GOOD AFTERNOON IT IS
APPROXIMATELY ONE THIRTY EIGHT
PM IT IS WEDNESDAY FEBRUARY
TWENTY EIGHTH ON A WELCOME
EVERYBODY.
FROM THE GENERAL PUBLIC HERE
TODAY A COLLEAGUES WELCOME NOW
WHAT WAS SOCIAL QUORUM SO
CONCERNED TODAY'S SIGH HEARING.
BUT MA'AM SECRETARY PLEASE CALL
THE ROLL.
SENATORS ATKINS ATKINS HERE
BERRYHILL BERRYHILL HERE LATE.
LEYVA HERE CANNELLA
HERE CANNELLA HERE BDELLIUM.
HERE DAILY PHOTOS OF WITH A SELF
SUPPORT WHEN WE GO TO THE FILE
ITEMS THAT ARE BEFORE US WE HAVE
FILE ITEM.
THE NUMBER TWO THROUGH NUMBER
FOUR.
CAN I GET A MOTION.
MOTION MADE BY THE SLAVE ABOUT
SUBJECT IS CULPABLE.
SENATORS ATKINS AYE ATKINS AYE
BERRYHILL BERRYHILL AYE
LEYVA. LEYVA AYE CANNELLA
CANNELLA AYE DELEON. BILLION
YOU'RE MUCH WAS VICE CHAIR
WELCOME YOU KNOW. WHEN WE GO TO
THE FIRST POINT YOU WE HAVE WAS.
THAT THAT'S BEFORE US THAT IS
MISS REBECCA AND MIMI.
CHIEF PROFESSIONAL OF FISHERIES
BUREAU.
MISS ME WILL COME.
GOOD AFTERNOON. UP WHAT WE DO
THIS YOU HAVE I THINK A VERY
ENTHUSIASTIC SIDE. OF ME MATTER.
DE FREE.
TODAY HE'S WAY BEING A WITH A
LOT.
IN OUR.
SO THERE NEED LOVE ONE SO YOU
WANT TO
SO PLEASE DO SO.
LOOKS TO US A QUICK SYNOPSIS
OF OF YOUR PERSON
WILL GO TO ANY QUESTIONS OR
ANSWERS FROM THE MEMBERS.
THANK YOU. AND THANK YOU FOR
LETTING ME KNOWLEDGE MY FAMILY
BEFORE WE START WITH ME TODAY IS
MY HUSBAND JAMES MAY. WHEN I
WOULD BE REMISS IF I DID NOT
MENTION THAT TODAY IS OUR
FOURTEENTH WEDDING ANNIVERSARY.
.
CONGRATULATIONS.
AND ALSO WITH ME IS MY MOM
NAGGED AND YOUR SON ALSO
CONVENTIONS BUT IT'S MY NINE
YEAR OLD SON.
THREE MEAN THE WORLD TO ME AS
YOU CAN.
OR YOU MAY PROCEED THAT
AFTERNOON PRESIDENT PRO TEM DE
LEóN VICE CHAIRMAN CANNELLA
SENATORS AND STAFF.
THANK YOU FOR ALLOWING ME TO
DISCUSS MY PENDING SENATE
CONFIRMATION TODAY AS YOU KNOW I
SERVICE THE BUREAU CHIEF FOR THE
PROFESSIONAL FIDUCIARY BUREAU
LOCATED WITHIN THE DEPARTMENT OF
CONSUMER AFFAIRS.
WORKING ON CONSUMER PROTECTION
POLICY HAS BEEN THE OVER ARCHING
THEME OF MY CAREER PRIOR TO MY
APPOINTMENT IS BUREAU CHIEF I
SPENT TWO AND A HALF EARS OF
THE DEPARTMENT. SERVING AS BOTH
AN ANALYST FOR THE LEGISLATIVE
AND REGULATORY REVIEW DIVISION
AND AS A SPECIAL ASSISTANT TO
BOREDOM BUREAU RELATIONS I ALSO
SPENT FIVE YEARS AS A CONSULTANT
WITH THE ASSEMBLY BUSINESS AND
PROFESSIONS COMMITTEE.
THESE EXPERIENCES WERE THE
CATALYST TO MY CURRENT POSITION
AND PREPARED ME FOR THE
CHALLENGES OF BEING A BUREAU
CHIEF.
SIMPLY STATED I LOVE THIS JOB.
MY PREVIOUS WORK ALLOWED ME TO
SHAPE CONSUMER PROTECTION
POLICIES BUT SERVING AS BUREAU
CHIEF IS A VERY TANGIBLE AND
DIRECT WAY TO SERVE CONSUMERS
PROFESSIONAL FIDUCIARY STE. WORK
WITH THE MOST VULNERABLE
POPULATIONS SENIORS CHILDREN
PERSONS WITH DISABILITIES
ESSENTIALLY THOSE WHO ARE UNABLE
TO MAKE DECISIONS OVER THEIR OWN
CARE FINANCES.
AND I PLEDGE TO MAKE SURE ONLY
QUALIFIED INDIVIDUALS ARE
LICENSED AND THAT ARE
PROFESSIONAL FIDUCIARY SCOTT OF
ETHICS IS UPHELD WARM FORSMAN
EFFORTS.
I ALSO PLEDGE TO WORK WITH
STAKEHOLDERS TOWARD IDENTIFYING
AND ELIMINATING UNNECESSARY
BARRIERS TO LICENSURE.
AND IS ONE OF THE NEWER
LICENSING ENTITIES UNDER DE CA
I'M COMMITTED TO INCREASING OUR
OUTREACH EFFORTS.
SO THAT MORE PEOPLE CAN LEARN
ABOUT THE BUREAU AND THE
PROFESSION.
I'M HAPPY TO ANSWER ANY
QUESTIONS YOU MAY HAVE.
BIGGER MUCH I MISS WAY WHEN WE
START WITH QUESTIONS AND ANSWERS
FROM THE MEMBERS COMMUTERS.
A MUSLIM.
THANK YOU MISTER PRO TEM.
GOOD AFTERNOON MISS MAY. ARE
VERY MUCH ENJOYED MEETING WITH
YOU I HAVE TO SAY LOVE YOUR
ENTHUSIASM ALSO LET YOU EXPLAIN
TO ME EXACTLY WHAT YOUR JOB
ENTAILS SINCE I DIDN'T
COMPLETELY UNDERSTAND THAT. A
AND IT'S A VERY PORTANT JOB. HOW
DO YOU THINK WE CAN DO A BETTER
JOB HOW DO YOU FEEL THAT YOU CAN
DO A BETTER JOB IN OUTREACH TO
MAKE SURE THAT EVERYONE KNOWS
THAT THIS IS AVAILABLE TO THEM?
THANK YOU SO MUCH FOR THAT
QUESTION I THINK OUT REACHES
REALLY THE CORNERSTONE OF WHAT
I'M TRYING TO DO I REALIZE THAT.
MOST PEOPLE DON'T KNOW A
FIDUCIARY STILL I'M OUR BUREAU
IS JUST A SMALL LICENSING BUREAU
THAT LICENSES PROFESSIONAL
FIDUCIARY STAY SERVE. SENIORS
AND CHILDREN AND PERSONS WITH
DISABILITIES.
AND SO I'M WORKING GOT A COUPLE
OF STEPS TOWARDS INCREASING OUR
OUT REACH EFFORTS.
I AM WORKING WITH THE DEPARTMENT
TO STEP FORWARD AND NOW REACH.
.
PROGRAM WERE ALSO IN THE FINAL
STEPS OF PUTTING TOGETHER
STRATEGIC PLAN WE HAVE YOU KNOW
ACTIONABLE ITEMS AND OBJECTIVES
THAT WE CAN WORK TOWARDS TO. AYE
CARRY FORTH THE GOSPEL OF YOU
SHOULD HAVE BECAUSE. THAT'S
GREAT THAT SOUNDS VERY GOOD
AROUND. WHAT DO YOU THINK THE
BIGGEST CHALLENGE THAT THE
BUREAU FACES
I THINK THE BIGGEST CHALLENGES
THAT THERE'S TWO OF YOU AND ONE
BORROWED STAFF?
BUT WHAT DO YOU FIND TO BE THE
BIGGEST.
THAT IS A CHALLENGE NOW WE HAVE
A SMALL ON RESOURCES AND ON NAME
RECOGNITION SO I M. CERTAINLY
OPEN TO TO SUGGESTIONS ON HOW WE
CAN IMPROVE THAT. I THINK.
