The State Worker

Jon Ortiz chronicles civil-service life for California state workers

CalPERS sets knowledge standards for board members

12/05/2013 3:21 PM

12/05/2013 3:23 PM

CalPERS’ governing board aims to up its collective understanding of everything from financial statements to financial markets with a new set of “core competencies” that will help shape education and training.

The policy, which the board is imposing on itself, also requires board members to have familiarity with topics ranging from health care and pension plans to board governance and communication.

"The issues and topics we address are some of the most diverse and complex of any entity - public or private - in the country," Rob Feckner, president of CalPERS’ 13-member board, said in a press statement. "These criteria are designed to enhance the competency of the Board and will help us better serve our members and employers."

The board is comprised of elected, appointed and ex officio members such as the state treasurer and the state controller, who often send surrogates to meetings. That constitutionally-mandated composition occasionally becomes a target of critics who have said, among other shortcomings, that the board is ill-equipped to thoughtfully process policies that impact some 1.6 million members and assets that currently stand at $276 billion.

Last year, Gov. Jerry Brown suggested shaking up the board’s composition to eliminate some board positions and add others, including a seat for the governor’s finance director, an independent health insurance expert, and a representative of a contracting agency. Brown said the changes would increase the board’s breadth of knowledge. He later dropped the idea.

About This Blog

Jon Ortiz launched The State Worker blog in 2008 to cover state government from the perspective of California government employees. Every day he filters the news through a single question: "What does this mean for state workers?" Join Ortiz for updates and debate on state pay, benefits, pensions, contracts and jobs. Contact him at jortiz@sacbee.com or 916-321-1043. Twitter: @TheStateWorker.

 

Join the Discussion

The Sacramento Bee is pleased to provide this opportunity to share information, experiences and observations about what's in the news. Some of the comments may be reprinted elsewhere on the site or in the newspaper. We encourage lively, open debate on the issues of the day, and ask that you refrain from profanity, hate speech, personal comments and remarks that are off point. Thank you for taking the time to offer your thoughts.

Terms of Service