betty yee – CORPaTH

CalPERS, CalSTRS need fresh skills to take on new risks, Betty Yee says

CORPaTH2022-12-19T10:12:16-08:00December 19th, 2022|Categories: Multiemployer Plans|Tags: betty yee, california, CalPERS, CALSTRS|

By Arleen Jacobius Source: Pensions & Investments Asset owners need a different set of tools to navigate their portfolios through the uncharted waters they find themselves in today, said Betty T. Yee, outgoing California state controller and member of the boards of CalPERS and CalSTRS. To get there, boards need more education related to these issues and risks including geopolitical and climate change, and to hire staff with different skill sets to augment the deep investment expertise plans already [...]

Controller Yee: ‘More work’ ahead for CalPERS board

Even though CalPERS is taking steps toward fixing its governance problem, officials at the $411.5 billion pension plan say the road ahead is long. California Controller Betty T. Yee, who sits on the boards of both California Public Employees' Retirement System, Sacramento, and the second-largest U.S. public pension plan, the $262.5 billion California State Teachers' Retirement System, West Sacramento, is helping drive the changes. Her duties on both boards give Ms. Yee an unobstructed view of the culture and [...]