Calpers

Extracted Attributes

• Type

  California executive branch agency

• Function

  Manages pension and health benefits

• Beneficiaries

  Over 1.5 million California public employees, retirees, and their families

• Funding Ratio

  Below 70% of necessary assets (as of 2018)

• Official Name

  California Public Employees' Retirement System

• Key Initiatives

  Sustainable Investments Program, CalPERS $100 Billion Climate Action Plan

• Funding Shortfall

  $150 billion (estimated, as of 2018)

• Investment Strategy

  Shareholder activism, "Focus List"

• Headquarters Location

  Lincoln Plaza East & West, 3rd Street, Southside Park, Downtown, Sacramento, Sacramento County, California, 95814, United States

• Assets Under Management

  $469 billion (as of 2021-06-30)

• Health Benefits Disbursed

  $9.74 billion (Fiscal Year 2020-21)

• Retirement Benefits Disbursed

  $27.4 billion (Fiscal Year 2020-21)

• Investment Portfolio Composition

  Stocks, bonds, real estate, private equity, inflation-linked assets

• Expected Annual Rate of Return (after 2016-12-31)

  7.0%

• Expected Annual Rate of Return (prior to 2016-12-31)

  7.5%

Timeline

• Lowered its expected annual rate of return on investments from 7.5% to 7.0%, leading to increased pension costs for California cities. (Source: Wikipedia)

  2016-12-31

• Held $360 billion in assets and was underfunded by an estimated $150 billion, with assets below 70% of necessary to cover liabilities. (Source: Wikipedia)

  2018

• Managed more than $469 billion in assets. (Source: Wikipedia)

  2021-06-30

• Disbursed over $27.4 billion in retirement benefits and over $9.74 billion in health benefits for the fiscal year 2020-21. (Source: Wikipedia)

  2021-06-30

• Voted against Elon Musk's $56 billion pay package for Tesla. (Source: Document 06396f45-b66d-4b53-8325-f83041a0c387)

  2024-06

CalPERS

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". As of 2018, the agency has $360 billion in assets, and is underfunded by an estimated $150 billion, with current assets below 70% of necessary to provide for liabilities. In an effort to reduce this shortfall, at the end of 2016 the board lowered their expected annual rate of return on investments from 7.5% to 7.0%, increasing the costs California cities must pay toward their workers' pensions.

Web Search Results

• What Does CalPERS Invest In?

  Considering how crucial these investments are to paying pensions, CalPERS is keen to make wise investing decisions. CalPERS invests billions of dollars in a wide array of companies in the United States and across the world operating in industries such as information technology, retail, health care, energy, entertainment, and financial services. [...] You may know that CalPERS manages an investment portfolio worth more than $500 billion. That’s an eye-popping amount, and it leads one to wonder what types of investments are in that portfolio. It’s an important question for two major reasons: The money belongs to our members, and CalPERS depends on the returns from its investments to pay the largest portion of member pensions each year. [...] September is National Service Dog Month, and at CaImage 15: September is National Service Dog Month, and at CalPERS, we recognize the vital role service dogs play in supporting the health and well-being of individuals, including many of our members. These incredible animals provide assistance, independence, and emotional support to those with disabilities, helping them lead fuller, healthier lives. We’re proud to share the story of Rissa, who regularly visits our office under the guidance of

• Investment Organization - CalPERS

  Investment Organization The Investment Office invests and manages CalPERS assets. The portfolio invests in stocks, bonds, real estate, private equity, inflation-linked assets, and other public and private investment vehicles. Our goal is to generate total returns on a long-term basis while managing risk. [...] Sustainable Investments [...] Individual investment decisions are made by an internal trading staff as well as external equity managers on behalf of the CalPERS Board of Administration. The board adopted a set of beliefs that articulate the Pension Fund's views on the public pension design, funding, and administration. The board has investment authority and sole fiduciary responsibility for the management of CalPERS assets.

• [PDF] California Public Employees' Retirement System - CalPERS

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• California Public Employees' Retirement System

  Updated: October 8, 2025 Social Links Menu Facebook LinkedIn Instagram Twitter / X YouTube RSS Feeds We serve those who serve California. Copyright © 2025 California Public Employees' Retirement System (CalPERS) | State of California Footer Menu Contact Job Opportunities Subscribe Privacy Policy Conditions of Use Accessibility Bilingual Services Judges' Retirement System Site Map ##### CalPERS Additional Info Close Back to Top [...] California Public Employees' Retirement System Skip to main content Image 1: CalPERS logo Header Menu Contact About Log in to myCalPERS") Powered by Image 2: Google TranslateTranslate Menu Log in to myCalPERS") Search Main navigation Home Members [...] Sustainable Investments Program About the Program CalPERS $100 Billion Climate Action Plan Climate Change Emerging & Diverse Manager Program Environmental, Social & Governance Integration Financial Markets Human Capital Explore All Investment Topics > Contact About Search CalPERS - Homepage New To CalPERS Life Events Estimate Your Retirement Open Enrollment Resources Paydays

• Facts at a Glance - CalPERS

  Read our latest statistics. View specific statistics and infographics about CalPERS programs including: Finances (PDF) Funding (PDF) Investments (PDF) Retirement Plan Members (PDF) Health Benefits Program (PDF) CalPERS Organization (PDF) State Legislation [...] Find the steps we've taken to ensure the long-term sustainability of the CalPERS fund in Serving Those Who Serve California (May 2022). The CalPERS Pension Buck provides the sources of income that fund public employee pensions. The Economic Impacts of Pension Benefit Payments and Economic Impacts of CalPERS Pensions in California details the economic impacts of CalPERS retirement benefit payments throughout the state. [...] Sustainable Investments Program About the Program CalPERS $100 Billion Climate Action Plan Climate Change Emerging & Diverse Manager Program Environmental, Social & Governance Integration Financial Markets Human Capital Explore All Investment Topics > Contact About Search Breadcrumb 1. Home 2. About 3. Our Organization 4. Facts at a Glance Facts at a Glance