CalPERS Names Sherry Johnstone Chief Compliance Officer.SACRAMENTO, Calif. -- The California Public Employees' Retirement System (CalPERS) has appointed Sherry Johnstone as the pension fund's Chief Compliance Officer. Johnstone will lead an independent and objective enterprise-wide compliance effort to ensure that CalPERS operations comply with the System's internal policies and with external rules such as the Internal Revenue Code The Internal Revenue Code is the body of law that codifies all federal tax laws, including income, estate, gift, excise, alcohol, tobacco, and employment taxes. These laws constitute title 26 of the U.S. Code (26 U.S.C.A. § 1 et seq. , the Health Insurance Portability and Accountability Act The Health Insurance Portability and Accountability Act (HIPAA) was enacted by the U.S. Congress in 1996. According to the Centers for Medicare and Medicaid Services (CMS) website, Title I of HIPAA protects health insurance coverage for workers and their families when , and the Public Employees Retirement Law. She will report to CalPERS General Counsel Peter Mixon, Chief Executive Officer Fred Buenrostro and to the Board of Administration through its Finance Committee. She will also serve as the primary consultant to the Finance Committee and Executive Management team in formulating policies and procedures Policies and Procedures are a set of documents that describe an organization's policies for operation and the procedures necessary to fulfill the policies. They are often initiated because of some external requirement, such as environmental compliance or other governmental related to internal compliance issues involving all CalPERS-administered programs. "This new position will ensure that our operations are above reproach re·proach tr.v. re·proached, re·proach·ing, re·proach·es 1. To express disapproval of, criticism of, or disappointment in (someone). See Synonyms at admonish. 2. To bring shame upon; disgrace. n. ," said Buenrostro. "We set a high standard for companies in which we invest to put in place means to prevent illegal, unethical, or improper conduct. Our new office of compliance will monitor and report on our own operations at CalPERS to ensure that we do the same." Johnstone comes from the California State Department of Transportation, which she joined in 1996. She has been Chief of its External Equal Opportunity Program since July 2002. Earlier, she was Acting Deputy of Administration for the Department's San Bernardino San Bernardino, city, United States San Bernardino (săn bûr'nədē`nō), city (1990 pop. 164,164), seat of San Bernardino co., S Calif., at the foot of the San Bernardino Mts.; inc. 1854. Office; its Acting Chief of Policy and Administration; Chief of Program Evaluation Program evaluation is a formalized approach to studying and assessing projects, policies and program and determining if they 'work'. Program evaluation is used in government and the private sector and it's taught in numerous universities. and Analysis; and Chief of the Equal Opportunity Program. She received a Bachelor's degree in Communications from California State University, Sacramento California State University, Sacramento, more commonly referred to as Sacramento State or Sac State, is a public university located in the city of Sacramento, California, USA. It is part of the California State University system. . "I'm confident that Sherry will be a great asset to CalPERS," Mixon said. "She will tap her experiences in compliance from a solid career in state service to break new ground for us." CalPERS is the nation's largest public pension fund, with more than $178 billion in assets. It provides retirement and health benefits to more than 1.4 million State and local public employees and their families. For more information on CalPERS, visit www.calpers.ca.gov. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion