Definitions for calpers
calpers

WikipediaRate this definition:0.0 / 0 votes

1. CalPERS

   The California Public Employees' Retirement System (CalPERS) is an agency in the California executive branch that "manages pension and health benefits for more than 1.6 million California public employees, retirees, and their families". In fiscal year 2019–20, CalPERS paid over $25.8 billion in retirement benefits, and over $9.2 billion in health benefits.CalPERS manages the largest public pension fund in the United States, with more than $469 billion in assets under management as of June 30, 2021. CalPERS is known for its shareholder activism; stocks placed on its "Focus List" may perform better than other stocks, which has given rise to the term "CalPERS effect". Outside the U.S., CalPERS has been called "a recognized global leader in the investment industry", and "one of America's most powerful shareholder bodies".As of 2018, the agency has $360 billion in assets, and is underfunded by an estimated $150 billion, with current assets below 70% of necessary to provide for liabilities. In an effort to reduce this shortfall, at the end of 2016 the board lowered their expected annual rate of return on investments from 7.5% to 7.0%, increasing the costs California cities must pay toward their workers' pensions.

How to pronounce calpers?

1. Alex

   US English

   David

   US English

   Mark

   US English

   Daniel

   British

   Libby

   British

   Mia

   British

   Karen

   Australian

   Hayley

   Australian

   Natasha

   Australian

   Veena

   Indian

   Priya

   Indian

   Neerja

   Indian

   Zira

   US English

   Oliver

   British

   Wendy

   British

   Fred

   US English

   Tessa

   South African

How to say calpers in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of calpers in Chaldean Numerology is: 7

2. Pythagorean Numerology

   The numerical value of calpers in Pythagorean Numerology is: 2

Examples of calpers in a Sentence

1. Carroll Wills:

   The CalPERS board has done a good job over the years, we trust their judgment on these things.

2. Chuck Reed:

   Calpers has dedicated itself to preserving the status quo and making it difficult for anybody to reform pensions, this is one way to take on Calpers, and yes, Calpers will push back.

3. Jerry Brown:

   I am deeply disappointed that the CalPERS Board reversed course and adopted an irresponsible plan that will only keep the system dependent on unrealistic investment returns, this approach will expose the fund to an unacceptable level of risk in the coming years.

Popularity rank by frequency of use

References

1. ^ Wikipedia
   https://en.wikipedia.org/wiki/Calpers