Calpers Considers Pay Raises for Top Executives in Delicate Move
- Fund known for governance role focuses on hiring, retention
- Base-salary ranges could be increased by as much as 5%
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Top-paid executives and investment managers of the California Public Employees’ Retirement System may get as much as a 5 percent bump in their base salaries this year under a proposal to be considered by the largest U.S. pension fund.
The committee in charge of compensation will meet June 20 at Calpers’s headquarters in Sacramento, California, to approve bonus plans for Chief Executive Officer Marcie Frost and Chief Investment Officer Ted Eliopoulos. It will also consider raising salary ranges for certain job classifications in a move that could benefit more than a dozen of its other executives and money managers.