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Rob Feckner Elected CalPERS President - Robert Carlson Chosen V.P.

Date 16/02/2005

The California Public Employees’ Retirement System Board of Administration today unanimously elected Rob Feckner as its President and Robert F. Carlson as Vice President.

Feckner is a glazing specialist for the Napa Valley Unified School District. He was first elected to the CalPERS Board in 1998 and re-elected in 2002 by the System’s classified school members. He has been Board Vice President and Chairman of the Board Investment Committee for the past two years. Feckner is also a member of the statewide board of directors of the California School Employees Association following 15 years as a local chapter president.

“I am honored that my colleagues have chosen me to lead this organization during these challenging times,” said Feckner. “I intend to tap into the vast range of leadership of my fellow board members and our dedicated staff to involve as many of them as possible in working on both the state and national fronts to ensure that we continue to maintain decent retirement benefits and adequate, affordable health care benefits for California’s hard-working public servants and their employers.”

The Board President oversees the board’s conduct of business, sets meeting schedules and agendas with input from other Board Members and executive staff, makes appointments to Board policy committees, and represents CalPERS to outside parties.

Carlson is the senior member of the CalPERS Board, serving continuously since 1971. He was Board President from 1976 to 1985 and Vice President from 2000 to 2002. Carlson is elected by and from CalPERS retired members. Prior to his retirement in 1985, Carlson was Chief Counsel for the California Department of Transportation.

"I consider it a privilege and an honor to continue the important work on behalf of CalPERS members and their employers," Carlson said. "As a former public employee and now a retiree, I can relate first-hand to the concerns of our members. I intend to work closely with the President and my follow Board Members to protect the financial and health security of our members."

The Vice President carries out special duties assigned by the President and assumes all duties in the President's absence.

CalPERS is the largest public pension fund in the U.S. with more than $182 billion in assets. It administers retirement and health benefits for 1.4 million current and retired California public employees and their families.

For more information about CalPERS, visit www.calpers.ca.gov on the Internet.