Press Release

Theresa Taylor re-Elected CalPERS Board President, David Miller Elected Vice President

Issued by CalPERS [California Public Employees' Retirement System]

Jan. 17, 2024

SACRAMENTO, Calif. – The CalPERS Board of Administration has re-elected Theresa Taylor as board president and David Miller as vice president.

"I’m once again honored to serve as president of the CalPERS Board of Administration,” Taylor says. “We have a busy year ahead, as we continue to strengthen the CalPERS Fund and ensure the hard-earned benefits of public servants throughout California for generations to come."

Taylor is beginning her fourth term on the board and second as president. She was first elected to her seat by state employee members in 2015. She currently serves as the chair of the pension fund’s Board Governance committee. In addition, Ms. Taylor serves as vice chair of the Investment committee, and as a member of the Finance & Administration, Pension & Health Benefits and the Performance, Compensation & Talent Management committees.

Taylor is a principal compliance representative at the Franchise Tax Board and has worked for the state for more than 25 years. She has also served as vice president/secretary-treasurer for the Service Employees International Union (SEIU) Local 1000 and on the executive boards of SEIU Local 1000 and SEIU State Council.

The president oversees the board's business and sets meeting schedules and agendas with input from other board members and CalPERS executive team. The president also makes appointments to board committees.

Miller is serving his second term on the board. He was first elected by active and retired CalPERS members in 2017. He currently serves as chair of both the Investment and Risk & Audit committees, and vice chair of both the Board Governance and Finance & Administration committees. In addition, he serves on the Pension & Health Benefits committee.

Miller has more than 25 years of public service specializing in environmental regulatory programs, pollution prevention, environmental technology development, and performance management.

“I’m looking forward to getting back to work with this Board of Administration,” said Miller. “We have a strong dedication to a mission that has remained intact for more than 90 years.”

Miller was first elected vice president in 2023.

About CalPERS

For more than eight decades, CalPERS has built retirement and health security for state, school, and public agency members who invest their lifework in public service. Our pension fund serves more than 2 million members in the CalPERS retirement system and administers benefits for more than 1.5 million members and their families in our health program, making us the largest defined-benefit public pension in the U.S. CalPERS' total fund market value currently stands at approximately $483 billion. For more information, visit www.calpers.ca.gov.

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