About the Board
The board of administration is responsible for the management and control of CalPERS. The board has exclusive control of the administration and investment of funds, including and not limited to:
- Public Employees' Retirement Fund (PERF)
- California Employers' Pension Prefunding Trust Fund (CEPPT)
- California Employers' Retiree Benefit Trust Fund (CERBT)
- Judges' Retirement Fund (JRF)
- Judges' Retirement Fund II (JRF II)
- Legislators' Retirement Fund (LRF)
- Public Employees' Deferred Compensation Fund (DCF)
- Public Employees' Health Care Fund (HCF)
- Public Employees' Long-Term Care Fund (LTC)
- Supplemental Contributions Fund (SCF)
The board administers the Public Employees' Medical and Hospital Care Act and the state's contract with the federal government for Social Security.
