Update as of May 15: Henry Jones was declared the unofficial winner of the retired member representative seat on CalPERS Board; he ran unopposed. Jones will begin a new four-year term of service on the Board on January 16, 2016.
“I’m honored to serve another term and represent our retirees,” said Jones. “I look forward to continuing to work in my leadership role alongside my colleagues on the Board to ensure the long-term sustainability of the pension fund and our health care program.”
Update as of March 19: The SEIU State Council endorsed Henry Jones.
CalPERS board member Henry Jones met with SEIU members from Local 521 and Local 1021 on March 3 seeking endorsement from our retired members.
It will be Jones’ third term representing retirees on the powerful retirement board with assets of nearly $300 billion.
Retirees, some of whom participated in the endorsement interview via phone and video, peppered Jones with questions about CalPERS’ investment principles, its commitment to investments in companies that provide a living wage for workers, and pension reform.
“When I started my career as a custodian, I was an SEIU member. Not only was I a member, I was an active member of Local 99. At the time, there were no healthcare benefits for part-time employees,” said Jones, explaining that he joined the fight to expand those benefits to his part-time co-workers. “When I make decisions, it’s through the lens of my life.”
Jones retired from the Los Angeles Unified School District in 1998 as chief financial officer overseeing the $7 billion annual budget.
SEIU Retirees’ recommendation to endorse Jones was then forwarded to the SEIU State Council Executive Board for its consideration, and they endorsed Henry Jones.