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CalPERSCalifornia Public Employees' Retirement System
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Allow CalPERS investigators greater access to employment information from other state agencies.
We are in a seller's real estate market and there are opportunities for us to prune our portfolios and take some profits," said Sean Harrigan, President of the CalPERS Board.
Under CalPERS policy, a company financed through CalPERS private equity investment would be considered an outsourcer if in the last three years it or its affiliates converted or replaced existing public jobs in schools, public authorities or prisons with institutions staffed by private sector employees, including units such as mailrooms, and food, waste collection, health care, and security guard services.
She will report to CalPERS General Counsel Peter Mixon, Chief Executive Officer Fred Buenrostro and to the Board of Administration through its Finance Committee.
The new AMS system enables us to more efficiently generate, print, and distribute member statements by using the latest open-standard technologies," said Kathie Vaughn, Assistant Executive Officer, with CalPERS.
This innovative solution -- to develop new documents with the bottom line information -- enables us to provide important information to the public and still protect, as prescribed under the exemption to state disclosure laws, the kind of information that absolutely must be shielded to meet the public interest in obtaining high rates of return from a diversified public pension asset pool," said Peter Mixon, General Counsel for CalPERS.
CalPERS spokeswoman Pat Macht said officials there had not seen Richman's request and no one was available to comment Friday.
CalPERS, the largest real estate pension fund in the nation, provides retirement and health benefits to more than 1.
Burton's ability to communicate effectively with staff, government officials and special interest groups resulted in the passage of legislation highly favorable to CalPERS.
Richman, R-Granada Hills, wants auditors to find out whether California Public Employees Retirement System actuaries - responsible for assessing the soundness and return of investments - were subjected to undue political influence by CalPERS board members.
Under the contract, Accenture will help CalPERS transform its technology systems to meet the evolving needs of its employees and participants.