CALPERS Names Four to Executive Posts

April 13, 2010 ( – The California Public Employees’ Retirement System (CalPERS) has announced a series of executive appointments.

A CALPERS news release said Larry Jensen was named Assistant Executive Officer of the pension fund’s Administrative Services Branch, Kim Malm as Interim Assistant Executive Officer for the Health Benefits Branch, Alan Milligan as CalPERS Interim Chief Actuary, and Danny Brown as Chief of the Office of Governmental Affairs.

According to the announcement, Jensen oversees the Human Resources Division, Fiscal Services Division, Operations Support Services Division, and Strategic Management Services Division.

Jensen joined CalPERS 15 years ago as an auditor and was named Chief Auditor in 2002. Prior to CalPERS, he worked in the audit and accounting field for 12 years at California State University, Sacramento, and in the private sector. Jensen succeeds John Hiber who left CalPERS in May 2009. He will report to Deputy Executive Officer Steve Kessler. Jensen has an accounting degree from National University.

Malm will oversee the Offices of Health Plan Administration, Employer and Member Health Services, and Health Policy and Program Support. She also provides leadership to the Division of Operations and Infrastructure Support.

Malm came to CalPERS in 1998 where she served as Chief of the Operations Support Services Division before moving to the Health Benefits Branch in February, 2010.

As Interim Chief Actuary, Milligan oversees the operations of the Actuarial Office, which produces annual valuation reports for more than 2,000 CalPERS retirement plans, and provides advice and counsel on actuarial matters to the CalPERS Board and its Benefits and Program Administration Committee. He replaces Ron Seeling who served as the pension fund’s Chief Actuary since October 1994 and retired on March 31. Prior to joining CalPERS, Milligan served as a consulting actuary for the Canadian firm of Leong & Associates Actuaries and Consultants, Inc. He earned his Bachelor’s degree in mathematics from the University of British Columbia.

Brown is responsible for the overall management and operational activities of CalPERS state and federal legislative programs. He previously served as the Assistant Chief for CalPERS Governmental Affairs operations for four years, and has extensive knowledge of CalPERS member and employer programs, having worked in CalPERS Actuarial and Employer Services Branch for five years. Brown first joined CalPERS in October 1998 as a human resources analyst.