CalPERS formed an ad hoc risk management board committee, said Brad Pacheco, spokesman for the $173.8 billion system. The committee will develop a framework to assess and monitor risk across the entire organization.
Rob Feckner, CalPERS board president, will serve on the panel along with committee chairs George Diehr, investment; Henry Jones, investment policy; Priya Mathur, health benefits; Lou Moret, performance and compensation; Tony Oliveira, finance, and Kurato Shimada, benefits and program administration.
The ad hoc panel will elect a chairman at its first meeting April 20. Any policy recommendations from the committee are subject to full board approval.