Joseph “J.J.” Jelincic, a lower-level real estate investment officer at CalPERS, was elected to the $201.1 billion system’s board, while Kurato Shimada was re-elected to the board.
Both will have four-year terms as members-at-large of the 13-member board at the California Public Employees’ Retirement System, Sacramento, effective Jan. 16, according to a news release.
Spokesman Clark McKinley said CalPERS employees are not prohibited from serving on the board, and although Mr. Jelincic will not be paid the $100-per-meeting fee given to CalPERS board members, he will be given time off to attend meetings.
Mr. Jelincic is past president of the California State Employees Association.
Mr. Shimada is a retired supervisor of operations for Oak Grove School District in San Jose. He served on the CalPERS board from 1987 until his retirement from Oak Grove in 1999, and was later elected as member-at-large in 2002.
Board members are elected by active and retired CalPERS participants.
Mr. Jelincic won a runoff to replace Charles Valdes, whose term expires Jan 16. Unofficial runoff results indicate Mr. Jelincic received 51% of the votes cast while candidate Cathy Hackett, received 49%. Mr. Shimada received 83% of votes cast, while candidate Inderjit Singh Kallirai received 17%.
Around 17% of the eligible active and retired participants voted in the runoff election, according to the news release.
Mr. Valdes last month agreed to pay a $12,500 fine for CalPERS campaign violations dating back to 2005. He had been under investigation of accepting contributions from people working or associated with Alfred Villalobos, a former CalPERS board member and a pension fund placement agent currently under investigation by CalPERS.
Formal certification of the results by the California secretary of state is expected within the next two weeks.
