Calpers

CalPERS designs and administers comprehensive retirement and health care programs for California's public workforce. The organization acts as a critical financial steward, ensuring the long-term sustainability of pension funds and facilitating access to essential health benefits. It employs sophisticated investment strategies and administrative expertise to meet its commitments to members.

The entity that became CalPERS was established in 1932 as the State Employees' Retirement System (SERS). Its formation was prompted by the need to provide structured financial security for California's public employees, a recognition of the state's responsibility to its dedicated workforce. This foundational insight led to the creation of a system designed for enduring employee support.

CalPERS primarily serves California's public employees and their beneficiaries. Its core mission is to deliver dependable retirement and health care benefits, aspiring to be a respected partner that provides sustainable programs for those who serve the state. The organization's long-term vision is centered on securing the future financial well-being of its members.