CalPERS
Sign in to saveAlso known as California Public Employees' Retirement System, Board of Administration of the Public Employees' Retirement System
The '''California Public Employees' Retirement System, branded as CalPERS''', is an agency in the California executive branch that "manages pension and health benefits for more than 1.5 million California public employees, retirees, and their families". In fiscal year 2020–21, CalPERS paid over $27.4 billion in retirement benefits, and over $9.74 billion in health benefits.
Wikidata facts
- Official website
- www.calpers.ca.gov
- Image
- CalPERS headquarters.jpg
Show 7 more facts
- inception
- 1932-00-00
- social media followers
- 33600
- official blog URL
- news.calpers.ca.gov
- official jobs URL
- www.calpers.ca.gov/page/about/job-opportunities
- privacy policy URL
- www.calpers.ca.gov/page/privacy-policy
- terms of service URL
- www.calpers.ca.gov/page/conditions-of-use
- accessibility statement URL
- www.calpers.ca.gov/page/accessibility
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~51 min read
Article
37 sectionsContents
- Statistics on pension payouts, 2018
- History
- Governor Pete Wilson
- Governor Gray Davis
- Governor Jerry Brown
- Governor Gavin Newsom
- Governance
- Law
- Board of Administration
- Controversies
- Executives
- Operations
- Investment income gains and losses 1999-2021
- Shareholder activism
- The Focus List and the "CalPERS effect"
- Analysis of performance of companies on the Focus List
- Notable investments
- Studies commissioned by CalPERS on its economic impacts
- Employee recognition program
- Contributions
- Member contributions
- Employer contributions
- Benefits
- Retirement benefits under defined benefit plans
- Deferred compensation and other supplemental income plans
- Disability retirement and industrial disability retirement
- Death benefits
- California Employers’ Retiree Benefit Trust Fund
- Health benefits
- Long-term care benefits
- Member Home Loan Program
- Unfunded Liabilities Crisis
- Criticisms
- See also
- References
- Further reading
- External links
The '''California Public Employees' Retirement System, branded as CalPERS''', is an agency in the California executive branch that "manages pension and health benefits for more than 1.5 million California public employees, retirees, and their families". In fiscal year 2020–21, CalPERS paid over $27.4 billion in retirement benefits, and over $9.74 billion in health benefits.
CalPERS manages the largest public pension fund in the United States, with more than $469 billion in assets under management as of June 30, 2021. CalPERS is known for its shareholder activism; stocks placed on its "Focus List" may perform better than other stocks, which has given rise to the term "CalPERS effect". Outside the U.S., CalPERS has been called "a recognized global leader in the investment industry", and "one of America's most powerful shareholder bodies".
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