Carlson, the senior member of the $144-billion CalPERS board, was designated the winner of the board seat representing retired CalPERS members after receiving no opposition in an election originally scheduled for this fall. With the redesignation, Carlson will continue representing the retirees, a post he has held since 1985, according to a news release.
The retiree representative mantle was bestowed on Carlson after retirement from state service in 1985 as chief counsel of the California Department of Transportation. His new term begins January 16, 2004 and ends January 15, 2008.
Carlson has served on the board of the nation’s largest public pension fund since 1971, when he was elected by and from active state members of CalPERS. He served as board president from 1976 to 1985; there was some speculation that he would reassume the post earlier this year (See CalPERS Poised to Tap New Board Head ). Currently, he chairs the Finance Committee, is vice chair of the Performance and Compensation Committee and R Street Project Subcommittee of the Investment Committee and sits on the Benefits and Program Administration and Investment Committees.
In addition to being a CalPERS board member, Carlson also serves on the boards of 14 investment trusts in the Franklin-Templeton Group of mutual funds. He is a graduate of St. Mary’s College and the University of California Hastings College of Law.