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Mathur Named Preliminary Winner of CalPERS Board Election With Disappointing Turnout

October 2, 2014
Preliminary election results were announced Wednesday for the California Public Employee Retirement System (CalPERS) Board of Administration elections.
 
With a disappointing turnout of only 6.8 percent (16,796 of close to 250,000 eligible voters of public agencies), unofficial numbers tabulated by CalPERS show that incumbent Priya Mathur captured 9,299 votes (56 percent) and her challenger, Leyne Milstein, Sacramento Director of Finance, received 7,497 votes (44 percent). The election occurred between Aug. 29 and Sept. 29. The California Secretary of State has yet to release formal certification of the results.

League of California Cities Executive Director Chris McKenzie commented on the results stating: "The League congratulates Priya Mathur on her reelection, but it shares the concern of others that less than 7 percent of the eligible voters actually cast ballots. Some drastic changes are needed in the CalPERS election process and laws to ensure a truly representative election. Such a low turnout is deeply troubling and suggests eligible voters do not understand their rights and what is at stake in the governance of CalPERS. The League also congratulates Leyne Milstein for her candidacy and ideas about how to make CalPERS an even better defined pension plan."
 
The 13-member CalPERS Board of Administration sets policy and oversees the administration of retirement and health benefits on behalf of California public employers and their employees and retirees. The Board also oversees administration of the Pension Fund's investments. Under the California Constitution, the CalPERS Board has exclusive authority to administer the CalPERS pension fund.

CalPERS is the largest public pension fund in the U.S., with approximately $300 billion in assets. CalPERS administers health and retirement benefits on behalf of 3,089 public school, local agency, and state employers. There are more than 1.6 million members in the CalPERS retirement system and more than 1.3 million in its health plans.
 
For more information about CalPERS, visit www.calpers.ca.gov.


 
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