CalPERS board

The CalPERS (California Public Employees’ Retirement System) Board is a governing body that oversees California’s largest public pension fund. Comprising elected and appointed members, the board makes decisions on investing pension assets, managing risks, and setting policies to ensure retirees receive promised benefits. Its role is to protect and grow the fund responsibly, balancing current obligations with future sustainability. The board operates transparently, ensuring accountability and sound governance in managing public employee retirement resources across California.