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Calpers CEO's Education to Get Scrutiny From Some Board Members

  • Hiring announcement said she was pursuing dual B.A.-master’s
  • Confidence in Marcie Frost ‘unwavering,’ say president and VP

Marcie Frost was hired as chief executive officer of the California Public Employees’ Retirement System more than two years ago without a college degree, though the largest U.S. pension fund said she was pursuing one.

That assertion was questioned this week in postings by the website Naked Capitalism, which said she never made a serious effort to earn the dual bachelor’s and master’s in public administration from Evergreen State College that Calpers had said in July 2016 she was seeking.