onlyTrustedInfo.comonlyTrustedInfo.comonlyTrustedInfo.com
Notification
Font ResizerAa
  • News
  • Finance
  • Sports
  • Life
  • Entertainment
  • Tech
Reading: California Legislators Endorse Bitcoiner For $500 Billion Pension Board
Share
onlyTrustedInfo.comonlyTrustedInfo.com
Font ResizerAa
  • News
  • Finance
  • Sports
  • Life
  • Entertainment
  • Tech
Search
  • News
  • Finance
  • Sports
  • Life
  • Entertainment
  • Tech
  • Advertise
  • Advertise
© 2025 OnlyTrustedInfo.com . All Rights Reserved.
Finance

California Legislators Endorse Bitcoiner For $500 Billion Pension Board

Last updated: March 12, 2025 9:15 am
Oliver James
Share
3 Min Read
California Legislators Endorse Bitcoiner For 0 Billion Pension Board
SHARE

California Legislators have endorsed bitcoin nonprofit founder Dom Bei in his campaign for a seat on the board of the California Public Employees’ Retirement System (CalPERS).

CalPERS oversees a massive $500 billion pension fund serving over 2 million public sector retirees. If elected, Bei would be the first openly pro-bitcoin voice on the 13-member board.

Bei is a 16-year veteran firefighter who founded Proof of Workforce, a nonprofit providing bitcoin education to workers, unions and pension funds. He previously served on Santa Monica’s pension advisory board and played a key role in the city’s firefighters union, becoming one of the first to hold bitcoin.

I’ve dedicated over a decade to championing workers and wage-earners.

Now, 𝐈’𝐦 𝐫𝐮𝐧𝐧𝐢𝐧𝐠 𝐟𝐨𝐫 𝐂𝐚𝐥𝐏𝐄𝐑𝐒 𝐁𝐨𝐚𝐫𝐝 𝐨𝐟 𝐓𝐫𝐮𝐬𝐭𝐞𝐞𝐬 to protect our nation’s largest public pension, serving 2M+ participants! pic.twitter.com/qgbocBVTAI

— Dom Bei (@Beiwatch1) March 12, 2025

Through his outreach work, Bei has assisted multiple unions, associations and pensions in exploring and adopting bitcoin strategies. This includes spearheading education efforts for the Wisconsin Retirement System.

He stated, “Now more than ever, pension participants and stakeholders need to engage with with their pension funds. I am running for the CalPERS Board of Trustees with the goal of being a conduit for engagement and transparency, while advocating for the long term health and success of the nation’s largest pension fund.”

He received endorsements from a wide range of supporters including the California State Senator Ben Allen, Tony Vazquez of the California Board of Equalization, Santa Monica Mayor Lana Negrete, Vancouver Mayor Ken Sim, President of the Santa Monica Firefighters Local 1109 Garrett Childers and others. This diverse coalition demonstrates the broad appeal of Bei’s message and qualifications.

CalPERS faces growing headwinds with its traditional 60/40 portfolio allocation, struggling amid inflation and rising interest rates. With ballots going out in late August, Bei’s bitcoin credentials could resonate with California’s public workforce seeking new strategies to shore up their retirement security.

His campaign website accepts donations in both fiat and bitcoin.

You Might Also Like

2 Millionaire-Maker Electric Vehicle (EV) Stocks

Live Nasdaq Composite: Markets Stand Still on Tariff and Tech Tussle

2 Tech Stocks That Could Help Make You a Fortune

Why Garrett Motion Stock Is Down Today

Is AMD Stock Due for a Big Rally After Its Earnings Beat?

Share This Article
Facebook X Copy Link Print
Share
Previous Article Starliner astronauts’ return to Earth finally near as replacement crew readies to launch to space station Starliner astronauts’ return to Earth finally near as replacement crew readies to launch to space station
Next Article Russia tight-lipped on ceasefire deal as US arms to Ukraine resume | Russia-Ukraine war News Russia tight-lipped on ceasefire deal as US arms to Ukraine resume | Russia-Ukraine war News

Latest News

Former Escort Booked By Diddy Reveals How ‘The Tone’ Allegedly Changed During His Last ‘Freak Offs’ with Cassie (Exclusive)
Former Escort Booked By Diddy Reveals How ‘The Tone’ Allegedly Changed During His Last ‘Freak Offs’ with Cassie (Exclusive)
Entertainment June 8, 2025
Wall Street futures subdued ahead of US-China trade talks
Wall Street futures subdued ahead of US-China trade talks
Finance June 8, 2025
Tropical Storm Barbara forecast to become a hurricane Monday as Storm Cosme forms in the Pacific
Tropical Storm Barbara forecast to become a hurricane Monday as Storm Cosme forms in the Pacific
Tech June 8, 2025
Republican senators to watch in the maneuvering over Trump’s big bill
Republican senators to watch in the maneuvering over Trump’s big bill
Finance June 8, 2025
//
  • About Us
  • Contact US
  • Privacy Policy
onlyTrustedInfo.comonlyTrustedInfo.com
© 2025 OnlyTrustedInfo.com . All Rights Reserved.