The December 2018 Board of Administration meeting was notable for a couple of key reasons: We said goodbye to our board president, Priya Mathur, and Treasurer John Chiang, both of whom completed their final meeting as board members.
A few other key actions from the December meeting:
The Investment Committee heard an update on the proposal concerning our private equity program. As our highest performing asset class, private equity is critical to the success of our fund. It’s important that we address the questions concerning these proposals.
The board approved a new model (PDF) that creates three new regional boundaries for our health program. This will enable us to better negotiate health premiums for public agency and school members that are more closely aligned to the cost of care in the areas where they live. These new regions will be factored into the negotiations for health premiums that take effect beginning in 2020.
Holiday Cheer and Recognition
The full Board of Administration meeting began with the annual holiday performance by the CalPERS Chorus. Resolutions were also presented to outgoing board members President Priya Mathur and State Treasurer John Chiang. We are grateful to both board members for their outstanding service and dedication to CalPERS and our members.
January’s Board of Administration meeting will be held off-site in Rohnert Park, California. As with all CalPERS board meetings, this meeting will be open to the public. And you can also watch past meetings via our YouTube channel.
Meetings at CalPERS’ Sacramento headquarters will resume in February.