President of nation’s largest public pension fund unseated
Corona police officer
Perez received 9,208 votes while Mathur received 7,008,
It was Perez's first run for the board. He's said he worries about the
The system has enough money to cover roughly 70 percent of the money it owes to 1.8 million members
"I'm selfish; I want to retire," he said when he announced his campaign, according to the Bee.
He's previously objected, for instance, to calls for the fund to stop investing in companies that sell assault weapons and devices that allow guns to fire more rapidly.
Mathur is a
She had argued that she helped the fund avoid sharp increases in health care costs and to gird itself for an economic slump.
Perez's candidacy was supported by CalPERS board member
The fund has a 13-member board, including the state controller, the state treasurer, four members appointed by the governor and one appointed by the Legislature. The remaining six are elected by public employees and retirees.
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