WE HAVE A GOOD SOLID TEAM IN
PLACE ON WITH THE EMPLOYEES THAT
WE HAVE I HAVE A LOT OF SUPPORT
TO THE DEPARTMENT. AND SO ON
TRYING TO LEVERAGE EXISTING
RESOURCES THAT ARE ALREADY OUT
THERE ON TO HELP.
THE VISIBILITY OF THE BUREAU
AND THE PROFESSION.
VERY GOOD THANK YOU VERY MUCH
THEM NOW FOR THE QUESTIONS POSED
PRETEND.
YEAH I MISS OF A MISTER VERY
HEALTH.
HELLO.
THANK YOU MUCH ABOUT MISS ATKINS.
PRO TEM AND.
.
I AM ACTUALLY INCREDIBLY SORRY I
DIDN'T HAVE THE OPPORTUNITY TO
MEET WITH YOU I HAD AN
INCREDIBLE REPORT TO. TO REVIEW
THANKS TO MY STAFF.
I AGREE WITH MISS LEYVA THIS
SEEMS LIKE AN INCREDIBLY
IMPORTANT JOB IN POSITION AND I
NOTED THE RESOURCES AS WELL. I
WANT TO ASK THE INTENTION
ORIGINALLY WOULD BE WAS THAT
THERE WERE WOULD BE MORE.
FIDUCIARY IS AND LICENSURE AND
IT SEEMS LIKE IT'S ROUGHLY.
I'M NOT QUITE HALF OR MORE THAN
HALF ARM.
FARTHER FIDUCIARY IS WHO ARE NOT
LICENSED WHO DO THIS WORK WITH
WELL YOU CAN DO THIS WORK AND
NOT HAVE A LICENSE IF YOU ARE.
DOING IT FOR FAMILY MEMBERS OR
FOR A REALLY LIMITED NUMBER OF
PEOPLE SO FIDUCIARY IS AND IT'S
ONE LICENSE TYPE BUT IT'S
ESSENTIALLY FOR DIFFERENT ROLES.
AND GUARDIANS CONSERVATORS
TRUSTEES AND POWER OF ATTORNEY
ON FOR HEALTHCARE AND OR
FINANCES SO THOSE ARE GENERALLY
FOR ROLES THAT THEY TAKE YOU CAN
AND THEIR CERTAIN THRESHOLDS FOR
EACH ROLE. THAT NECESSITATES
LICENSE.
WELL IT SOUNDS LIKE A AYE IT IN
THE LITERATURE OR THE REPORT I
READ THAT THERE COULD
POTENTIALLY BE A DECLINING
NUMBER. OF.
WELL OUR NUMBERS HAVE BEEN HAVE
BEEN TRENDING UP WERE UP FOR IT.
BUT THERE SEEM TO BE A CONCERN
THAT.
THAT THERE NEEDED TO BE A FOCUS
ON MORE. YES I AND.
I DO RECOGNIZE THAT IT'S A SMALL
PROGRAM AND AND THERE IS A NEED
FOR MORE LIFE AND FEES TO COME
INTO THE FOLD. AND SINCE OUR
LAST AND WE'RE GOING TO SUNSET
REVIEW RIGHT NOW SINCE OUR LAST
SUNSET REVIEW WE'VE.
INCREASED OUR LICENSEE NUMBERS
BY FIFTEEN PERCENT SO IT IS
TRENDING UPWARDS I THINK WITH
THE CALIFORNIA'S AGING
POPULATION. ON THERE'S
OPPORTUNITY CERTAINLY FOR THIS
PROFESSION I KNOW THAT THE
PROFESSIONAL ASSOCIATION IS
REALLY ACTIVE AND SO PARTNER IN
WITH THEM TOO. AND YOU KNOW
INCREASED OUR OUTREACH I THINK I
COULD.
WAIT TO HOPEFULLY USE THOSE
LICENSURE NUMBERS.
THANK YOU THINK WELL IT SEEMS TO
ME LIKE.
I AGAIN WANT TO AGREE WITH MISS
LEYVA YOUR ENTHUSIASM AND YOUR
FOCUS.
A ATTENTION ON HOW TO MAKE THIS
A ROBUST AND. I A STRATEGIC PLAN
THAT'S LONGER PAST.
.
THE TWENTY EIGHTEEN AND SUNSET
REVIEW.
I REALLY APPRECIATE THE WORK
THAT YOU'RE DOING.
YA. I THINK IT'S REALLY
IMPORTANT SO.
I LOOK FORWARD TO IS TO SEE IN
THIS GROW IN A WAY THAT IS
HELPFUL TO OUR CONSTITUENTS
THROUGHOUT CALIFORNIA.
THAT'S IT MISTER PROJECT THANK
YOU THANK YOU THANK YOU MUCH
MISS SECONDS ALONE.
MISTER CANNELLA.
THE QUESTIONS OKAY. FOR THOSE
WHO IN SUPPORT OF TODAY'S.
NOMINEE.
IS ME COMING UP FOR THOSE WHO
SUPPORT SEEN IN THOSE WHO IN
OPPOSITION YES PLEASE COME.
YOU CAN GO TO THE MICROPHONE
RIGHT THERE. BUT I WANT TO GET
COMFORTABLE. YEAH I HAD THAT
LOOK AT THAT.
THOUGH OF.
CHAIR AND MEMBERS JERRY DESMOND
ON BEHALF OF THE PROFESSIONAL
FIDUCIARY ASSOCIATION OF
CALIFORNIA.
OUR ORGANIZATION WAS THE CO
SPONSOR OF THE LICENSURE ACT
ABOUT A DECADE AGO WE COULDN'T
BE MORE PLEASED THAT THE
GOVERNOR HAS APPOINTED. A BUREAU
CHIEF AND THAT IT IS REBEKAH MAY
KNOW HER STELLAR REPUTATION FROM
WORKING HERE IN THE CAPITAL IN
THE DEPARTMENT CONSUMER AFFAIRS
IS CONFIRMED BY THE MONTHS THAT
WE'VE WORKED WITH. REBEKAH IN
HER ROLE OF CARING FOR THE
MISSION OF THE BUREAU TO PROTECT
CONSUMERS AND THE VULNERABLE
POPULATIONS AND WE BELIEVE SHE
HAS THE VISION AND THE FAIR
APPROACH AN OPEN MIND. THAT IS
PARTNERED WITH US AND OUR
ASSOCIATION AS WE LOOK TOWARDS
GROWING THE SEVEN HUNDRED THIRTY
LICENSEES TO EVEN MORE SO WE
SUPPORTER CONFIRMATION.
THANK YOU VERY MUCH ANY OF THE
FOLKS IN SUPPORT OF TODAY'S
NOMINEE SCENE AND THOSE IN
OPPOSITION.
YOU SINCE I'VE BEEN RIGHT. YES
AS HE THEM REGISTER WILL
REGISTER A VENN AS AN OFFICIAL
SUPPORTER MISS MAY.
COUNT ON HIS EAR ANY FOR.
SKIP INCURRING THE WRATH OF EVAN
NNOVA. OKAY.
SEEING NONE DE.
FAIR IN THE OTHER FOR THE
THE COME TO AS WHEN THE MEMBERS
INCIDENT IN A MOTION.
THE MOTION BEING LAST
MISLABELLED ABOUT SECRETARY TO
SCUTTLE.
SENATORS AND CAN ALSO ATKINS AYE
BERRYHILL BERRYHILL AYE LEYVA.
LEYVA AYE CANNELLA. CANNELLA AYE
DELEON DELEON AYE. MISS MAY
CONGRATULATIONS YOU PASS ON A
FIVE ZERO VOTES CONDUCT.
NEXT WE HAVE A MISS.
KAREN IS.
YAMAMOTO.
WHAT THE?
MEMBER OF THESE JURORS BOARD
THE CAL.
TEACHERS RETIREMENT BOARD.
MISS HIM WHAT THE WILK.
PLEASE IF THERE'S ANYONE THAT
YOU'D LIKE TO.
INTRODUCE.
PLEASE DO SO AND THEM RIGHT
AFTERWARDS.
ONCE YOU GIVE US A A SYNOPSIS
OF THE PERSON AND WILL GO TO ANY
QUESTIONS ARE COMMENTARIES FOR
THE MEMBERS.
FOR THE OPPORTUNITY THANK YOU.
AND THE MEMBERS OF THE.
COMMITTEE.
I'M I'M HERE TODAY WITH MY
FAMILY AND FRIENDS.
MY HUSBAND OF THIRTY THREE YEARS
FIFTY THREE YEARS VERY.
AND.
OUR DAUGHTER ELAINE AND HER IS
IN JAIL.
