We never can get everything we learn into a news story. "From the notebook" posts give you some of the extra details behind the news.
Our profile of CalPERS Board of Adminstration member J.J. Jelincic in today's cyber and fiber Bee mentions that as of July 1 he will be released from his job as a CalPERS investment officer to attend to board business full time.
CalPERS rules require that "elected Board members obtain the approval from the Board for the percentage of time the Board member will spend fulfilling his or her duties in the next fiscal year" before they can spend their normal work time on fund business and have their employer reimbursed, an April 12 memo to the board notes.
Four members filled out forms that estimate the percent of their normal work time will be spent on fund business: Jelincic, Priya Mathur, George Diehr and Rob Feckner. The board's Benefits and Program Administration Committee approved all four requests during its April meeting.
Members whose wages are reimbursed have to submit quarterly reports that show how the time was used for CalPERS business before the fund will pay back their employers. You can read the policy in excruciating detail by clicking here. Or not.
Here are the forms filled out by the four board members for next year: