Fiscal Services Division
The Fiscal Services Division manages and directs the accounting activities for all funds and programs administered by CalPERS. The division coordinates the funding for the administration of all CalPERS programs and provides support for management systems to assist CalPERS in improving operational efficiency and effectiveness.
The accounting services section maintains the various accounts required to conduct the financial operations of CalPERS, Legislators’, Judges’, Judges’ II, Contingency Reserve, Health Care, and Social Security Funds. They maintain records of all income, disbursements, and transfers for the funds’ accounts and all cash receipts and disbursements for various investments and benefit payments. They also initiate payments of contracting public agency premiums to health plans.
The budget management section coordinates, develops, and monitors the annual operating budget for CalPERS and gathers workload information for management.