The California Public Employees' Retirement System (CalPERS) has welcomed Bill Slaton to the pension fund's board of administration.
Slaton, a publicly elected director on the board of the Sacramento Municipal Utility District (SMUD), was appointed by California's governor, Jerry Brown, to serve on the CalPERS Board as the local government elected official, one of two seats appointed by the Brown.
CalPERS board president Rob Feckner said of the appointment: "His experience and perspective as a local government official will be valuable as we work with our contracting cities, counties and special districts to deliver long-term pension and health benefits."
Slaton is the current vice president of the SMUD board and was first elected as a director in November 2002 to represent Ward 7, which includes North Highlands, Carmichael, Antelope and Foothill Farms. He served as the board's president in 2005.
Anne Stausboll, the pension fund's chief executive officer, said that the fund’s local employers were facing some difficult fiscal challenges, and so were eager for Slaton’s contributions to help find long-term solutions.
