January 17, 2023

Communications & Stakeholder Relations
Contact: Colin Steiner, Information Officer
(916) 795-3991 - newsroom@calpers.ca.gov

SACRAMENTO, Calif. – The CalPERS Board of Administration has re-elected Theresa Taylor as board president and David Miller as vice president.

“It’s my privilege to be re-elected as president of the CalPERS board,” Taylor says. “Given the economic turbulence and volatility in global markets, the work of this board is critical now, more than ever. I will continue do my best to ensure that the hard-earned benefits of California’s public servants are secure and sustainable.”

Taylor is beginning her third term on the board and second as president. She was first elected to her seat by state employee members in 2015. She currently serves as the chair of the pension fund’s Board Governance committee. In addition, Ms. Taylor serves on the Finance & Administration, Investment, Pension & Health Benefits and the Performance, Compensation & Talent Management committees.

Taylor is a principal compliance representative at the Franchise Tax Board and has worked for the state for more than 25 years. She has also served as vice president/secretary-treasurer for the Service Employees International Union (SEIU) Local 1000 and on the executive boards of SEIU Local 1000 and SEIU State Council.

The president oversees the board's business and sets meeting schedules and agendas with input from other board members and CalPERS executive team. The president also makes appointments to board committees.

Miller is serving his second term on the board. He was first elected by active and retired CalPERS members in 2017. He currently serves as chair of the Investment committee, and vice chair of both the Risk & Audit and Finance committees. In addition, he serves on the Board Governance, Pension & Health Benefits, and Performance, Compensation & Talent Management committees.

Miller has more than 25 years of public service specializing in environmental regulatory programs, pollution prevention, environmental technology development, and performance management.

“I’m excited for the opportunity to serve as CalPERS board vice president,” said Miller. “This is another way to help serve those who serve California.”

Miller replaces Rob Feckner as Vice President. Feckner served on the CalPERS Board since 1999 and resigned in 2022.

About CalPERS

For more than eight decades, CalPERS has built retirement and health security for state, school, and public agency members who invest their lifework in public service. Our pension fund serves more than 2 million members in the CalPERS retirement system and administers benefits for more than 1.5 million members and their families in our health program, making us the largest defined-benefit public pension in the U.S. CalPERS' total fund market value currently stands at approximately $457 billion. For more information, visit www.calpers.ca.gov.