The board of administration of the California Public Employees' Retirement System (CalPERS) has announced that Marcie Frost has been named as the pension fund's new chief executive officer.

Frost, 51, is a 16-year veteran of the pension industry. She most recently served as the executive director of the Washington State Department of Retirement Systems (DRS), which she joined in 2000 and where she has held numerous leadership roles. She also serves as an ex officio member of the Washington State Investment Board.

Frost replaces Anne Stausboll, who retired at the end of June, and will assume her new post on October 3. Currently Doug Hoffner is serving as interim CEO.

Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.

  • Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and events
  • Access to other award-winning ALM websites including and

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.