1900 Public Employees' Retirement System
Program Descriptions

40 - INVESTMENT OPERATIONS

Through this program, CalPERS invests funds in various investment categories (stocks, bonds, real estate, etc.) for the purpose of minimizing the employers' contributions to the system needed to provide benefits to active participants, retired members, and their beneficiaries. Since CalPERS' establishment in 1932, the System's assets have grown from $800,000 to a total of $181.1 billion, as of June 30, 2009.