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As of 2017, the current Board members are Rob Feckner (President), Priya Sara Mathur, Michael Bilbrey, John Chiang, Richard Costigan, Richard Gillihan, JJ Jelincic, Henry Jones (Vice President), Ron Lind, Betty Yee, Bill Slaton, Teresa Taylor and Dana Hollinger. The next four years were a period of investment income stability; a 24 billion investment income in 2004, 22 billion in 2005, 21 billion in 2006, and 41 billion in 2007.
however, the rates can increase if Cal PERS' investments perform unfavorably and decrease if Cal PERS' investments perform favorably.The California Public Employees' Retirement System (Cal PERS) is an agency in the California executive branch that "manages pension and health benefits for more than 1.6 million California public employees, retirees, and their families". Hanson (1987–1994); Anne Stausboll (2009–June 2016); and Marcie Frost (October 2016-Present).In an effort to reduce this shortfall, at the end of 2016 the board lowered their expected annual rate of return on investments from 7.5% to 7.0%, increasing the costs California cities must pay toward their workers' pensions. He began PERS' emphasis on corporate governance; in addition, he was instrumental in creating the Council of Institutional Investors, an organization of pension funds and other institutions that opposed "greenmail and other corporate practices that benefited only management". Reporting to the CEO, the executive officers of Cal PERS are: Deputy Executive Officers for Customer Services and Support, Health Benefit Programs, Policy and Planning, Operations and Technology, and External Affairs; a General Counsel; a Chief Actuary; and a Chief Financial Officer; a Chief Information Officer; a Chief Risk Officer; and a Chief Investment Officer.This is a 2.5% return on investment over the 11-year period.Income or loss from investments fluctuates from year to year; between 1998––08, the highest income was .7 billion in 2006-07 and the greatest loss was .5 billion in 2007-08.