The California Public Employees’ Retirement System (CalPERS) Board of Administration today unanimously re-elected Rob Feckner as Board president and George Diehr as vice president. Feckner is serving his seventh term as president and Diehr is serving his fourth term as vice president.
“I appreciate the trust that my fellow Board Members have shown in me to lead this organization during very challenging times,” said Feckner. “As we continue to emerge from the Great Recession, I am confident that we will strengthen our ability to provide the retirement and health security that public employees deserve and the high-quality and efficient service needed by public employers.”
Feckner is elected to the CalPERS Board by the pension fund’s school members. He was first elected in 1998. In addition to being Board president, Feckner also chairs the Board’s Benefits and Program Administration and Ad Hoc Board Governance committees, and is a member of the Investment, Health Benefits, and Ad Hoc Risk Management committees.
Feckner has worked for the Napa Valley Unified School District for the past 34 years. He is also the past president of the California School Employees Association and is currently executive vice president of the California Labor Federation.
The Board President oversees the Board’s business, sets meeting schedules and agendas with input for other Board Members and Executive Staff, makes appointments to board policy committees, and represents CalPERS to outside parties.
Diehr, who is elected by State employees, including employees of the California State University system, was first elected to the CalPERS Board in 2002. In addition to serving as vice president, he also chairs the Investment Committee, is vice-chair of the Benefits and Program Administration and Ad Hoc Board Governance committees, and is a member of the Health Benefits, Performance and Compensation, Ad Hoc Risk Management committees, and the Investment Policy Subcommittee. Diehr also represents CalPERS on the board of the National Coalition on Health Care.
“I am grateful for the opportunity to continue serving in a leadership capacity at CalPERS,” said Diehr. “I look forward to working with my fellow Board Members, CalPERS staff, and our constituents to make sure that we offer well-managed, high-quality benefit programs for the hard-working public employees of California.”
Dr. Diehr has been a professor in the College of Business Administration at California State University, San Marcos, since 1990. He is also active in the California Faculty Association. The Board vice president assumes the president’s duties when the president is absent and carries out special duties assigned by the Board president.
CalPERS is the largest public pension fund in the U.S. with approximately $229 billion in assets. The retirement system administers retirement benefits for more than 1.6 million current and retired California State, public school, and local public agency employees and their families on behalf of 3,000 public employers in the state, and health benefits for 1.3 million enrollees. For more information about CalPERS, visit www.calpers.ca.gov.
