Voting in the CalPERS Board of Administration election is one of the most direct ways for public employees and retirees to influence the management of their retirement funds. The Board of Administration oversees the California Public Employees’ Retirement System, which is the largest public pension fund in the United States. This board makes critical decisions regarding investments, health benefit programs, and the long-term sustainability of the system.
For many members, the election process can seem complicated or easy to overlook among daily responsibilities. However, participating in these elections ensures that the individuals making decisions about your pension and healthcare benefits represent your interests. This guide provides a clear, step-by-step overview of how the election process works, how to research candidates, and the various ways you can cast your vote.
Understanding the CalPERS Board of Administration
The CalPERS Board of Administration consists of 13 members who serve as fiduciaries. This means they are legally required to act in the best interest of the members and beneficiaries of the system. Their roles involve high-level oversight of the fund’s assets and the administration of benefits for millions of workers.
The board is composed of a mix of elected, appointed, and ex-officio members. The elected positions are chosen directly by the CalPERS membership. These seats represent specific groups, such as active state members, school members, public agency members, and retirees. Because these individuals have a direct say in how your money is invested, choosing the right candidate is essential for your financial future.
The Power of the Board
The board is responsible for setting the asset allocation for the investment portfolio. They decide how much money goes into stocks, bonds, real estate, and private equity. These decisions determine the growth of the fund and its ability to pay out benefits for decades to come.
Additionally, the board negotiates contracts with health insurance providers. They help determine the premiums and the quality of care available to members. By voting, you are choosing the people who will sit at the negotiating table on your behalf.
Who Is Eligible to Vote?
Eligibility to vote in a CalPERS election depends on the specific board seat that is up for election. Generally, you must be an active or retired member of CalPERS to participate. The system is divided into different constituencies to ensure all types of public employees have a voice.
- Active Members: If you are currently working for a California state agency, a public school, or a participating local government agency, you are considered an active member.
- Retired Members: If you are currently receiving a monthly retirement allowance from CalPERS, you are eligible to vote for the retiree representative.
- Inactive Members: In some cases, members who have left public service but kept their contributions in the system may also be eligible to vote, depending on the specific election rules for that cycle.
It is important to keep your contact information updated with CalPERS. Ballots and election materials are sent to the address on file, so ensuring your details are current is the first step in making sure your voice is heard.
How to Research Candidates
Before casting your vote, it is important to understand what each candidate stands for. CalPERS provides several resources to help members make an informed decision. Taking a few minutes to review these materials can provide clarity on which candidate aligns with your priorities.
Official Candidate Statements
Every candidate is permitted to submit a formal statement that outlines their qualifications, experience, and goals for the board. These statements are compiled into an official election booklet. This booklet is usually mailed to your home along with your ballot and is also made available online on the official CalPERS website.
Candidate Forums and Videos
During many election cycles, CalPERS hosts candidate forums. These events allow candidates to answer questions about current issues facing the pension system, such as climate-focused investing, cost-of-living adjustments, and healthcare transparency. Watching these forums or reading the transcripts can give you a better sense of a candidate’s communication style and depth of knowledge.
Endorsements and Advocacy Groups
Many labor unions, retiree associations, and professional organizations provide endorsements. If you belong to a specific group, checking their recommendations can provide insight into which candidate has the support of your peers. However, it is always best to weigh these endorsements against your own research of the candidate’s platform.
Step-by-Step Guide to Voting
CalPERS offers several convenient ways to vote to ensure maximum participation. Once the election period begins, you will receive a ballot package in the mail. This package contains your unique voter credentials, which are required regardless of the method you choose.
Option 1: Voting Online
Online voting is the fastest and most environmentally friendly method. To vote online, follow these steps:
- Locate the website address provided in your official ballot package.
- Enter your unique PIN or voter ID found on your paper ballot.
- Follow the prompts to select your preferred candidate.
- Submit your vote and save the confirmation number for your records.
Option 2: Voting by Phone
If you prefer not to use a computer, you can vote using an automated telephone system. The phone number is listed in your election materials. You will be prompted to enter your voter credentials using your telephone keypad and follow the voice instructions to cast your vote.
Option 3: Voting by Mail
For those who prefer a traditional approach, you can fill out the paper ballot included in your package. You must use the official postage-paid return envelope provided. Be sure to follow the instructions carefully, as failing to sign the envelope or using the wrong ink could result in your ballot being disqualified.
Key Dates and Deadlines
Missing a deadline is the most common reason why votes are not counted. CalPERS elections typically follow a strict timeline. Generally, the election period lasts for several weeks, giving you ample time to review candidates and return your ballot.
Always check the postmark deadline if you are mailing your ballot. It must be postmarked by the specified date to be valid. If you are voting online or by phone, the system usually closes at a specific time (such as 11:59 PM PT) on the final day of the election. To avoid any technical issues or mail delays, it is recommended to cast your vote as soon as you have made your decision.
Why Your Participation Matters
Voter turnout in pension board elections is often lower than in general political elections. This means that every single vote carries significant weight. When a large percentage of the membership participates, it sends a strong message that members are engaged and watching how their money is managed.
The board’s decisions have long-term consequences. They manage billions of dollars in assets that must last for the lifetime of every current and future retiree. By participating, you help ensure that the board remains accountable, transparent, and focused on the primary goal: providing a secure retirement for those who serve the public.
Conclusion
Participating in the CalPERS Board of Administration election is a fundamental right for all members. By taking the time to research candidates and submit your ballot, you play an active role in protecting your retirement security and healthcare benefits. Whether you choose to vote online, by phone, or by mail, your contribution helps shape the future of the system.
If you found this guide helpful, you may want to explore our other articles on retirement planning, understanding public employee benefits, and managing long-term financial health. Staying informed is the best way to ensure a stable and comfortable retirement.