AND OUR OTHER DAUGHTER GINA.
AND HER HUSBAND COULDN'T BE HRE
TODAY BUT MY GRANDCHILDREN ARE
IN ME AND I.
AND ALSO WITH ME TODAY I MY
SISTER IN LAW AND BROTHER IN LAW
GEORGETTE AND RIGHT IMRA.
OTHER FAMILY. AND FRIENDS ARE
HERE IN THE AUDIENCE AS WELL SO
THANK YOU FOR LETTING ME.
INTRODUCE THEM.
SO I WANNA THANK YOU FOR THE
OPPORTUNITY TO BE A APPEAR HERE.
BEFORE YOU TODAY.
AND I AM PROUD TO BE APPOINTED
THE TEACHERS RETIREMENT BOARD.
I FEEL THAT I'VE MADE A FULL
CIRCLE.
BECAUSE I STARTED WORKING AT THE
DEPARTMENT OF EDUCATION.
THEN I WORKED AT THE LEGISLATURE.
AND THEN I WAS A CLASSROOM
TEACHER.
AND WHILE I WAS DOING THAT IT
WAS APPOINTED BY THE STATE BOARD
TO THE CURRICULUM.
I'M.
MATERIALS COMMITTEE THAT HAS A
LONG NAME BUT I'LL CUT IT SHORT.
AND EVENTUALLY I WAS ABLE TO
RETIRE.
SO NOW IS A RETIRED TEACHER
AFTER ABOUT TEN YEARS.
I FOUND OUT THAT I HAVE THIS
FANTASTIC OPPORTUNITY AND GREAT
PRIVILEGE.
AND RESPONSIBILITY THEY HAVE
THIS NEW JOB WITH THE TEACHERS
RETIREMENT BOARD.
AND YES I QUALITY JOB I TELL MY
FRIENDS IT'S MY MY NEW JOB AND I
TAKE IT VERY SERIOUSLY. I WANNA
BE THE VOICE THAT OTHER RETIREES
CAN DEPEND ON TO REPRESENT THEIR
EXPERIENCING CONCERNS.
AND THAT'S A RETIRED TEACHER ON
THE BOARD I'M ALSO ONE OF THE
CALIFORNIA EDUCATORS TO RECEIVE
THE BENEFITS OF THAT RETIREMENT.
I WANNA CONTINUE THE WORK OF
CASTERS TO MAKE SURE THAT
DECISIONS THAT I MAKE.
AS ONE PERSON ON THE TWELVE
MEMBER BOARD. DAY TO HELP THE
HARDWORKING TEACHERS OF
CALIFORNIA ACHIEVE A SECURE
RETIREMENT.
THANK YOU VERY MUCH.
WHICH THINK YOU'RE MUCH MISS
EARLY ON WHAT WHAT WE'LL DO IS
WE'LL GO TO QUESTIONS AND
ANSWERS RIGHT NOW WHEN WE START
A.
WITH ME SECONDS.
THANK YOU VERY MUCH AND THANK
YOU SO MUCH FOR BEING HERE.
I ONLY HERE I HAD A COUPLE OF
QUESTIONS.
.
IT'S IN YOUR.
LETTER TO THE RULES COMMITTEE.
YOU TALKED ABOUT THE KEY THERE
REDUCING.
UNDER FUNDING.
WOULD BE TO ALLOW THE BOARD TO
FURTHER ADJUST CONTRIBUTION
RIGHT.
AND IF THE BOARD IS GIVEN THE.
AUTHORITY TO FURTHER ADJUST
RATES HOW DO YOU BALANCE THE
NEED TO TO SOLVE THAT ISSUE OF
THE UNFUNDED LIABILITY THE KIND.
RATES
WITH THE FACT THAT THIS IS THAT
TEACHERS THE SCHOOL DISTRICTS IN
THE STATE PAYS MORE I MEAN THAT
SEEMS. WE GRAPPLE WITH THAT
YOU'RE DEALING WITH IT ALL THE
TIME WE YOU COMMENT A LITTLE BIT
ON THAT WELL.
WE'VE WE'VE GET A REPORT FROM
OUR ACTUARIES EVERY NOVEMBER
RIGHT HAS A FULL REPORT IF.
OF IF THIS HAPPENS THEN THIS
WILL HAPPEN IF THIS HAPPENS IN
THIS RIGHT HAPPENS AND SO. WE
KIND OF THE BOTTOM LINE FOR THAT
LATEST REPORT THAT WE RECEIVED
IN NOVEMBER WAS.
WERE YOU OKAY WERE WERE ON THE
ON THE ROAD TO FULL FUNDING BY
TWO THOUSAND FORTY SIX. AND THE
LEGISLATION THAT ALL OF YOU
PASSED IN TWO THOUSAND FOURTEEN.
IS THE WHAT THE FUNDING SOURCE
THAT ALL THE ALL THE.
STAKEHOLDERS APPEARED.
YOU'D BE SUPPORTING.
THOUGH I THINK AS FAR AS
BALANCING OUT.
.
YOU KNOW WE'RE WE'RE JUST
KEEPING ON TRACK AND KEEPING.
OUR.
.
ARE.
THE INFORMATION THAT WE RECEIVE
AND THE FUNDING SOURCES.
THOUGH.
WE'RE JUST TRYING TO WE MONITOR
THAT CLOSELY.
SO I I MENTION YOU HEAR FROM AYE
ADMINISTRATORS.
AS WELL AS TEACHERS AND OF
COURSE.
NONE OF US WANT PAY MORE BECAUSE
WE ALL HAVE BUDGETS. STATE HAS A
BUDGET.
EACH SCHOOL DISTRICT HAS A
BUDGET AND WHEN THEY TAKE MORE
TO PAY MORE FOR THIS.
THEY FEEL LIKE IT COMES OUT OF
THERE.
RESOURCES TO ACTUALLY DO THE
WORK SO I JUST I WAS CURIOUS
BECAUSE. THIS WHAT I HEAR ALL
THE TIME AND I JUST I APPRECIATE.
HOW DIFFICULT THIS IS AND YOUR
RESPONSE I KNOW IT'S?
THAT WE WE'VE BEEN GETTING A LOT
OF OF. EVERYBODY'S BEEN GETTING
A LOT OF RESPECT IN THE PRESS
AND I AND AND US TO BUT. AS FAR
AS I UNDERSTAND I WASN'T AROUND
WHEN THE.
THE LEGISLATION WAS PASSED BUT
ALL OF THREE. ENTITIES WERE AT
THE TABLE YES I THINK THAT'S
EXACTLY WHAT I TELL THEM. RIGHT
AND EVERYBODY AGREED AND THEY
KNEW WHAT WAS COMING ALONG THE
LINE AND THEN WE JUST HAVE TO
RIGHT TO PLAY IT OUT TO LIVE
WITH IT IS YES.
THANK YOU I APPRECIATE IT I I
CERTAINLY UNDERSTAND LET ME ASK
ABOUT. THE ROLE OF CHARTER
SCHOOLS AND IN TERMS OF.
THE CHOICE TO BE PART OF CAL
STIRS OUR TO.
DO SOMETHING ELSE I MENTION
THAT IS JEWS AND SOCIAL SECURITY
INTO THE CHARTER SCHOOLS AT IN
YOUR EVALUATION AND LOOK AT THIS.
THE CHARTER SCHOOLS HAVE.
FOR A ONE KAYS AND OTHER THINGS
THAT.
MYERS I KNOW YES OKAY BUT THEN
THE MAJORITY OF THEM HAVE CHOSEN.
YOUNGSTERS RIGHT I I GOT THAT
BUT I THINK.
OBVIOUSLY A PART OF IT AND YOU
MENTIONED.
FURTHER CONVERSATIONS WITH
TEACHERS AND FOLKS TO HELP THEM
UNDERSTAND WHY IT'S BENEFICIAL
TO BE PART OF THE BIGGER SYSTEM.
AND SO.
WHY ARE THEY TELLING YOU THEY
WOULD CHOOSE ARE TO IF FOR THEIR
SMALL PERCENTAGE THE MAJORITY
CHOOSES TO BE PART OF THE BIGGER
SYSTEM?
WHY DID THEY SAY THEY CHOOSE NOT
TO BE I'M JUST CURIOUS THREE
GETTING NEXT WE'RE NOT GETTING
ACCURATE INFORMATION RIGHT NOW
AS FAR AS I UNDERSTAND? HUNGER
STILL RESEARCHING IT AND THERE
WAS A TREND.
A LOT IT.
I DON'T KNOW THE EXACT NUMBERS
BUT ALLOTTED THAT THE CHARTER
SCHOOLS ARE.
