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CalPERS November 2019 Board Meeting Recap

CalPERS Board Meeting Recap

The CalPERS Board met from Monday, November 18, through Wednesday, November 20, at the CalPERS headquarters in Sacramento, California.

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, the board heard the annual review of both the private equity and real asset programs. The reviews highlighted the success of each program and also discussed how more and more investors are turning to the private markets for the potentially higher returns they might offer.

The Investment Committee also heard an update on CalPERS’ five-year strategic plan for sustainable investments. The plan, which was first adopted in 2016, lays out how we are working to ensure that the companies we invest in can thrive and prosper for decades.

Board Governance Committee

The Board Governance Committee also met on Monday and signed off on the 2020 meeting calendar. Next year, committees will meet a minimum of four times a year and our board will meet those same four months, as well as January and July.

Pension & Health Benefits Committee

On Tuesday, Don Moulds, our chief health director, and Dr. Julia Morgan, our chief medical officer, led a presentation on mental health access, with representatives from the California Department of Managed Health Care and Kaiser also presenting. The importance of this issue to our members can’t be overstated. Our health teams work every day to ensure that the plans we contract with offer a wide range of services, including access to treatment that is simple and quick.

Finance & Administration Committee

Also on Tuesday, the 2018-19 basic financial statements were approved. This sets the stage for the release next month of the Comprehensive Annual Financial Report, or CAFR.

Next Board Meeting

The next board meeting will be December 16-18 at the CalPERS headquarters in Sacramento.