CALIFORNIA PUBLIC EMPLOYEES RETIREMENT SYSTEM

The California Public Employees' Retirement System is a Californian agency in the investment managing business. The firm is state operated and provides retirement and health benefit programs and other services in order to maintain members’ financial security. California Public Employees' Retirement System, CalPERS for short, supports public employees, retirees, and families, managing equity, fixed income, alternative portfolios, hedge funds, real estate asset management and acquisitions, and external management services. Although all its clients are residents of California, the organization invests in a variety of securities on the global scale, include cash equivalents and real estate worldwide. CalPERS’s headquarters are in Sacramento, but it also has additional offices in San Francisco, Glendale, San Bernardino, San Diego, San Jose, Orange, and Fresno. The agency currently has over 1.7 million members, with over a million of its members being active supporters and over half a million beneficiaries. Its contributing members are more or less split equally between state, school, and local public agencies. CalPERS employers come from public agencies and school districts and number over 3000, being about equally distributed. The agency paid over $12 billion in benefits to its retired members and has a current total fund market value of approximately $300 billion. The business is run with the board of directors oversee the company and the finance committee and general counsel acting directly beneath it. In order to operate, CalPERS is divided into an investment, health and retirement segment, relying on a four divisional infrastructure with Human Resources, Information Technology Services, Fiscal, and Audits branches to support it. CalPERS’s retirement income funds are split into 5 year target plans, currently ranging from 2015 to 2055. Its notable core index funds come from State Street Global Advisors and include Short Term Investment, Real Asset, Bond Index, and Russell All Cap Index funds.