By Cathie Anderson
LA Fed president Yvonne Walker won the election for a seat representing retired public employees on the 13-member CalPERS Board of Administration for the next five years, according to voting results announced Thursday in Sacramento.
“I am honored to have the trust, confidence, and support of my fellow CalPERS retirees,” said the 63-year-old Walker. “I am ready to get to work to ensure all CalPERS retirees receive the secure retirement benefits they earned for years of hard work serving the people of California. I look forward to working with my fellow board members so that CalPERS continues to lead in showing how defined benefit pension systems can thrive.”
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As a member of the board, Walker will be responsible for setting policies for retirement and health benefits on behalf of California public employers and their active and retired employees. This body oversees the asset allocation of the pension fund’s estimated $449 billion investment portfolio.
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