The California Public Employees' Retirement System has approved a list of "core competencies" designed to help educate and train its members to better run the nation's largest public pension fund.
The list of topics board members must have knowledge of include understanding financial statements, economic principles and actuarial methods. CalPERS, which covers nearly 3 million workers and retirees in its health and pension plans, also said board governance, health care, pension plans, financial markets and communication were on the list of subjects approved by the board.
"The issues and topics we address are some of the most diverse and complex of any entity – public or private – in the country," said Rob Feckner, president of the board. "These criteria are designed to enhance the competency of the board and will help us better serve our members and employers."
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