ARE.
.
CASTERS.
BUT THEN THERE WAS A TREND THAT
RECENTLY THAT WE. A STUDY THAT
WAS MADE THAT THEY'RE NOT GOING
TO CAL STIRS WE REALLY DON'T
KNOW THE REASON IT SOUNDS LIKE
YOU'RE NOT GETTING A LOT OF FREE
RESPONSES YOU'RE AND YOU'RE
PUTTING THE QUESTION OUT THERE.
YOU'RE TRYING TO FIND OUT WELL
THERE MAY BE SOMETHING WE NEED
TO AMHERST WORK STILL MONITORING
THAT RISE IF IT IS A TREND.
THEN WE WANT TO MAKE SURE THAT
WE GO IN THERE AND MAKE SURE
THAT THE EDUCATIONAL THE WHOLE
ENTIRE EDUCATIONAL COMMUNITY
KNOWS ABOUT IT. AND THAT.
.
IF IT'S THIS WAS ONLY DONE FOR
LIKE TWO YEARS IN A ROW I
BELIEVE AND SO THAT'S REALLY NOT
ENOUGH TO SAY IT'S A TREND.
SO.
RIGHT BUT WERE REALLY CLOSELY
MONITORING THAT.
I'LL BE INTERESTED GOING FORWARD
IN KIND OF WHAT YOU LEARN I KNOW
YOU'RE DOING A NUMBER OF
DIFFERENT.
.
AND AYE YOU FOLLOW UP MY STAFF
WILL FOLLOW UP AND AND KIND OF
MONITORING AND ANNUALLY BUT. I
APPRECIATE YOUR COMMENT ON THAT
BECAUSE I THINK IT BEARS LOOKING
AT. ABSOLUTE ARM AND THEN LASTLY
THE LAST I.
QUESTIONER COMMENT I WOULD HAVE
IS ON THE ISSUE OF DIVERSITY ON
BOARDS.
I KNOW THERE'S A STUDY EITHER
HAS COME OUT OR COMING OUT TO
REALLY LOOK AT THAT. AND I KNOW
THAT'S AN ISSUE PARTICULAR
INTEREST TO ARE THE WOMEN'S
CAUCUS AND A NUMBER OF THE WOMEN
IN TERMS OF HOW TO INCREASE. OF
GENDER PARITY OR AT LEAST HAVE
ONE PERSON ON THE BOARD.
A GOING FORWARD SO I'D BE
INTERESTED NAY THOUGHT YOU HAVE
ON THAT AND AND.
IF THE STUDY IS OUT MY STAFF
WILL GET A COPY AT LOVE TO SEE
IT. BOAT HOW YOU SEE THAT GOING
FORWARD BECAUSE ANY HELP AND
THAT IS REALLY THIS IS RELATED
TO YOUR INVESTMENT STRATEGY. SO
ANY HELP YOU'RE ABLE TO PROVIDE
ON THAT I REALLY APPRECIATE YOUR
TAKING AN ACTIVE ROLE. AS A
BOARD AND AS A MEMBER OF THE
BOARD ON THAT.
ISSUE BUT IF YOU WANNA COMMENT
ON THAT BRIEFLY JUST YOUR
THOUGHTS.
THAT'S MY LAST QUESTION
OKAY MCALISTER'S THIS IS
GENUINELY INTERESTED IN THE
DIVERSITY PART OF THAT THE
COMPANIES THAT WE INVEST IN.
AND SO ARE OUR CORPORATE.
CORPORATE DIVISION HAS ALSO BEEN
ACTIVE GLOBALLY AND HAS BEEN
RECOGNIZED GLOBALLY TO BE
INVOLVED BE AT THE TABLE.
AND DO THE ENGAGEMENT FOR THE
DIFFERENT COMPANIES TO ENCOURAGE
DIVERSITY AND IS NOT ONLY WITH.
THE WOMEN ON THE BOARD THAT'S
ALSO OTHER DIVERT OTHER IT OTHER
ADVERSITY WORSE.
SO THAT IN TURN DO YOU FEEL LIKE
YOU'RE BORED SORRY I DID DIDN'T
TIP ADD ON TO THAT. DO YOU FEEL
LIKE THE WORK OF OUR OWN THE
BOARD HAS ACTUALLY YOU SEE THE
RESULTS OF A POSITIVE IMPACT OF.
HAVE IN THOSE POLICIES HAS
IMPACTED CORPORATE AMERICA I
THINK SO I THINK SO BECAUSE.
OUR ARMY. OUR STAFF OUR BOARD
HAS GONE TO DO THE PROXY VOTING
TO MAKE SURE THAT.
WHEN WHEN THE PROXY SEASON
COMES WE WE LOOK AT.
.
THE BOARDS AND HOW DIVERSE THEY
ARE AND IF THEY AREN'T THEN WE.
WE ISSUE WE DO ENGAGEMENT KILEY
DO ALL THOSE ALL THOSE THINGS
SURE THE PRETEND WILL HAVE
QUESTIONS ON THE OTHER THE
ENVIRONMENTAL.
PIECE OF DIVERSITY ON THE
PORTFOLIO SO I'LL LEAVE TO HIM
THANK YOU SO MUCH.
THANK YOU MUCH AMISS ATKINS.
MISTER CANNELLA.
THANK WAS PRO TEM A MISS
YAMAMOTO AND I JUST MET AND
TALKED ABOUT THIRTY MINUTES AND
CHANCE ROMA QUESTIONS.
BIGGER MUCH.
SKILLET MISTER BERRYHILL.
WHEN YOU'RE GOOD AFTERNOON I.
A I'M JUST GOING TO REALLY ONE
QUESTION I'M CURIOUS.
A DECADE AGO SCHOOLS PAID ABOUT
EIGHT PERCENT OF EMPLOYEES WAGES
DETAILS HERE'S.
NOW.
BECAUSE TO BE SURE RATE IS
FOURTEEN POINTFOUR PERCENT AND
RAISING TO NINETEEN PERCENT.
NOW ACCORDING TO THE LA JOH.
PER UNFUNDED LIABILITY STOOD AT
NINETY SIX POINT SEVEN BILLION
DOLLARS LAST YEAR.
SO I GUESS MY QUESTION IS HAVE
YOU THOUGHT ABOUT WHAT WE WOULD
DO YOU CAN DO AND TELL THESE
PEOPLE WHEN YOU HAVE WRITTEN
RAISES STUFF TO TWENTY FIVE
PERCENT.
WHEN YOU'RE GONNA HAVE TO RAISE
IT BIG THEIR CONTRIBUTIONS EVEN
MORE ARCHER.
I'M NOT SURE ABOUT THAT BUT I
THOUGHT.
THE THE I WAS I WAS TOLD THAT
THERE'S A DIFFERENCE THERE
THERE'S A MANDATED AMOUNT THAT
WE CAN DO THAT.
ONE JUST REGULAR OLD REPORT HERE
AND WE'RE STILL. UNDER FUNDED BY
NINETY SIX BILLION DOLLARS
ALMOST NINETY SEVEN BILLION
DOLLARS.
SO AT SOME POINT WE'RE UP TO
NINETEEN PERCENT SEEMS TO ME
YOU'RE GONNA HAVE TO RAISES
CONTRIBUTIONS EVEN MORE. WELL.
AS FAR AS I KNOW THAT THE
FUNDING LEVEL THAT WE'RE AT AND
THE PROJECTED AMOUNTS
THE INCREASES OF THE
CONTRIBUTIONS.
THAT BY TWENTY FORTY SIX AND
THAT WAS THE THE INTENT OF THE
LEGISLATION IN TWO THOUSAND
FOURTEEN. THAT WE REACH THAT
FULL FULL FULL FUNDING BY FORTY
SIX.
WALDRON BASED ON THOSE NUMBERS
UNFUNDED LIABILITY INCREASED BY
FIFTEEN BILLION THIS LAST YEAR.
NURSES IT'S CONCERNING THE MEAN
WE GOT A COOPER THEM MONEY
SOMEWHERE.
THERE'S PROBABLY FROM THE
EMPLOYEES.
FOR THE SCHOOL DISTRICT.
A SO WE HAVE A SHARED
RESPONSIBILITY TO.
YEAH.
WATER.
I'M JUST CURIOUS WHAT YOUR
THOUGHTS WERE ON.
CHALLENGE.
BUT ME IT'S A CHALLENGE IT IS A
CHALLENGE IT IS A CHALLENGE AND
WE GET.
INFORMATION FROM OUR OF CHIEF
AG IN FRONT INVESTMENT OFFICER
EVERY MONTH AS A BOARD MEMBER.
