Rob Feckner and George Diehr will remain on the California Public Employees’ Retirement System (CalPERS) board of administration after it unanimously re-elected them as president and vice president respectively.
The re-election marks Feckner’s ninth term as president and Diehr’s sixth as vice president.
Feckner was first elected as the representative of CalPERS school members in 1998. Diehr first joined the pension fund’s board in 2002.
Feckner said: “My colleagues have shown tremendous trust in me to guide CalPERS and I appreciate their faith in my leadership. As we emerge from this recession, I am positive we will continue on the path of improved transparency, accountability and ethics that enhance our ability to provide retirement and health security to the public employees who serve our state.”
The re-election comes at the same time as news that CalPERS earned a 13.3 percent return on its investments for the 12-month period that ended 31 December 2012. The pension fund gained 7.1 percent in the first six months of the 2012/2013 fiscal year.
