California State Treasurer Fiona Ma on July 20 announced that David Teykaerts has been appointed to serve as the executive director of CalSavers, the state-run program that provides retirement plan coverage for private-sector employees whose employers do not offer one. 
Teykaerts previously spent a decade with the largest pension fund in in the United States, the California Public Employees Retirement System (CalPERS). During that time, he worked closely elected officials, professional management that represented local governments, labor leaders, school districts, retiree coalitions, and private-sector leaders.
Teykaerts’ most recent positions at CalPERS had been serving as sassistant chief of stakeholder relations, and then as the interim chief.
Teykaerts’ appointment is part of a broader beefing up of CalSavers staff and pool of resources. Earlier in 2023, the California Retirement Savings Board issued a request for proposals for a qualified general consultant, including a registered municipal advisor, to provide expertise on the state-run retirement program industry.
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