Brown Wins CalPERS Board Seat in Runoff; Joins Miller on Board
December 12, 2017
Communications & Stakeholder Relations
Contact: Jeanie Esajian, Information Officer
(916) 795-3991 - email@example.com
New Members' Four-Year Terms Begin January 16, 2018
SACRAMENTO, CA - Margaret Brown was declared the unofficial winner today of the runoff election for a Member-at-Large seat on the CalPERS Board of Administration.
Brown and incumbent Michael Bilbrey faced each other in the runoff held for Position B after the September primary election, in which David Miller was elected to Position A.
All results are considered unofficial until formal certification by the California Secretary of State.
The unofficial election results indicate Brown received 77,969 votes, which represents 53 percent of the votes cast during the voting period of November 10 through December 11, 2017. Bilbrey received 69,123 votes, or 47 percent.
The runoff was triggered when none of the four candidates running for Position B received a majority of votes cast. In such a case, the two candidates with the highest number of votes — Brown and Bilbrey — vie in a runoff.
Brown and Miller will each serve four-year terms beginning January 16, 2018.
A graduate of the University of California, Riverside, Brown works for the Garden Grove Unified School District. Miller has served as a state regulator, labor leader, and mediator and is employed by the California Department of Toxic Substances Control.
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 active and retired employees. 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.
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 1.9 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 approximately $346 billion. For more information, visit www.calpers.ca.gov.