California Public Employees Retirement System Overview

  • Service
  • Lender
  • Founded
  • 1932
Founded
  • Financed Companies
  • 1
  • Financings
  • 1

California Public Employees Retirement System General Information

Description

California Public Employees Retirement System (CalPERS) is an agency in the California executive branch that manages retirement and health benefits. It was established by state law in 1932 to provide retirement benefits for state employees. In 1939, public agency and classified school employees were allowed to participate. In 1962, state law authorized CalPERS to provide health benefits to state employees. The health benefits program was expanded in 1967 to include public agency and school employees. In 1995, CalPERS began offering a supplemental deferred compensation retirement savings plan to members of public agencies that contract for it, and long-term care insurance on a not-for-profit basis. Currently, CalPERS provides benefits based on a member's years of service, age, and highest compensation. In addition, benefits are provided for disability and death, with payments in some cases going to survivors or beneficiaries of eligible members. CalPERS derives its income from investments, from member contributions, and from employer contributions.

Contact Information

Year Founded
1932
Service Provider Type
Lender
Primary Office
  • 400 Q Street
  • Sacramento, CA 95811
  • United States

California Public Employees Retirement System Financings

Company Name Financing Date Debt/Deal Date Debt/Deal Amount
NexPak Jul 2004 00000 0000000
000000 Jul 2004 00000 0000000
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California Public Employees Retirement System Co-Lenders (4)

Lender Lender Type Lender Location Total Shared Financings Last Shared Financing
Cerberus Capital Management Lender New York, NY 1 00000
00000000 0000 Commercial Bank Frankfurt, Germany 0 00000
Highland Capital Management Lender Dallas, TX 1 00000
Wells Fargo Capital Finance Lender Santa Monica, CA 1 00000
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California Public Employees Retirement System Investment Preferences

Preferred Industries Preferred Verticals Preferred Deal Types Geographic Preferences Transaction Amount

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California Public Employees Retirement System Team (104)

Name Title Related Financings Office Contact
Info
Marcie Frost Chief Executive Officer Sacramento, CA
Henry Jones President, Chairman of Board Governance Committee and Member of Investment Committee Sacramento, CA
Michael Cohen Chief Financial Officer Sacramento, CA
Douglas Hoffner Chief Operating Officer Sacramento, CA
Marlene D'Adamo JD Chief Compliance Officer Sacramento, CA
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California Public Employees Retirement System Board Members (14)

Name Representing Role Since
Betty Yee California State Teachers' Retirement System Board Member 000 0000
Dana Hollinger JD California Public Employees Retirement System Board Member, Chairwoman of Risk & Audit Committee, Vice Chairwoman of Board Governance Committee and Member of Investment Committee 000 0000
David Miller California Public Employees Retirement System Board Member, Vice Chairman of Finance & Administration Committee, Risk & Audit Committee and Member of Investment Committee 000 0000
Henry Jones California Public Employees Retirement System President, Chairman of Board Governance Committee and Member of Investment Committee 000 0000
John Chiang California Public Employees Retirement System Board Member & State Treasurer 000 0000
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California Public Employees Retirement System Subsidiaries (1)

Company Name Industry Location Founded
000000 00000 00000 Investor San Francisco, CA 0000
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