Posted on 01/08/2026 12:03:42 PM PST by CFW
(The Center Square) - California’s main state retirement fund, CalPERS, announced the hiring of a new chief diversity, equity, and inclusion officer whose listed duties include integrating DEI principles into investment practices, and recruiting staff for DEI-informed proxy voting and ESG investing, The Center Square has learned.
CalPERS, which faces an estimated $166 billion shortfall, insists the position won't influence financial choices. Shari Slate was hired for the job with base compensation of $221,580, though neither her Linkedin profile nor the news release indicate she has any experience in the finance industry.
CalPERS’ May 2025 state paperwork for the position says responsibilities include “integrating DEI principles into CalPERS’ investment practices, where the Chief DEI Officer collaborates with the Investment Office,” and “collaborating with investment groups to integrate DEI into financial decision-making, advocating for equity-driven investment strategies, and ensuring that CalPERS’ investment portfolio reflects its commitment to sustainability, social responsibility, and equitable outcomes.”
(Excerpt) Read more at thecentersquare.com ...
it doesn’t take any experience to identify if someone is white or male in order to discriminate against them
Any CA state employees or retirees happy about this should get it good and hard when the checks stop due to all of the failed investments.
Hell, multiple state AGs have already filed lawsuits against retirement fund companies like Blackrock for ESG and such. They are not living up to their fiduciary responsibility when using peoples money meant for retirement and blowing it on woke leftist political crap.
Calpers management should be investigated and charged by the SEC. This breaks all kinds of fiduciary laws.
Double down.... more like triple/quadruple down. These people are insanely stoopid.
This will not end well.....................
And suddenly the entire CalPERS investment fund was donated to the Democrat Party. “It’s an investment in the future”, she explained.
The Scamalis will be moving in for all that money
> ‘integrate DEI’ into retirement investments
Expect some well-funded Learing centers run by Democrats.
Chewing on carpet or biting the pillow, makes you a finance fiduciary in Gavin Troublesome’s California pension system. What could possibly go wrong? Don’t they dare demand a bailout in any currency beyond Bud Light or Cracker Barrel free products.
Nope.
Similar to when the mob took control of the teamsters central and southwest pension fund and loaned money to finance casinos in las Vegas. The difference was the fund did not lose money and the casinos were cash cows for the mob.
So you’re saying the mob actually made sound investments for the pension funds?
The DEI limit was reached when not only did you have a smart 26 year old son who couldn’t get a job, but all your friends also spent 250k on college and their 26 year old sons were also unable to get a job. It’s not isolated anymore, it is shafting 20 million young people with lots of talent .
This means using first time minority fund managers to manage billions of retiree pension money. The first-time managers usually are incompetent. I hate to say it but its true. They are not nearly as good as more seasoned managers. So a portion of every retiree's money will be getting subpar returns or may be lost. And many times, the DEI managers have connections to politicians so its a grift.
California state public employees,
Ugly. This will be detrimental to those in the government relying on pensions from CA. Should they have voted better?
“won’t influence investment decisions.’ But it will influence who is hired to make those investment decisions. Looks like CalPers is in for some bad weather.
What could possibly go wrong!
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