Nominations Deadline for Board Election Approaching
May 3, 2018
Communications & Stakeholder Relations
Contact: Jeanie Esajian, Information Officer
(916) 795-3991 - firstname.lastname@example.org
Nomination Forms and Candidate Statements Due May 17
SACRAMENTO, Calif. – CalPERS active members interested in seeking election to one of three seats on the Board of Administration have two weeks to complete the nomination process to become candidates.
The seats up for election represent state, school, and public agency active members. The incumbents in each seat have declared their intention to run for re-election: Theresa Taylor (state); Rob Feckner (school); and Priya Mathur (public agency). Only active members will be eligible to vote in the election.
The 13-member CalPERS Board of Administration sets policy for retirement and health benefits on behalf of California public employers, and their active and retired employees. The board also oversees asset allocation of the pension fund's investments. Under the California Constitution, the CalPERS Board has exclusive authority to administer the CalPERS Pension Fund.
Active CalPERS members interested in running for election to the board must submit a nomination petition accompanied by 250 valid signatures of CalPERS active members, the Nomination Acceptance/Ballot Designation form, and a candidate statement by 5 p.m. on May 17. Candidate statement addendums must be submitted by June 4. The order in which candidate names will appear on the ballot will be determined by a random drawing on June 5.
Ballots will be mailed August 31, and votes must be received by October 1. Votes can be cast online, by phone, or by mail. Tabulation will begin October 2, and newly elected members will take their seats January 16, 2019.
A runoff election may be held later in the year if a candidate fails to receive a majority of votes cast in each of the three elections.
Information on the upcoming board election and resources for members and candidates are available at www.calpers.ca.gov/boardelection.
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 $351 billion. For more information, visit www.calpers.ca.gov.