September 28, 2016

Communications & Stakeholder Relations
(916) 795-3991
Brad W. Pacheco, Deputy Executive Officer
Wayne Davis, Chief, Office of Public Affairs
Contact: Amy Morgan, Information Officer
newsroom@calpers.ca.gov

SACRAMENTO, CA - Cheryl Eason, California Public Employees' Retirement System (CalPERS) chief financial officer (CFO), has been appointed to the Government Finance Officers Association (GFOA) Committee on Retirement and Benefits Administration (CORBA).

"Cheryl is a proven leader and her knowledge and experience will continue to shape the financial path of retirement and pension policies - for CalPERS and the industry," said Richard Costigan, chair of the CalPERS Board's Finance & Administration Committee.

GFOA promotes excellence in state and local government financial management and represents public finance officials throughout the United States and Canada. The CORBA reports to the Executive Board and works with state and local administrators, trustees, and personnel officials to effectively manage state and local retirement funds and employee benefits. The committee tracks new industry practices and regulatory and legislative developments, and issues best practices to assist public pension and personnel officers.

"This appointment represents Cheryl's ability to raise the level of standards in finance, compliance, and risk," said Douglas Hoffner, CalPERS' Interim Chief Executive Officer. "Her accomplishments have helped CalPERS make significant strides to lower risk and reduce volatility to our pension fund."

Committee appointments are made by the GFOA president. Eason will serve a three-year term on the CORBA effective immediately through September 15, 2019.

Eason is CalPERS' first CFO, and was hired in 2012.

More information about Eason is available in her biography.

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 1.8 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 $304 billion. For more information, visit www.calpers.ca.gov.