The California Public Employees' Retirement System (CalPERS) announced that Kurato Shimada resigned today to focus on personal matters.
"It's with sadness that I accepted Kurato Shimada's resignation from our Board today," said Rob Feckner, CalPERS Board President. "We appreciate his desire to focus on personal matters and wish him well."
CalPERS will be scheduling a special election to fill his vacant seat.
Shimada's departure will have no baring on cALPERS existing securities lending and investment programs
CalPERS is the largest public pension fund in the U.S. with assets of about USD205 billion. The retirement system administers pension plans for more than 1.6 million active and retired California public employees and their families on behalf of 3,000 public employers, cities, counties, special districts, school districts, and the State of California; and health benefits for more than 1.3 million members and dependents. More information about CalPERS is available at www.calpers.ca.gov.
