assets. CalPERS administers health and retirement benefits on behalf of 3,089 public school, local agency, and state employers. There are more than 1.6 million members in the CalPERS retirement system and more than 1.3 million in its health plans. For more information about CalPERS, visit www.calpers.ca.gov.