CalPERS Board Re-Elects Rob Feckner as President, Henry Jones as Vice President
January 19, 2016
Communications & Stakeholder Relations
Brad W. Pacheco, Deputy Executive Officer
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 Henry Jones as Vice President. Feckner will be serving his 12th term as president, while it will be Jones' second 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 pension fund continues to be sustainable for generations to come. In the past few years we have many accomplishments to be proud of, and I'm committed to add many more for 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 and Pension & Health Benefits committees.
Feckner has worked for the Napa Valley Unified School District for the past 39 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 sits on the Board Governance, Finance & Administration, Pension & Health Benefits, and Investment committees.
"I am honored to again be elected Vice President of the Board," said Jones. "I look forward to working with my colleagues, CalPERS staff, and our constituents on the important business of administering pensions and health benefits to 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.
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 more than 1.7 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 $276 billion. For more information, visit www.calpers.ca.gov.