January 22, 2019

Communications & Stakeholder Relations
Contact: Jeanie Esajian, Information Officer
(916) 795-3991 - newsroom@calpers.ca.gov

ROHNERT PARK, Calif. – The CalPERS Board of Administration elected Henry Jones as board president and Theresa Taylor as vice president. Jones is serving his third term on the CalPERS Board and first term as its president.

"It's an honor to serve as president of the CalPERS Board," Jones said. "Having been part of the board for 11 years, I'm proud to be the first African-American to take this leadership role as we continue to provide pension and health security to our members. I want to thank my fellow board members for the confidence they have in me in electing me president."

Jones was elected by retired members to serve on the CalPERS Board, which he joined in 2008. He currently serves on the Investment; Finance and Administration; Pension and Health Benefits; and Performance, Compensation, and Talent Management committees. He has served as chair of the Investment Committee since 2012.

Prior to his retirement in 1998, Jones was chief financial officer of the Los Angeles Unified School District, the nation's second largest school district. He currently is a personnel commissioner for the Los Angeles Community College District and serves on the governing boards of the Robert Toigo Foundation and the Pacific Pension & Investment Institute.

The president oversees the board's business and sets meeting schedules and agendas with input from other board members and CalPERS executive staff. The president also makes appointments to board committees and represents CalPERS to outside parties.

Taylor represents state members on the CalPERS Board, which she joined in 2015. She currently serves on the board's Finance and Administration; Pension and Health Benefits; Board Governance; and Investment committees. She chairs the Finance and Administration Committee and serves as vice chair of the Pension and Health Benefits Committee.

She is a principal compliance representative for the state Franchise Tax Board and has been a state employee for 20 years. In 2015, Taylor was elected to serve as vice president/secretary-treasurer of the Service Employees International Union Local 1000, and also served* on the executive board of the California State Employees Association.

"We have important goals to accomplish and I'm pleased to contribute as vice president," said Taylor. "I look forward to continuing the work this board has done to strengthen our fund and provide the benefits that California's public servants have earned."

About CalPERS

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 health benefits for more than 1.5 million members and their families, making us the largest defined-benefit public **pension in the U.S. CalPERS' total market value currently stands at approximately $349 billion. For more information, visit www.calpers.ca.gov.

This release was updated on January 25, 2019

* — Changed "serves" to "served".

** — Changed “defined public-benefit” to “defined-benefit public”.