Board of Administration | Wednesday, November 19, 2025

California Public Employees Retirement System Board of Administration · November 20, 2025

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Opening, roll call and Welcome

Presentation

19:12 → 20:56(1m 44s)

President Taylor opened the meeting, called the roll and noted attendance. She previewed the agenda and read the president's opening remarks including recognition of Veterans Day and introduction of Alyssa Albright to lead the Pledge of Allegiance.

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Board meeting of the California Public Employees Retirement System (CalPERS) with committee reports, several routine votes, a staff presentation and board vote to sponsor legislation to discontinue the Actuarially Equivalent Reduction (AER) for new service‑credit purchases, and a lengthy public comment period raising litigation and benefits-administration concerns.

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Transcript

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