California's public-sector retirees already have a place in the sun; CalPERS gives them the money to enjoy it. CalPERS is the California Public Employees' Retirement System, the largest public pension system in the US. It manages retirement and health plans for more than 1.6 million beneficiaries (employees, retirees, and their dependents) from more than 3,000 public state employers. Most of CalPERS' revenue comes from its enormous investment program: It has interests in US and foreign securities, oil and energy, real estate, and even hedge funds and venture capital.
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- Year Started 1932
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Anne StausbollChief Executive Officer
ROBERT F CARLSONVice President
GLORIA MOORE ANDREWSExecutive Vice President