TO DO MIDDLEMAN OF A STATUS
REPORT.
YOU MIGHT CALL IT TOO KNOW WHERE
WHERE WE ARE IN TERMS OF THE
MONTH THEN.
AND ARE PRESENTED JIZAN ARE.
OR OUTLOOK FOR OUR.
WHERE ARE INVESTMENT RETURNS?
SO HOPEFULLY WITH THAT AND THEN
WE MONITOR THOSE CLOSELY. SO TO
OVERSEE THOSE.
OKAY URGES.
FINAL FINAL HERE HOW DOES THE
BOARD COMMUNITY WOULD DISTRICTS
ON POTENTIAL FUTURE CONTRIBUTION
INCREASES.
BEYOND THOSE IN THE NINETEEN
FOURTEEN LAW WHO THEY CAN TRY TO
PREPARE FOR THEM.
OKAY IS FOREST'S OUTREACH.
THERE'S BEEN A LOT OF OUTREACH
TO THE STAKEHOLDERS BY STAFF.
AND.
.
THAT'S.
THUS THE COMMUNICATION THAT I
UNDERSTAND.
AND SO WHEN WE HAVE OUR BOARD
MEETINGS THERE'S ALWAYS
REPRESENTATIVES THERE FROM THAT
THE VERY STAKEHOLDER GROUPS.
AND THEN.
WE ALSO DO PRESS RELEASES AND
OF THAT BRIDGE UP PRESS RELEASE.
TO THE VARIOUS STAKEHOLDERS.
OKAY SHRINK YOU VENTED. PRINT
OKAY.
THE THING YOU'RE MUCH LESS
SEVERE HEALTH CLUB MISLAID.
THANK YOU MISTER PRO TEM. MS
YAMAMOTO I WANT TO COMMEND YOU
FOR BEING WILLING TO.
TAKE THIS POSITION ON AS A
RETIREE.
AND I JUST FROM OUR DISCUSSIONS
IT'S A LOT OF WORK FOR YOU A LOT
OF RESEARCH I WAS IMPRESSED BY
YOUR BREADTH OF KNOWLEDGE
ALREADY. BUT ALSO JUST REALLY
WANT TO SAY THANK YOU BECAUSE.
PENSIONS GUARANTEE THAT SENIORS
WILL LIVE IN POVERTY AND PENSION
SOMETIMES HAVE A BAD NAME NOW
AND PEOPLE DON'T SEE THEM FOR
WHAT THEY REALLY ARE AND HOW
CRITICALLY IMPORTANT THEY ARE.
I BELIEVE THAT THE MARKET VALUE
OF CAL STIRS INVESTMENTS IN TWO
THOUSAND SEVENTEEN WAS TWO
HUNDRED AND NINE BILLION WITH
THE RETURN RATE OF THIRTEEN
POINT FOUR PERCENT. SAID IT WAS
A VERY GOOD YEAR LAST YEAR WITH
YOUR WEEK YOUR RETURN RATE
ASSUMPTION OF ONLY SEVEN PERCENT
THAT WAS ALMOST DOUBLED. I
UNDERSTAND THAT IT DOESN'T
ALWAYS WORK THAT WAY BUT THAT
WAS A GOOD YEAR GOOD JOB.
PENSIONS CAN COMBAT THE LINK
BETWEEN GENDER AND POVERTY.
MOST AMERICANS FAIL TO SERVE AT
A SAVE ENOUGH FOR RETIREMENT.
LEADING TO EITHER THE NEED TO
WORK AFTER AGE SIXTY FIVE
SOMETIMES INTO YOUR EIGHTIES AND
OR POVERTY AND EVEN HOMELESSNESS
IN OLD AGE. WHICH IS
PARTICULARLY TRUE FOR WOMEN. WHO
ARE ALREADY THIRTY EIGHT PERCENT
MORE LIKELY TO LIVE IN POVERTY
THAN MEN WHAT IS A PERCENTAGE OF
WOMEN THEY'RECOLLECTING A
PENSION FROM CAL STIRS?
ACTUALLY IT'S SEVENTY TWO
PERCENT.
BUT WOMEN.
AND TWENTY EIGHT PERCENT MEN
VERY GOOD AND I THINK PART OF
THE CHALLENGE FOR YOURSELF AND
CAL STIRS IS THAT PEOPLE ARE
LIVING LONGER.
AND SO YOU TRY TO MAKE THOSE ARE
PROJECTIONS BUT IT IS DIFFICULT
HOW OLD ARE YOUR OLDEST MEMBERS
RIGHT NOW THAT ARE CLICK.
THAT'S AN INTERESTING QUESTION
WE HAVE ABOUT.
A LITTLE OVER THREE HUNDRED
MEMBERS
BETTER A HUNDRED YEARS OR MORE.
A HUNDRED YEARS OLD.
ABOUT THREE HUNDRED OF OUR
MEMBERS.
IF YOU BELIEVE THAT THREE. THREE
HUNDRED EIGHT HUNDRED NUMBERS OR
HOW EVERY MONTH ARE CHAIR SIGNS
HAPPY BIRTHDAY LETTERS.
TO AT LEAST A DOZEN. MEMBERS.
I'M AN ADULT IF YOU KNOW THIS
RIGHT NOW BUT KEEP TO TWELVE.
PUBLIC SCHOOL TEACHERS
WHAT'S THE.
THE GENDER RATIO.
TWENTY EIGHT PERCENT MEN.
SEVENTY TWO PERCENT WOMEN THE
CURRENT RATIO THAT OCCUR THAT'S
A THAT'S THAT THEY GET IT IT'S.
ABOUT IT IT COVERS WILL THERE'S
NINE HUNDRED AND THIRTY THREE
MORE THAN NINE HUNDRED THIRTY
THREE THOUSAND MEMBERS AND CAL
STIRS.
AND IT'S THE SAME PERCENTAGE.
OF BE ACTIVE. AND THE SAME
PERCENTAGE OF THE RETIRED.
THE NIXONS.
VERY GOOD SO I JUST WANTED YOU
TO BRING THAT UP BECAUSE I THINK-IT'S IMPORTANT FOR PEOPLE TO
KNOW THE PEOPLE ARE LIVING
SIGNIFICANTLY LONGER.
THAN THEY DID IN THE PAST IN A
MIX OF THE LITTLE HARD SOMETIMES
TO PLAN FOR THOSE THEIR FUTURE.
ARE A QUESTION ABOUT OUR YOUNG
PEOPLE I THINK AS I SAID BEFORE
PENSION SOMETIMES GET A BAD NAME
BECAUSE PEOPLE'S HERE ABOUT THE
UNFUNDED LIABILITY THEY DON'T
THINK ABOUT THE FACT OR KEEPING
PEOPLE OUT OF POVERTY. AND I
WORRY THAT OUR YOUNG PEOPLE WHO
ARE ENTERING THIS PROFESSION
DON'T SEE IT AS SOMETHING THAT
THEY NEED WHAT IT WHAT ARE YOU
DOING ON CAL STIRS A WHAT CAN
KELLS KELLS STORES DO. TO MAKE
SURE THE NEWEST MEMBERS OF THE
WORKFORCE REALIZE WHAT A BENEFIT
THIS IS TO THEM AND HOW
IMPORTANT IT IS TO BE A PART OF
IT. THAT WAS ONE OF MY MAIN
QUESTIONS WHEN IT WHEN I AM.
ASSUME THAT THEY BOARD POSITION.
THAT.
WE HAVE A EARLY EARLY CAREER
WORKSHOP INFORMATION BROCHURES.
WE HAVE A MID CAREER. AND THEN
WE HAVE A ALMOST RETIRING.
GROUP OF PEOPLE AND SO THERE ARE
DIFFERENT WORKSHOPS TAILORED TO
THOSE DIFFERENT GROUPS
AND SO.
MORT MOST RECENTLY I AM I WORK
IN THE DISTRICT IN WEST
SACRAMENTO. AND I'M LIKE.
CUT CONTACTED OUR SUPERINTENDENT
WITH CAL STIRS IN THAT
RETIREMENT READINESS SO ON THEIR
FIRST DAY OF.
NEW TEACHER ORIENTATION DAY WE
HAD A LITTLE BIT CASTERS AT A
LITTLE BOOTH PASSING OUT
INFORMATION TO SAY THIS IS WHAT
CAL STIRS IS THIS IS WHAT IT CAN
DO FOR YOU HERE SOME BROCHURES
HERE'S A WEBSITE. MAKE SURE YOU
CONFLICT MAKE SURE YOU LOOK AT
THAT MAKE SURE YOU SIGN UP FOR
MY CAL STIRS DOT COM SO THAT
YOU'LL BE ACQUAINTED WITH ALL
THE INFORMATION THAT'S AVAILABLE.
