Members press CalPERS on responsiveness and CEO pay as system remains underfunded
Retirees told CalPERS they often do not receive answers from the board services unit and asked for justification of a CEO bonus while the system is reported at 79% funded with large liabilities; board member Yvonne Walker said compensation follows a preexisting formula and agreed to improve question acknowledgements.
The full story
At a CalPERS virtual town hall, retiree Deb asked why many member questions sent to the board services unit go unanswered and requested more accountability and transparency in the response process.
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