California Public Employees' Retirement System (CalPERS)

The California Public Employees' Retirement System (CalPERS) is the largest public pension fund in the U.S., providing retirement and health benefits to more than 1.9 million public employees, retirees, and their families. It manages investments from the contributions of these employees and employers to ensure financial security in retirement. CalPERS focuses on sustainable investing and maintaining stable returns, with the goal of funding pensions for various public sector workers, including teachers, police officers, and firefighters, ensuring they have reliable income after they retire.