THERE'S A.
WHO OF?
PLETHORA OF INFORMATION ON ON
THE WEBSITE AND THEN THE MID
CAREERS TO KNOW THAT YOU KNOW IF
YOU'VE BEEN TEACHING FOR MAYBE
TEN YEARS OR SO. YOU MIGHT WANNA
LOOK AGAIN AND AND CHECK TO SEE
WHAT WHAT YOUR OPTIONS ARE AT
THAT POINT.
AND THEN WHEN YOU'RE CLOSE TO
RETIREMENT THEY SAY MAYBE FIVE
OR SIX YEARS BEFORE YOU THINK
ABOUT RETIRING THAT YOU'LL HAVE
SOME PLANS IN PLACE. AND TO KNOW
IF YOU'RE SAVING ENOUGH MONEY
BECAUSE YOU'RE PROBABLY ONLY
GONNA GET ABOUT.
A LITTLE OVER HALF OF YOUR
RETIREMENT WHEN YOU RETIRE AND
THAT'S A PRETTY GOOD AMOUNT BUT
CERTAINLY NOT ENOUGH TO LIVE ON.
SO YOU KNOW WE ENCOURAGE THIS
THE ADDITIONAL SAVINGS FOR THE
TEACHERS.
ARM TO HAVE A MORE COMFORTABLE
RETIREMENT.
THANK YOU I THINK THAT IS
TERRIFIC THAT YOU HIT THREE
DIFFERENT AREAS OF SOMEONE'S
LIFE TO GET THEM INVOLVED IN
THEIR PENSION NONE OF US THINK
WE'RE GONNA GET HOLD WE GET
THERE BEFORE WE BEAT IT BEFORE
WE KNOW IT. AND.
.
IN MY JOB YOU GET OLDER AND YOU
KNOW I THOUGHT HERE IS THE NOW.
AND I THINK IT'S IN CRITICAL FOR
OUR YOUNG PEOPLE BECAUSE THEY
DON'T UNDERSTAND HOW IMPORTANT
IT IS SO THANK YOU FOR THAT OUT
REACH AND THANK YOU FOR SERVING
ON THE BOARD WHERE WE'RE VERY
LUCKY TO HAVE YOU. YOU.
THANK YOU MY CHILD THINK YOU'RE
MUCH OF.
I'M A SLAVE BUT. I JUST ONE
SIMPLE QUESTION AND I WAS PRETTY
IN ASKING THE QUESTIONS OF
WHETHER. IT SHOULD.
OF.
I IT JUST YOU KNOW HOW DO YOU
HANDLE OF YOU SEE YOUR ROLE AND
RESPONSIBILITY YOUR YOUR
FIDUCIARY OBLIGATION
PRODUCER RESPONSIBILITY AS A
BOARD MEMBER OF CAL STIRS.
BALANCING PORTFOLIO TRYNA GET
THE HIGHEST YIELD POSSIBLE.
FOR YOUR RETIREES BECAUSE
THAT'S.
YOU RESPONSIBILITY DO SO IN A
MANNER THAT IS FISCALLY PRUDENT
AND.
AND HOPEFULLY KNOCK ON WOOD IF.
YOUR INVESTORS MAKE THE RIGHT
DECISION.
THE PRUDENT DECISION IF THE
HIGHEST YIELD AS POSSIBLE.
AND AND OBVIOUSLY KEEP THE.
VIA PENSION.
FIND THIS WHOLE AS POSSIBLE
FOUR HUNDRED BALANCE THAT DOES
PRODUCE SHERRY. RESPONSIBILITIES
OBLIGATIONS THAT YOU HAVE WITH
THEM.
SENATORS ASSEMBLY MEMBERS.
THE GOVERNOR THAT MAY HAVE
DIFFERENT AGENDAS SUCH AS MY
SENATE BILL ONE EIGHTY FIVE
WHICH IS THE DIVESTMENT OF
THERMAL COAL. NAM I THINK FOLKS
WILL BE A.
IN SUPPORT THEORETICALLY IN
SUPPORT. OF BUT ALSO THE SAME
TIME.
MAYBE PERHAPS.
SHUDDER AT THE IDEA OF THE
THOUGHTS THAT. LEGISLATIVELY WE
ARE SO. BASED ON OUR VALUES THAT
WEIRD SORT OF PUTTING THESE
PARAMETERS.
AROUND THE ABILITY OF FOR A FUND
TO. TO GROW THAT IS YOUR FISHER
RESPONSIBILITY.
BUT THEN WE ALSO HAVE THE
ISSUES OF CLIMATE. ISSUES OF
GUNS ISSUES OF TOBACCO. AYE THAT
HARM THE PUBLIC GOOD IN THE
TYPES OF INVESTMENTS THAT WE
MAKE A.
EITHER REFLECT OF OUR VALUES
BUT CAN ALSO. YOU KNOW.
.
TAX INVESTORS IT MAY NOT BE
REFLECTIVE OF OUR VALUES BUT AT
TIMES CAN. PRODUCE A HIGH YIELD
SO HOW DO YOU BALANCE.
BUT YOU FOR TO SHOW
RESPONSIBILITY WITH THE DEMANDS
OF A. OF A OF A STATE THAT.
SEEKS
VALUES DRIVEN BASED DECISION
MAKING EVEN WHEN IT COMES TO. UP
PENSION PLANS THAT'S A BIG
QUESTION SO I'LL TRY TO ANSWER
THAT BUT THE MAIN THING THAT
THAT I WAS TOLD. THAT I ALWAYS
HAD TO CONCENTRATE ON AS A BOARD
MEMBER WAS MY ONE HAD RULED.
THAT I HAVE ONE HAT AND THAT IS
TO THE MEMBERS OF CAL STUTTERS.
I'M.
AND I BELIEVE THAT.
.
I RECENTLY HEARD OUR CHIEF
INVESTMENT OFFICER SAY HIS JOB
AND IS AS FAR AS INVESTMENT
OFFICER IS TO MAKE MONEY FOR THE
FUND.
AND TO DO THAT. WE HAVE TO
CAREFULLY.
.
EXAMINE AND DO THAT THOROUGH
ANALYSIS OF ANY TIME THERE IS AN
ISSUE OF DIVEST DIVESTITURE.
SO I AM.
WE ASK THAT ONCE BEFORE TOO THAT.
YOU KNOW THERE.
WE HAVE A RISK POLICIES IN PLACE
BABIES TO BE CALLED TWENTY ONE
RISK FACTORS BUT NOW THERE'S
MORE THAN THAT SO WE JUST
CALLING RISK FACTORS.
AND.
SO WHAT'S BEFORE WE INVEST IN
ANY KIND OF COMPANY OR.
FIRMWARE INDUSTRY WE CHECK OFF
THOSE KINDS OF A RISK FACTORS TO
MAKE SURE THAT THEY ARE GOING TO
BE THE ONES THAT WE WANT TO
INVEST IN.
AND.
.
HE ALSO TOLD ME THAT WERE LONG
TERM INVESTORS SO IF WE DO A
SHORT TERM INVESTING AND WE PULL
OUT OF THAT WE MAY. LOSE MONEY.
IN FACT.
.
ONE OF THE LATEST FIGURES WE WE
RECEIVED WAS WE'VE LOST SINCE
DIVESTITURE WE'VE LOST BY POINT
FIVE BILLION DOLLARS.
AND SO BUT WHAT SPECIFICALLY
MANY I THINK IT WAS MOSTLY
TOBACCO.
OKAY I THINK IT WAS MOSTLY
TOBACCO THAT'S WHAT I THINK.
I'M NOT GOING TO SIT THERE WILL
CALL YOU NO NO NO NO.
KNOW IF IT WAS THAT I WOULD KNOW
AND LEAD TO RETIREES.
MEG KNOW WHAT I MEAN WE LOOKED
AT AND AND WE LOOKED IN THE
LEGISLATURE TO DO. IS TO KEEP
THAT IN MIND THAT WE WANT TO.
BEFORE WE HAVE TO DIVEST THAT A
CAREFUL ANALYSIS IS MADE.
AND.
IN A JOINTLY BY BOTH THE SENATE
AND THE ASSEMBLY SO THAT.
IN A BECAUSE. OUR CHIEF IN OUR.
