Sacramento, California - The California Public Employees Retirement System (CalPERS) Board of Administration has selected two firms to represent its interests before the Executive Branch and U.S. Congress. The joint venture between Lussier Group/Williams and Jensen was selected as its federal representative for retirement policy issues, and K&L Gates was selected as its federal representative for investment and financial market regulation issues.
A third firm, a joint venture of Avenue Solutions/Jennings Policy Strategies was selected in November to represent CalPERS' health care-related interests.
"Having specialized representatives in these areas will enable us to play a stronger role in retirement and investment national policy development that will continue to enhance the long-term sustainability and effectiveness of our programs," said Board President Rob Feckner. "We look forward to working with both of these firms and are eager to have their skill and expertise put to work for us."
Earlier this year, the CalPERS Board directed staff to begin the search for specialized representatives in the policy areas of health care, retirement, and investments. Three firms were selected as finalists for the retirement policy representative, while two firms were selected as finalists for the investment policy representative. After a thorough review and interview process, Lussier Group/Williams and Jensen, and K&L Gates were selected by the Board this week. The selections are contingent upon satisfactory negotiations of terms and conditions in order for the contracts to be awarded.
"Engaging nationally on retirement security issues is a priority for CalPERS and an important part of our commitment to our members," said Anne Stausboll, CalPERS Chief Executive Officer. "Having three separate and focused representatives broadens our reach and ability to influence outcomes."
The Lussier Group is an Alexandria, Virginia-based lobbying firm, while Williams & Jensen is a leading independent law firm in Washington, D.C., with a practice focused primarily on lobbying. K&L Gates is a U.S.-based international law firm with its public policy group headquartered in Washington, D.C.
CalPERS is the largest public pension fund in the U.S., with approximately $300 billion in assets. CalPERS administers health and retirement benefits on behalf of 3,093 public school, local agency, and state employers. There are more than 1.7 million members in the CalPERS retirement system and more than 1.3 million members enrolled in its health plans. For more information about CalPERS, visit www.calpers.ca.gov .