Risk and Audit Committee | Wednesday, June 17 2026

California Public Employees Retirement System Board of Administration · June 17, 2026

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Enterprise compliance & risk program overview

Presentation

5:28 → 9:52(4m 24s)

Compliance staff presented the multi-year compliance and risk roadmap for fiscal year 2627 focused on people, processes and technology; presenters said the technology track is closed and future work will focus on process and governance improvements. The presentation outlined three initiatives: (1) assess and report risk including risk and control self-assessments and a regulatory change management framework; (2) minimize risk by strengthening assurance, monitoring and conflicts-of-interest governance; (3) educate and cultivate an ethical, risk‑intelligent culture and expand training and the 'C

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CalPERS board and committees reviewed and approved enterprise compliance, audit, and actuarial work plans for fiscal year 2627; heard Plante Morans independent auditor plan and Chirons parallel actuarial valuation (which reported close alignment with CalPERS numbers); and adopted updated actuarial assumptions for the judges and legislators' systems. Members of the public raised concerns about aged employer-audit findings, retired-annuitant issues, and private-equity valuation/tax-distribution practices.

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No transcript available.