CalPERS

United States – California US$ 310.8 Billion Origin: Contributions

Profile Directories

Sovereign Wealth Funds

Public Funds

Established: 1932
View SWFI Direct Transaction Data
Entity Structure: Retirement System

Fund Details

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Strategy & Objectives

Asset Allocation

Fixed Income Managers

Equity Managers

Alternative Managers

Real Estate Managers

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Private Equity Managers

Benchmarks and Returns

Consultants and SPs

Board and Advisors

Key Executives and People

Documents


Main Office

CalPERS HQ
400 Q Street
Sacramento, CA 95811
United States


Governance

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Summary

In 1921, the state employees of California had discussions of creating a retirement system for themselves. By 1930, a majority of California voters approved an amendment to the State Constitution to permit pensions to be paid to state workers. In 1932, the State Employees’ Retirement System (SERS) was created.

In the late 1960s, to reflect the retirement system contracting with hundreds of local public agencies, the name changes to the Public Employees’ Retirement System (PERS). In 1962, California state law authorized CalPERS to provide health benefits to state employees. By 1984, CalPERS convinced state voters to allow corporate stock investments in the investment portfolio.


Historical Assets Under Management

Billions USD – Based on Fiscal Year

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