US - Rob Feckner has been unanimously re-elected as board president of the US$207bn California Public Employees' Retirement System (CalPERS).
Feckner, who was first elected to the CalPERS Board in 1998 and re-elected in 2002 by the System's classified school members, said: We will defend defined benefit plans and fight any attacks that will jeopardise the retirement benefits of our members. And we will protect our investments from corporate fraud, greed and mismanagement.
In addition, Robert Carlson was re-elected as vice-president after taking up the position in 2000.
Feckner said he was committed to protecting the financial and health security of members and retirees in the next year, and said he would continue to work side-by-side with employers to find relief for rising pension costs.
By Damian Clarkson
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