July 25, 2016

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

Position key to sound, long-term sustainability of the System

SACRAMENTO, CA - The California Public Employees' Retirement System (CalPERS) has begun its search for a new Chief Actuary to lead its Actuarial Office and provide independent counsel to CalPERS leadership and Board on actuarial valuations, assumptions and policies, rate structure, and funding of the CalPERS System and related funds.

This search is being led by New York-based Heidrick & Struggles. View a full description of the Chief Actuary career opportunity, including the ideal candidate profile and professional competencies.

Interested parties may contact:

Heidrick & Struggles
c/o Mary MacDonald, Principal
233 S. Wacker Drive, Suite 4900
Chicago, IL 60606
calperschiefactuary@heidrick.com

Under the direction of the Chief Executive Officer, the Chief Actuary promotes the sound and secure operation of all CalPERS enterprises through a number of activities, including:

  1. Oversight of all the various units and functions within the Actuarial Office (ACTO) and the planning, organization, direction, and evaluation of work of the actuarial staff
  2. Evaluation, development, and implementation of actuarial policies and procedures
  3. Ensuring that all actuarial functions are performed with independence and in conformance with professional standards

The Chief Actuary provides briefings and independent, expert consultation and advice to executive management, the Board's Finance & Administration Committee, and the Board of Administration, and participates in the development, implementation, and review of CalPERS' strategic plans.

The CalPERS Chief Actuary represents the organization to a wide variety of external audiences, including the state Legislature, external auditors, compliance agencies, and stakeholders, advocating for sensible policies that affect public pension plans.

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 more than 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 more than $302 billion. For more information, visit www.calpers.ca.gov.