In the latest episode of the On the Job with PORAC podcast, President Brian Marvel and Vice President Ben Therriault are joined by PORAC-endorsed CalPERS Board candidates Jose Luis Pacheco and Dom Bei. The conversation highlights their vision for ensuring California’s pension system delivers on its core promise: securing stable retirements for the fund’s 2.3 million members.

They discuss fiduciary responsibility, the importance of prioritizing returns over ESJ or values-based investing, and the need for long-term strategies that adapt to global and budgetary challenges. Pacheco and Bei also emphasize strengthening accountability on the CalPERS Board, stabilizing leadership turnover, creating strong performance incentives for investment staff, and increasing member engagement to ensure every voice is heard.