Pension fund mouthpiece – er, external affairs director – Pat Macht is retiring from CalPERS after a 16-year run. Macht, who is launching a new career as a communications consultant, saw the huge fund nearly triple in assets from $85 billion to the current $230 billion. She was a great resource for reporters and helped newsies wade into the complexities of pension-fund politics and finance. She also was the spokesperson in many a story detailing allegations of corruption and insider dealing at CalPERS – not a pleasant task. Not surprisingly, Macht has news in the family: Her hubby Maury is a veteran Sac Bee journalist and her son Daniel – a former Capitol Weekly intern who wisely ignored everything we taught him – is a newshound in New York. We wish Pat well, and we assume she’s got a great pension. If she doesn’t, there’s no justice in the world…

Want to see more stories like this? Sign up for The Roundup, the free daily newsletter about California politics from the editors of Capitol Weekly. Stay up to date on the news you need to know.

Sign up below, then look for a confirmation email in your inbox.


Support for Capitol Weekly is Provided by: