7900 Public Employees' Retirement System
Mission Statement

Effective July 1, 2013, the Governor's Reorganization Plan No. 2 of 2012 creates the Government Operations Agency and, as part of the plan, moves the California Public Employees' Retirement System (CalPERS) (previously budgeted within State and Consumer Services Agency under Organization Code 1900) to this new Agency (Government Operations).

CalPERS administers retirement benefits for about 1,654,000 (as of June 2012) active employees and retirees of state and local agencies in California. Benefits include retirement, disability, and survivor's retirement benefits.

CalPERS provides health benefits for about 1,379,000 (as of October 2012) active and retired state, local government, and school employees and their family members. CalPERS develops, negotiates, and administers contracts with health maintenance organizations, group hospitals, and medical insurance plans. In addition, CalPERS administers a long-term care program for members and eligible individuals.

CalPERS is governed by a Board of Administration. The California Constitution provides that the Board of Administration has authority over the administration of the retirement system; therefore, the budget data presented here is for informational purposes only, with the exception of the component of the Health Benefits Program funded from the Public Employees' Contingency Reserve Fund.