Miller Wins CalPERS Board Seat; Bilbrey and Brown in Runoff
October 3, 2017
Communications & Stakeholder Relations
Contact: Jeanie Esajian, Information Officer
Ballots to be Mailed November 10; Voting Deadline is December 11
SACRAMENTO, CA - David Miller was declared the unofficial winner today of one of the two Member-at-Large seats up for election to the Board of Administration of the California Public Employees' Retirement System.
In the vote for the other Member-at-Large seat, incumbent Michael Bilbrey and challenger Margaret Brown will face each other in a runoff election next month.
All results are considered unofficial until formal certification by the California Secretary of State.
The unofficial election results indicate Miller received 77,316 votes for Position A, which represents 63.71 percent of the votes cast during the voting period of September 1 through October 2, 2017. Michael Flaherman received 44,041 votes, or 36.29 percent.
The runoff between Bilbrey and Brown was triggered when none of the four candidates received a majority of votes cast. In such a case, the two candidates with the highest number of votes vie in a runoff for the Position B seat. Bilbrey received 49,801 votes, or 40.82 percent, while Brown received 43,132 votes, or 35.35 percent. A drawing for ballot position will be held at 9:00 a.m., Wednesday, October 4, at CalPERS headquarters.
Ballots for the runoff for Position B will be mailed on November 10, with voting concluding on December 11.
Miller and the winner of the runoff will each serve four-year terms beginning January 16, 2018.
Miller has served as a state regulator, labor leader, and mediator and is employed by the California Department of Toxic Substances Control. Bilbrey joined the CalPERS Board in 2011 and is completing his second term. He is employed by Citrus Community College. Brown works for the Garden Grove Unified School District.
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 1.8 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 approximately $337 billion. For more information, visit www.calpers.ca.gov.