CalPERS Board Re-Elects Feckner as President; Elects Henry Jones as Vice President
January 20, 2015
Robert Udall Glazier, Deputy Executive Officer
Brad Pacheco, Chief, Office of Public Affairs
Contact: Joe DeAnda, Information Officer
SACRAMENTO, CA – The California Public Employees' Retirement System (CalPERS) Board of Administration unanimously re-elected Rob Feckner as Board president and elected Henry Jones as vice president. Feckner will be serving his 11th term as president, while it will be Jones' first vice presidential term.
"I'm humbled to be once again elected by my peers to lead the CalPERS Board," said Feckner. "I look forward to another term working on behalf of our members to ensure their fund continues to be sustainable for generations to come. In the past few years we have many accomplishments to be proud of but there's still much more to do to ensure we provide secure retirement and health benefits to California's hard-working public employees."
Feckner joined the CalPERS Board as the representative of CalPERS school members in 1999. He also serves on 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 38 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.
Jones, who is elected by retired CalPERS members, was first elected to the Board in 2008. In addition to serving as vice president, he serves as chair of the Investment Committee, and sits on the Board Governance, Finance & Administration, and Pension & Health Benefits Committees.
"I am honored to be elected vice president of the Board," said Jones. "I look forward to working in this new role with my colleagues, CalPERS staff and our constituents to make sure that we offer top-notch benefit programs for our members."
Jones retired from the Los Angeles Unified School District in 1998 as chief financial officer overseeing the $7 billion annual budget. He currently serves as a personnel commissioner for the Los Angeles Community College District, and as member of the governing board of the Robert Toigo Foundation, a nonprofit organization that encourages minorities and women to pursue careers in finance.
He is a member of the board of directors of Community Partners, a nonprofit organization that works with social entrepreneurs, grant makers and civic leaders to design solutions, foster, launch, and sustain powerful initiatives for change.
Jones also serves on the board of the Pacific Pension Institute, an educational organization that assists pension funds, corporations, financial institutions, and endowments worldwide with carrying out their fiduciary responsibilities, especially with respect to Asia and the Pacific region.
For more than eight decades, CalPERS has built retirement and health security for state, school, and public agency members who invest their lifework in public service. Our pension fund serves nearly 1.6 million members in the CalPERS retirement system and administers benefits for nearly 1.4 million members and their families in our health program, making us the largest defined-benefit public pension in the U.S. CalPERS’ total fund market value currently stands at approximately $293 billion. For more information, visit www.calpers.ca.gov.