News & Events

CalPERS June 2021 Board Meeting Recap

CalPERS Board Meeting Recap

The CalPERS Board met from Monday, June 14, through Wednesday, June 16, via livestream as all board members and presenters participated from their respective remote locations.

A recording of all the public meetings has now posted to the CalPERS YouTube Channel.

Here are some highlights from this month’s meetings:

Investment Committee

On Monday, Anne Simpson, managing investment director of Board Governance & Sustainability, provided an update to the board on the Sustainable Investment Strategic Plan. The five-year plan, which started in 2016 and concludes at the end of this year, focuses on six strategic priorities.

The report (PDF) highlights how Research, Data & Corporate Reporting, Climate Change, Diversity & Inclusion, Private Equity & Profit/Fee Sharing Transparency, and Manager Expectations impact sustainable investment.

Pension & Health Benefits Committee

On Tuesday, the 2022 Health Maintenance Organization (HMO) and 2022 Preferred Provider Organization (PPO) proposed health premium rates were presented. The preliminary overall average increase is 4.92% including recommended Health Care Fund adjustments. Final rates will be presented to the board for approval at the July offsite.

For more information on this coming year’s health plans, check out our Health Plan Changes for 2022 post or visit our Health Plan Changes for 2022 page on our website.

Next Board Meeting

The board will meet offsite July 12-14, and the meeting will be livestreamed. View the full schedule on our Board Meetings Calendar page.