CEO BASICALLY SAID THAT IF IF
WE PULL OUT SOMEBODY ELSE IS
GOING TO JUMP RIGHT IN AND SO WE
LOSE THE MONEY THE MONEY THAT'S
GOING TO BE PAID TO OUR.
.
NINE HUNDRED AND THIRTY THREE
MILLION BUT BY NINE HAD BEEN
THIRTY THREE THOUSAND MEMBERS
SEVENTY TWO PERCENT OF WHICH ARE
WOMEN. REMEMBER SO WE WANT TO
MAKE SURE THAT THAT MONEY IS
THERE BUT WE ALSO ARE COGNIZANT
OF THE FACT THAT.
THAT THE RISK FACTORS AND THE.
ENVIRONMENTAL CONCERNS ALL THE
OTHER CONCERNS ARE OR CAREFULLY
STUDIED BEFORE WE ACTUALLY DO
THAT BELIEVE IT'S A GOOD POINT
IN IN IT'S NOT JUST THE A BC
GIFFORD ISSUE RESPONSIBILITIES.
IS TO GET THE HIGHEST RETURN OF
FOR.
THE PENSIONERS.
AND IN THIS CASE.
MORE THAN THREE FOURTHS OF THEM
ARE ARE ALL WOMEN IN FACT
BECAUSE THAT'S.
REFLECTION OF VIA.
OF THE.
OF.
OF THE THE REAGAN FONG MEMBERS
OF ANOTHER CITY CALIFORNIA FOR
OVERWEIGHT REASONS OBVIOUSLY.
WOMEN WHERE WE'RE TOLD ILL
LISTEN WE CAN ONLY TEACH.
AT THE TIME YOU KNOW. AND.
WORD WORD TREATED VERY BALLINA
WORKING CONDITIONS AND.
WE'RE NOT ALLOWED TO HAVE
COLLECTIVE BARGAINING AGREEMENTS
AT THE TIME AND. LEVEL AND
HEALTH PLANS AND PENSION PLANS
OF BECAUSE.
YOU SHOULD RELY ON YOUR
HUSBAND'S INCOME THE MAIN INCOME
QUOTE ON QUOTE YOU KNOW BACK IN
THE DAY.
AND OBVIOUSLY THINGS HAVE
CHANGED QUITE DRAMATICALLY.
WITH.
CBA'S.
NEGOTIATE THE TABLE.
BUT WORKING CONDITIONS AND AND
SO FORTH AND.
THESE FEATURES OF PRESSURES THAT
WE HAVE IN TERMS OF. THE ECONOMY
AND AND AGAIN YOUR MEAN ROLE
WHICH IS TO THE. TO GET THE
HIGHEST A YIELD A POSSIBLE.
FOR FOR. A. OUR OUR TEACHERS
HAVE DEDICATED THEIR THREE YEARS
OF THEIR LIVES. TO OUR OUR
STUDENTS IN CALIFORNIA.
THE OF HOW YOU BALANCE THAT
BECAUSE THAT IS NOT EXCLUSIVELY
BECAUSE WE HAVE VALUES TO WITH
OF APARTHEID.
WELL AS TOBACCO. WAS THE ISSUE
FIRE ARMS IN THIS ISSUE.
THERMAL COAL YOU KNOW SO IT'S A
I KNOW IT IT TO EVERYONE HAS
SORT OF DIFFERENT YOU KNOW.
.
BUT THOUGHT OF OPINION THAT I
KNOW OF IT. THERE'S A SENSE OF
DISCOMFORT YOU KNOW WHETHER IT'S
BECAUSE THERE'S A WAS CALPERS
MAY KNOW THAT DISAPPROVES OF THE
CULTURES YOU KNOW. BUTTA I
APPRECIATE THEM.
THE METHODOLOGY THAT YOU GO
THROUGH THAT'S THE BEST OF YOUR
ABILITY AND. WHEN SOMETHING
ARRIVES AGAIN FROM OUR BODY TO
YOU YOU KNOW AND WHETHER WE GET
THE FEEDBACK FROM YOU AND.
FEEDBACK FROM OTHER FOLKS YOU
KNOW WHO.
BENEFIT DIRECTLY.
IT'S IT'S HELPFUL IT WOULD WE
LIVE IN A MUCH MORE COMPLICATED
WORLD.
WITH A LOT OF OUR. OTHER
CONFLICTS GLOBALLY AND AND THOSE
POLITICAL RAMIFICATIONS
EVEN AT THE STATE LEVEL.
ARE OR GLOBAL IN NATURE BECAUSE
OF THE INCREDIBLE DIVERSITY WE
HAVE IN IN IN CALIFORNIA.
SO MANY DIFFERENT ETHNICITIES
FROM ALL OVER THE WORLD SO IT
DOES HAVE AN IMPACT ON. ON OUR
OUR OUR BEST AND SO WHAT WE GO
TO THOSE WHO SUPPORT. OF TODAY'S
NOMINEE AND I MISS HIM A LOT OF
THOSE WHO SUPPORT OF PLEASE LINE
UP.
BEHIND THE MICROPHONE AND ASK
THAT YOU.
.
RECOGNIZE YOURSELF IN DISCOVERS
A REALLY QUICKER. A REASON WHY
YOU SUPPORT IT AFTERNOON
JENNIFER BAKER THE CALIFORNIA
TEACHERS ASSOCIATION I WOULD
LIKE TO PROVIDE ARE ENTHUSIASTIC
SUPPORT.
WE THINK THAT A CARING YAMAMOTO
PROVIDES A WONDERFUL BRIDGE.
AND A CONSTANT REMINDER OF WHO
ARE MEMBERS ARE. AND WE VERY
MUCH APPRECIATE QUESTIONS THAT
YOU'VE ASKED AND WE ENCOURAGE
YOU TO SUPPORT HER NOMINATION
ULTIMATELY HELP TO CONTINUE TO
IMPLEMENT AB FOURTEEN SIXTEEN
NINE TO KEEP CAL STIRS FULLY
FUNDED. AYE SHE'S COURAGEOUS AND
HAVING CONVERSATIONS ABOUT
DIVESTMENT ABOUT THE WISHES OF
THE LEGISLATURE IN THE WISHES OF
THE MEMBERS BUT ULTIMATELY WE
BELIEVE SHE'LL SERVE VERY STRONG
ROLE. AS A REMINDER OF WHAT
WE'RE TRYING TO ACHIEVE WHICH IS
RETIREMENT SECURITY FOR ALL OUR
MEMBERS TO THIS VERY TUMULTUOUS
TIMES WE'RE LIVING IN SWING
COURAGE OR SUPPORT.
THE COMMENCEMENT HER OUR NEXT
WITNESSES SUPPORT.
MY NAME IS ED FOR YOUNG.
AND I AM A RETIRED TEACHER.
ARE REPRESENTING THE CALIFORNIA
TEACHERS ASSOCIATION RETIREES.
BEEN A MEMBER OF CAL STIRS SINCE
NINETEEN FIFTY SEVEN WHEN I
FIRST STARTED TEACHING.
AND BEEN PRESIDENT OF THE
CALIFORNIA TEACHERS ASSOCIATION
FOR NINE YEARS.
ARE.
I HAVE FOR THE PAST TEN YEARS
BEEN THE LAYERS ON TO.
ALISTAIR'S REPRESENTING OUR
MEMBERSHIP.
AND I THINK I CAN SPEAK FOR ALL
OUR RETIREES WHEN I.
I'LL TALK ABOUT KAREN YAMAMOTO.
ARE WE.
HAD THIS POSITION VACANT.
FOR ALMOST SIX YEARS.
AND DOT BECAUSE OF THAT.
A.
THE VIEWPOINT OF RETIREES WAS
NOT ADDRESSED.
ALL ON A PERSONAL BASIS.
ON THE BOARD LEVEL.
SO WHEN KAREN WAS.
APPOINTED.
BY THE GOVERNOR.
WE ARE SO HAPPY TO SEE HER.
BUT WE DIDN'T REALIZE.
THE KIND OF PERSON.
THAT THE GOVERNOR.
APPOINTED.
I BELIEVE IN ALL THE YEARS THAT
I'VE BEEN.
AS A MEMBER.
I DON'T BELIEVE THERE'S EVER
BEEN A PERSON APPOINTED. TO THIS
POSITION.
THAT IS MORE QUALIFIED.
AND DIVERSE.
IN MANY AREAS.
AND SUCH A HUMBLE PERSON.
HE'S A GOOD LISTENER.
MATH FACTS WE HAVE A IN
ORGANIZING MEETING.
ON.
ARE IN TORRANCE ON ON FRIDAY
SHE'S COMING NOT AS A SPEAKER.
