News & Events

CalPERS September 2021 Board Meeting Preview

Meeting microphones.

This month the CalPERS Board will meet Monday, September 13, to Wednesday, September 15, via livestream as all board members and presenters will be participating from their respective remote locations.

The livestream can be viewed on the CalPERS website.

The board meetings are open to the public and comments are welcome. Comments can be submitted via telephone by calling (800) 259-4105.

A recording will be posted to the CalPERS YouTube channel approximately 48 hours after the meeting ends.

Full agendas are posted on our website, but here is a brief overview of the items the board will hear this month:

Monday’s Meeting

On Monday, September 13, the Investment Committee will hear two presentations related to the Asset Liability Management (ALM) process.

One presentation will focus on the Capital Market Assumptions (CMAs), which include projected asset returns, volatility, and correlation. The board will also hear a presentation on the discussion of candidate portfolios. For the Public Employees’ Retirement Fund (PERF), several sample candidate portfolio strategies will be covered along with a wide range of characteristics to illustrate the pros and cons of different strategies. Feedback from this discussion will be considered in the options and recommendation presented in November.

Board members will also hear the CalPERS Trust Level Review and Annual Program Reviews. In this presentation, team members from each asset class within the investment office will present their annual program review (PDF).

Tuesday’s Meeting

On Tuesday, September 14, the Finance and Administration Committee will meet to discuss Long-Term Care Valuation. This agenda item provides the results of the CalPERS Long-Term Care (LTC) Program’s annual actuarial valuation for the fiscal year ending June 30, 2020. As of June 30, 2020, the program’s funded status is 101%, increased from 69% last year, and the margin is positive 1.34%, increased from negative 85.46% last year.

Next Board Meeting

The board will meet again November 15-17, and the meeting will be livestreamed.