Sunday, June 21, 2009

Ballot Statement

Climate de-stabilization caused by our cheap-energy fossil-fuel addiction has already begun to change the physical world we depend on, a reality that money only reflects. Thus, conventional concepts about money, interest rates, investment, benefits, etc., must be constantly questioned. The theories which CalPERS staff use to guide investment must be regularly reconsidered and recalibrated.
I believe the best way to protect CALPERS members' real benefits is to begin ASAP to consistently correlate and integrate energy data and quality-of-life benchmarks with existing ongoing financial data and analysis.
I believe retirees' real economic needs - clean air and water, healthy food, and warmth - are more important that strictly financial benefits, which could conceivably fall short of what's needed even with the COLA.
Health care costs are a key concern. Substantial reductions can be realized with a transition to a more sustainable lifestyle that is more consistent with the way humans are evolved to live, with respect to nutrition, activities, and sleep.
My broad experience in engineering, economics, and in the community offers CalPERS members a kind of expertise that's particularly useful now, given the nature of likely future changes and challenges.
My financial track record includes management of my deferred compensation account. In the dot-com recession, my account only lost about 15% from its 9/30/00 high point, and had recovered by 9/30/03. In the current market crisis, I am seeing similar results so far. My choice of a permanent part-time position and early retirement are more evidence of good money management.
Moreover, I believe the active participation of well-informed member-investors will also strengthen CalPERS policies and investments. Members can educate themselves in theCalPERS' website's Investments section. They can sign up for CalPERs eSubscriptions.
Also, PERS Watch offers independent analysis.

1 comment:

  1. Thank you for posting this.
    1. CALPERS should have a similar forum were the voters can leave questions to each candidate for an answer. I hope that you will contact CALPERS to get such a forum created ASAP.

    2. A major issue today is corruption in our corporate system. An organization such as CALPERS because it owns many shares wields enormous clout. Yet I fail to see any candidate propose to use that economic clout to remove under performing corporate executives such as Immelt of General Electric and Kindler of Pfizer. I have written in before but I just got the usual blow-off "we understand your concerns" response from CALPERS. I am sure that CALPERS has suffered significant damage from the decline of the stock prices of these companies. IF elected will you use the power of CALPERS to fire under-performing corporate executives and to restore the financial integrity of these companies?

    Please see my posts: Jim Cramer's Wall of Shame and Pfizer - A Fiefdom for Corporate Managers?.