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 the Retirement Fund, which includes the:
- California Employers' Retiree Benefit Trust
- Judges' Retirement System
- Judges' Retirement System II
- 457 Deferred Compensation Program
- Long-Term Care Program
The Board administers the Public Employees' Medical and Hospital Care Act and the state's contract with the federal government for Social Security.