Feckner

Associated Press Calpers President Rob Feckner, left, and Vice President George Diehr last week when the fund decided to hold its annual return rate steady.

Public Pension-Fund Squeeze Jeannette Neumann 2011

"We learned in the financial crisis and the past recession that a liquidity crunch or inflation can have a significant impact on portfolio performance in ways that many investors didn't anticipate," Rob Feckner, president of Calpers's board, said in a Dec. 13 statement announcing the changes.

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Feckner already paid his fine, CalPERS spokesman Brad Pacheco said.

unknown title 2011

The fines include $400 for CalPERS board president Rob Feckner, who failed to report five meals worth a total of $277 in 2007 and 2008.

unknown title 2011

Feckner first was elected to the CalPERS board in 1998.

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"I'm very thankful for the board's support of me to serve as president for another year," said Feckner in a prepared release.

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Feckner first was elected to the CalPERS board in 1998.

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Feckner first was elected to the CalPERS board in 1998.

Sacramento Business News - Local Sacramento News | The Sacramento Business Journal 2010

"I'm very thankful for the board's support of me to serve as president for another year," said Feckner in a prepared release.

Sacramento Business News - Local Sacramento News | The Sacramento Business Journal 2010

"I'm very thankful for the board's support of me to serve as president for another year," said Feckner in a prepared release.

National Business News - Local Business News | bizjournals 2010