Marcie Frost joined CalPERS as chief executive officer (CEO) in October 2016. She is the ninth CEO and second woman to head America's largest pension fund. As CEO, Marcie oversees an annual budget of $1.8 billion, an experienced team of 2,800 professionals, and three lines of business for the fund: pensions, health benefits, and investments.
Prior to joining CalPERS, Marcie spent 30 years as a public servant in Washington state. Her early leadership roles were in human resources with an emphasis on employee benefit programs and information technology. She later was named executive director of the Washington State Department of Retirement Systems, where she demonstrated strong leadership and innovation, an emphasis on customer satisfaction, and team collaboration.
Marcie represents the United States on the International Centre for Pension Management Board of Directors.