Board Committees
Board members serve on committees to review specific programs, projects, or issues and make recommendations to the board. The Board of Administration consists of six committees:
- Board Governance
- Finance & Administration
- Investment
- Pension & Health Benefits
- Performance, Compensation & Talent Management
- Risk & Audit
Each board member serves on at least one committee. Each committee generally meets once each month.
Board Governance Committee
The Board Governance committee is responsible for the board's self-management, governance practices, and accountability as pension fund fiduciaries. They manage governance protocols and policies. View the Delegation Resolution - Board Governance Committee (PDF).
- Theresa Taylor, Chair
- David Miller, Vice Chair
- Malia M. Cohen
- Fiona Ma
- Eraina Ortega
- Ramon Rubalcava
- Yvonne Walker
Finance & Administration Committee
The Finance & Administration Committee ensures financial soundness through oversight of financial statements and reporting as well as all budget matters. View the Delegation Resolution — Finance & Administration Committee (PDF).
- Lisa Middleton, Chair
- David Miller, Vice Chair
- Fiona Ma
- Jose Luis Pacheco
- Ramon Rubalcava
- Theresa Taylor
- Yvonne Walker
Investment Committee
The Investment Committee reviews and approves portfolio performance, asset allocation, investment transactions, and investment manager performance. They establish investment strategies and policies. View the Delegation Resolution - Investment Committee (PDF).
- David Miller, Chair
- Theresa Taylor, Vice Chair
- Malia M. Cohen
- Fiona Ma
- Lisa Middleton
- Eraina Ortega
- Jose Luis Pacheco
- Kevin Palkki
- Ramon Rubalcava
- Yvonne Walker
- Mullissa Willette
- Gail Willis
Pension & Health Benefits Committee
The Pension & Health Benefits Committee oversees all matters related to strategy, policy, structure, and actuarial studies as well as rate setting for pension, health, and CalPERS Long-Term Care Program administration. View the Delegation Resolution - Pension & Health Benefits Committee (PDF).
- Ramon Rubalcava, Chair
- Kevin Palkki, Vice Chair
- Malia M. Cohen
- David Miller
- Eraina Ortega
- Jose Luis Pacheco
- Theresa Taylor
- Yvonne Walker
- Mullissa Willette
Performance, Compensation & Talent Management Committee
The Performance, Compensation & Talent Management Committee oversees compensation mechanisms and criteria, and the hiring, termination, compensation, and long-term succession planning of key personnel. View the Delegation Resolution - Performance, Compensation & Talent Management Committee (PDF).
- Mullissa Willette, Chair
- Kevin Palkki, Vice Chair
- Lisa Middleton
- Eraina Ortega
- Jose Luis Pacheco
- Theresa Taylor
- Yvonne Walker
Risk & Audit Committee
The Risk & Audit Committee oversees system soundness, enterprise risk management, internal and external audits, privacy and information security, ethics, compliance, and other independent reassurance activities. View the Delegation Resolution - Risk & Audit Committee (PDF, 4.9 MB).
- David Miller, Chair
- Lisa Middleton, Vice Chair
- Malia M. Cohen
- Fiona Ma
- Jose Luis Pacheco
- Kevin Palkki
- Mullissa Willette
Recent Board Meetings
Board of Administration
Resources
- Delegation Resolution - Board Governance Committee (PDF)
- Delegation Resolution - Finance & Administration Committee (PDF)
- Delegation Resolution - Investment Committee (PDF)
- Delegation Resolution - Pension & Health Benefits Committee (PDF)
- Delegation Resolution - Performance, Compensation & Talent Management Committee (PDF)
- Delegation Resolution - Risk & Audit Committee (PDF, 1.11 MB)