Michael Bilbrey has the skills and experience to deal with investment, corporate governance, asset management, healthcare benefits and cost containment issues.


  • CalPERS Board of Administration
  • At Large Seat B
  • 2011-13 served first partial term
  • 2014-17 successfully serving first full term
  • 2018-22 seeking reelection for the new term

CalPERS Committees

  • Performance, Compensation and Talent Management, Chair (current)
  • Pension & Health Benefits, Vice Chair (current)
  • Board Governance (current)
  • Investment (current)
  • Finance & Administration (previous)
  • Risk & Audit (previous)

Leadership Experience

  • Member of the Committee on Workers' Capital, an international network for dialogue and action on the responsible investment of workers’ capital.
  • Member of the California Trustee Network
  • Member of the Harvard Trustee Leadership forum
  • Served as a statewide leader for classified school employees for more than 25 years.
  • Former President of the California School Employees Association, representing more than 230,000 classified employees in California’s public schools, community colleges and local public agencies.
  • Served as CSEA Investment Committee Chair, managing a multi-million-dollar investment portfolio.
  • Holds a Certificate of Achievement in Public Pension Policy (CAPPP)
  • Holds an MBA degree and has been trained in pension oversight and investment.