Corporate Governance -- Enhancing the Return of Capital Through Increased Accountability

Jim McRitchie
Years of CalPERS-Covered Service: 22
Employer: Department of Toxic Substances Control
Job Classification: Senior Environmental Planner

Remember that $1 billion lawsuit against the Wilson administration. In my opinion, the Board essentially offset the payment! Assuming only a 3.75% wage inflation factor, the Board voted to reduce employer contributions $3/4 billion/year. That's equivalent to an 8% pay raise for State employees.

For years, the incumbent:

  • Accepted gifts from those doing business with CalPERS,
  • Sat on both a private investment and CalPERS boards.

I'll avoid possible conflicts of interest and abuses reported by the LA Times and Sacramento Bee.

I'll work with State and University employees to:

  • Restore tier one and five year vesting,
  • Enhance health benefits,
  • Lower insurance premiums,
  • Increase COLAs/PPP,
  • Reduce contracting out,
  • Improve services/delivery,
  • Keep CalPERS financially sound.

CSEA member 22 years. MA, Boston College. MPA, CSUS. Experienced manager, legislative advocate, auditor. Served on community/nonprofit boards.

Call 916-452-5338, write jm@PersWatch.net, visit http://PersWatch.net


McRitchie's statement as it appears with the ballot, no change.

For more information contact: jm@perswatch.net

 

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