HE'S COMING TO TALK AND MEET.
WITH MEMBERS.
FOR HIM AFTER ASK OF US ARE SO I
JUST WANTED TO SAY AND I JUST.
PART OF MY PROBLEM ON LONG
WINDED OUR ESCORT I DIE YOU CITY
OF FORMER CITY PRESIDENT I
UNDERSTAND.
BUT THE THING IS OUR ENTHUSIASM
FOR FOR KAREN.
ARE.
I AM IMPRESSED THAT SHE HAS
PICKED UP AS MUCH AS SHE HAS.
IN THIS SHORT PERIOD OF TIME SHE
WORKS SO HARD SHE DOES HER
HOMEWORK AND SHE DESERVES A
REAPPOINTMENT THANK YOU THANK
YOU MUCH AS FULLY AS A NEXT
WITNESS OF SUPPORT.
GOOD AFTERNOON I'M MISTER PRO
TEM AND MEMBERS DEREK CLINICS ON
BEHALF OF A NUMBER OF SCHOOL
EMPLOYER ASSOCIATIONS
REPRESENTING SCHOOL LEADERS
ACROSS THE STATE BE ASSOCIATION
OF CALIFORNIA SCHOOL
ADMINISTRATORS.
SCHOOL EMPLOYERS ASSOCIATION OF
CALIFORNIA AND THE SMALL SCHOOL
DISTRICTS
ASSOCIATION ALL IN SUPPORT OF
KAREN YAMAMOTO WE'VE BEEN REALLY
IMPRESSED BY HER WORK SO FAR.
AND ARE THE TWO MOST COMMON
QUESTIONS WE GET FROM OUR
MEMBERS.
FIRST IS ABOUT THE LONG TERM
SUSTAINABILITY AT THE FIND
WHETHER IT'S GOING TO BE THERE
AND SO I CAN TALK ABOUT WEARING
THE ONE HAT. THAT'S EXACTLY WHAT
WE WANT HERE BECAUSE WE SHARED A
PRIORITY IN THE SECOND OR ABOUT
THE COMPLEX POLICY QUESTIONS
THAT YOU ALL HAVE RAISED A
SENATORS HERE TODAY. WE BUG THEM
WITH THE SAME QUESTIONS
AND SO TO HAVE SOMEBODY WHO SUCH
A GREAT LISTENER WHO HAS THE
BACKGROUND AND EXPERIENCE DO
THIS WORK.
I WOULD JUST REALLY EXCITED TO
CONTINUE TO WORK WITH HER AT
SCHOOL EMPLOYERS AND
STAKEHOLDERS WITHIN THE SYSTEM
AND WE URGE YOUR SUPPORT FOR
MISS HIM ABOUT IT THANK YOU.
CLICK.
NEXT ONE SUPPORT IT AFTERNOON MY
NAME IS JACKIE ONE FOR
IDENTIFICATION PURPOSES TODAY AM
ACTUALLY I'M SPEAKING.
AS A TRUSTEE FOR THE WASHINGTON
UNIFIED SCHOOL DISTRICT AS WELL
AS VICE PRESIDENT ONE OF THE FEW.
STATISTICS THAT HAVE CALLED FOR
A RESOLUTION FOR A FULL AND FAIR
FUNDING.
FOR TO IMPLEMENT ALTHEA AB
HEALTHY ABOUT THAT WE
IMPLEMENTED IN A LITTLE WHILE
AGO TO ENSURE EQUITY.
AND I THINK THAT I CAN'T THINK
OF ANYBODY OUT MORE QUALIFIED TO
BE ON THE SEARCH FOR HIS FOR THE
AGAIN THAT ONE HAT. THAT WAS.
SPOKEN TO I MUST ALSO SAY THAT.
WE. ASK YOU KNOW SHE WAS
APPOINTED SHE REACHED OUT TO
WASHINGTON UNIFIED AND TO THE
PRACTICAL THINGS AGAIN THERE'S
I'M I'M KNOWN TO CARE FOR ALMOST
TWENTY YEARS LOSAR WHO LOOKED
VERY YOUNG. BUT I'M IN ANY CASE
SHE'S BEEN.
COME KNOCKING ON OUR DOOR STOP
I'M NOT GONNA IMPLICATION WITH
ME US ALL THIS WHO TENDED TO
MAKE THAT'S VERY PRACTICAL.
RANTING GAUGE THE MEMBERS SO
I'VE BEEN REALLY AND EXCITED TO
HAVE HER AS AN APPOINTEE AND I
URGE THAT YOUR THAT YOUR POINTS
ARE TRICKSTERS.
DO NEXT WHEN SUPPORT.
MR TERM MEMBERS MY NAME IS
SOPHIA QUAN KIM AND I'M NOT
NORMALLY ON THE SIDE OF THE ROOM.
BUT IT I DO I WORK FOR THE
LEGISLATURE IN THE ASSEMBLY BUT
TODAY I HAD TO COME TO SUPPORT
MY FRIEND AND MENTOR KAREN
YAMAMOTO. I HAVE KNOWN KAREN
FORKED OVER TWENTY FIVE YEARS
AND AND SHE IS SHE'S NOT ONLY
BEEN A MENTOR TO ME BUT TO A LOT
OF YOUNGER FOLKS. AND YOU KNOW
WHO. HAVE ENTERED THE BUILDING
SINCE YOU KNOW MEETING HER.
I ALSO SERVE ON THE BOARD WITH
HER ON THE ASIA PACIFIC YOUTH
LEADERSHIP PROJECT IN A ONE TIME
SHE WAS THE TREASURER OF OF A IF
YOU WELL KEYBOARD. AND I CAN NOT
TELL YOU THAT THERE'S AND THAT
NOT A BETTER PERSON TO KEEP
TRACK OF OUR EXPENSES AND. YOU
MAKE SURE THAT OUR BILLS ARE
PAID AND AND IN A TIMELY MANNER
SO I KNOW THAT SHE'S GOOD FOR
NUMBERS AND SO. YOU KNOW AGAIN
OUT ON A ON A PERSONAL LEVEL AS
WELL AS ON A PROFESSIONAL LEVEL
REALLY URGE YOUR SUPPORT OF HER
APPOINTMENT P. HERE THING THANK
YOU MUCH UP MISTER MAYOR. OF
THIS PRESERVATIVE IN MEMBERS OF
THE COMMITTEE THANK YOU
INCREASED WORKABLE THAT I'M THE
MAYOR OF THE CITY OF WHAT
SACRAMENTO A WHERE KAREN HAS
BEEN A TEACHER.
AND WHERE CUSTOMERS IS
HEADQUARTERED SO AFTER THE
TEACHERS AND THE STATE WHERE THE
THIRD MOST INTERESTED IN THE
SOLVENCY OF OUR ANCHOR OF TO
HAVE THE IT ORGANIZATION IN OUR
CITY.
AND I HAVE FOR OUR CITIES ALSO
THE.
THAT THE FOLKS THAT HAVE HELD
HEARINGS PORTFOLIO. OF SECOND
GRADERS ALL THE WAY TO MATURITY
AND I CAN REPORT TO YOU THAT SHE
CONSISTENTLY DELIVERED RETURNS
IF THE YOUNG PEOPLE IN THAT
LEADERSHIP PROJECT.
AND EVEN AT THAT MOMENT HURT THE
FISCAL DISCIPLINE IMPRUDENCE OF
IT SHE EXERCISED IN THAT IN THAT
ROLE IN IN SUPPORT OF THEIR
DEVELOPMENT AND THEIR LEADERSHIP.
A WAS AN EXEMPLAR SO I WOULD
HIGHLY RECOMMEND IT ON ON BEHALF
OF OUR COMMUNITY THANKS FOR YOUR
CONSIDERATION BICU THANK YOU
MUCH FOR SPARE ANY OTHER FOLKS
IN SUPPORT. SIGNIN THOSE IN
OPPOSITION.
THE SCENE OPPOSITION OKAYED CAN
I GET A MOTION FOR MISS YAMAMOTO.
WITH THE MOTION MADE BY A
MISSILE LIVE FROM MADAM
SECRETARY PLEASE CALL THE ROLL
SENATORS ATKINS.
ATKINS AYE BERRYHILL BERRYHILL
AYE LEYVA. LEYVA AYE CANNELLA
CANNELLA AYE DELEON. DELEON AYE
MISA YAMAMOTO CONGRATULATIONS.
OKAY WILLIAM AND YOU KNOW WE ARE
GOING TO ADJOURN THIS.
WHEN I GO INTO AN EXACT.
SO THIS MEETING IS ADJOURNED