CalPERS comments on federal sentencing of former CEO Fred Buenrostro

May 31, 2016

FOR IMMEDIATE RELEASE

SACRAMENTO, CA  The California Public Employees’ Retirement System (CalPERS) today issued the following statements on the sentencing of its former Chief Executive Officer, Fred Buenrostro, in federal court in San Francisco on bribery charges. Mr. Buenrostro served as CEO of CalPERS from 2002 to 2008.

Rob Feckner, CalPERS Board of Administration President: “This saga has now come to an end. We are stewards of a sacred trust, and it must never be compromised for personal gain. As an organization, we’ve taken meaningful steps to strengthen accountability and transparency throughout CalPERS. We’ll continue to work to make sure these measures are rigorously followed and that we hold ourselves to the highest ethical standards.”

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