Theresa Taylor and David Miller Re-Elected as CalPERS Board President, Vice President for 2026

January 20, 2026

Communications & Stakeholder Relations
Office of Public Affairs
(916) 795-3991 - [email protected]

Sacramento, Calif. - The CalPERS Board of Administration today re-elected Theresa Taylor as board president and David Miller as vice president.

"I'm grateful to have the confidence of the board to continue leading CalPERS," Taylor said. "We have a solemn fiduciary duty to ensure members' pensions and health benefits will be there for them, and I look forward to helping carry out the bold and innovative strategies we've worked so hard to establish on their behalf."

The president oversees the board's business, setting meeting schedules and agendas with input from other board members and the CalPERS executive team. The president also makes appointments to board committees.

Leadership elections are held in January every year. This is the fourth one-year term for Taylor as board president and the third one-year term for Miller as vice president.

Taylor was first elected to the Board of Administration in 2015, representing state employee members. She is newly retired after more than 30 years of service to the State, most recently with the Franchise Tax Board, where she served as a principal compliance representative. She previously served as vice president/secretary-treasurer for the Service Employees International Union (SEIU) Local 1000 and on the executive boards of SEIU Local 1000 and the SEIU State Council.

Miller, first elected by active and retired CalPERS members in 2017 and re-elected for another four-year term in 2025, has more than 30 years of public service specializing in environmental regulatory programs, pollution prevention, environmental technology development, and performance management. A long-time union advocate and defender of public pensions, Miller is the former president, treasurer, and bargaining chair of the California Association of Professional Scientists (CAPS, UAW Local 1115). He will be serving as CalPERS Board Vice President for a third year.

"I'm grateful to serve as Vice President once again and look forward to advancing the groundbreaking work of CalPERS to deliver on our mission to members for the long-term future," Miller said.

About CalPERS

For more than nine decades, CalPERS has built retirement and health security for state, school, and public agency members who invest their lives in public service. Our pension fund serves more than 2 million members in the CalPERS retirement system and administers benefits for 1.5 million members and their families in our health program, making us the largest defined-benefit public pension in the U.S. CalPERS' total fund market value currently stands at approximately $600 billion.