CalPERS to appoint CFO, place limits on staff departures
The California Public Employee Retirement System will introduce a CFO position and toughen the timelines for when board members and staff can move to certain other jobs. The provisions, aimed at improving accountability, are included in new legislation signed by California Governor Jerry Brown. The changes will come into effect on January 1.
CalPERS, which has $217.1 billion under management, appointed Russell G. Fong, interim assistant executive officer of its administrative services branch, as acting CFO on April 4. Board members and certain...
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