Affiliate Program Services Division
The Affiliate Program Services Division promotes transparent, efficient management of CalPERS programs with constituencies smaller than those of the Public Employees’ Retirement Fund and of the Public Employees’ Medical and Hospitalization Care Act program. Presently, the division houses the following programs:
The California Employers’ Retiree Benefit Trust provides trust investment management and administration to pre-fund non-pension retiree benefits, such as medical insurance, provided by contracted California public employers.
The California State Social Security Administrator Program administers Section 218 of the Social Security Act, which allows participating California public employers to provide Social Security and Medicare-only coverage to employees.