Congratulations to CSLEA-endorsed candidate Theresa Taylor who has been named a preliminary winner to fill the state seat on the California Public Employees' Retirement System (CalPERS) Board of Administration. The unofficial election results were released on October 1, 2014 after a voting period that took place from August 29 through September 29, 2014.
"Theresa Taylor has been an analyst at the Franchise Tax Board for 20 years, she has what it takes to deal with complex financial transactions and has a tremendous amount of respect for those who work in public service," said CSLEA President Alan Barcelona. "We think voters got this right."
According to the unofficial results, Taylor received 12,888 votes or 55 percent of the valid votes and will serve a 4-year term that begins on January 16, 2015. Taylor will be serving her first term on the CalPERS Board. She currently serves as a Principal Compliance Representative for the Franchise Tax Board.
The 13-member CalPERS Board of Administration sets policy and oversees the administration of retirement and health benefits on behalf of California public employers and their employees and retirees. The Board also oversees administration of the Pension Fund's investments. Under the California Constitution, the CalPERS Board has exclusive authority to administer the CalPERS pension fund.