Legislation
CalPERS monitors legislation at the state and federal levels to protect the best interests of our members and employers.
Current Legislation
View information on state and federal legislation CalPERS is currently monitoring.
Legislative District Profile
CalPERS Legislative District Profile provides a statistical overview of our retirement and health care programs, along with a sample summary of statewide economic and investment impacts of CalPERS retirement benefit payments and investments in California legislative districts.
Legislative Reports
View legislative reports submitted to the governor, Legislature, and other stakeholders, as required by law. To request a hard copy, contact (916) 795-3689.
Annual reports from our 2012 Emerging Manager Five-Year Plan (PDF) are available in the tabs below. It details our efforts in emerging, transition, and diverse manager investing.
2018
Actuarial
- 1959 Survivor Benefit Program Actuarial Valuation Report (PDF)
- Judges' Retirement System Actuarial Valuation Report (PDF, 1 MB)
- Judges' Retirement System II Actuarial Valuation Report (PDF)
- Legislators' Retirement System Actuarial Valuation Report (PDF, 1.8 MB)
- Schools Actuarial Valuation Report (PDF)
- State Actuarial Valuation Report (PDF, 2.55 MB)
Finance
- 2017 Investment Advisor Report (PDF)
- CalPERS Health Benefits Program Administrative Expenses Consolidation (PDF, 2.57 MB)
- Comprehensive Annual Financial Report (PDF, 8.48 MB)
Health
Investment
- 2016-17 Annual Investment Report (PDF, 9.24 MB)
- Assembly Bill 20 Legislative Report (PDF, 5.41 MB)
- CalPERS Northern Ireland Portfolio Screening Report (PDF)
- Emerging Manager Five-Year Plan: Year Five Annual Report (PDF)
- Publicly Traded Companies that Benefited from Forced or Slave Labor, 1929-1945 (PDF, 1.10 MB)
- Trust Level Review Reports
- Trust Level Review, February 2018 (PDF, 1.03 MB)
- Risk Management Summary, February 2018 (PDF, 1.76 MB)
- Affiliate Investment Program Summary, February 2018 (PDF)
- CIO Performance Report, February 2018 (PDF, 1.29 MB)
- Trust Level Review, August 2018 (PDF, 1.05 MB)
- Risk Management Summary, August 2018 (PDF, 1.67 MB)
- Performance & Risk (replaced Affiliate Investment Program Summary), August 2018 (PDF, 1.09 MB)
- CIO Performance Report, August 2018 (PDF, 1.59 MB)
- Global Investment Performance Standards Compliant Presentations, August 2018 (PDF)
2017
Actuarial
- 1959 Survivor Benefit Program Actuarial Valuation Report (PDF)
- Judges' Retirement System Actuarial Valuation Report (PDF)
- Judges' Retirement System II Actuarial Valuation Report (PDF)
- Legislators' Retirement System Actuarial Valuation Report (PDF)
- Schools Actuarial Valuation Report (PDF, 1.35 MB)
- State Actuarial Valuation Report (PDF, 2.84 MB)
Finance
Health
Investment
- 2015-16 Annual Investment Report (PDF, 3.13 MB)
- 2016 Investment Advisor Report (PDF)
- 2017 California Divest from Iran Act and Sudan Act Legislative Report (PDF)
- CalPERS Northern Ireland Portfolio Screening Report (PDF)
- Emerging Manager Five-Year Plan: Year Four Annual Report (PDF)
- Public Divestiture of Thermal Coal Companies Act Report (PDF, 2.01 MB)
- Publicly Traded Companies that Benefited from Forced or Slave Labor, 1929-1945 (PDF)
- Trust Level Review Reports
- Trust Level Review, February 2017 (PDF, 1.20 MB)
- Trust Level Review, August 2017 (PDF, 1.33 MB)
- CIO Performance Report, February 2017 (PDF, 1.07 MB)
- CIO Performance Report, August 2017 (PDF)
- Risk Management Summary, February 2017 (PDF, 1.41 MB)
- Risk Management Summary, August 2017 (PDF)
- Affiliate Investment Program Summary, February 2017 (PDF)
- Affiliate Investment Program Summary, August 2017 (PDF)
2016
Actuarial
- 1959 Survivor Benefit Program Actuarial Report (PDF)
- Judges' Retirement System Actuarial Valuation Report (PDF)
- Judges' Retirement System II Actuarial Valuation Report (PDF)
- Legislators' Retirement System Actuarial Valuation Report (PDF)
- Schools Actuarial Valuation Report (PDF)
- State Actuarial Valuation Report (PDF)
Finance
Health
- Health Benefits Program Annual Report (PDF, 1.85 MB)
- Report on the Risk Adjustment Program Plan Years 2014-2017 (PDF)
Investment
- 2014-15 Annual Investment Report (PDF, 3.13 MB)
- 2015 Investment Advisor Report (PDF)
- CalPERS Northern Ireland Portfolio Screening Report (PDF)
- CIO Performance Report (PDF, 1.79 MB)
- CIO Total Fund Performance & Risk Report (PDF, 1.31 MB)
- Consolidated Legislative Reports (PDF)
- California Public Divest from Iran Act
- California Public Divest from Sudan Act
- Emerging Manager Five Year Plan, Pathway to the Future, Year Three Annual Report (PDF)
- Publicly Traded Companies that Benefited from Forced or Slave Labor, 1929-1945 (PDF)
- Trust Level Review (PDF, 1.87 MB)
- Trust Level Review - State of the Economy (PDF)
- Trust Level Review - Trust Summary: Public Employees' Retirement Fund (PERF) (PDF)
2015
Actuarial
- 1959 Survivor Benefit Program Actuarial Report (PDF)
- Judges' Retirement System Actuarial Valuation Report (PDF)
- Judges' Retirement System II Actuarial Valuation Report (PDF)
- Legislators' Retirement System Actuarial Valuation Report (PDF)
- Schools Actuarial Valuation Report (PDF)
- State Actuarial Valuation Report (PDF)
Finance
Health
Investment
- 2013-14 Annual Investment Report (PDF, 3.13 MB)
- 2014 Investment Advisor Report (PDF)
- California Public Divest from Iran Act Annual Legislative Report (PDF)
- California Public Divest from Sudan Act Annual Legislative Report (PDF)
- CalPERS Northern Ireland Portfolio Screening Report (PDF)
- Emerging Manager Five Year Plan, Pathway to the Future, Year Two Annual Report (PDF)
- Publicly Traded Companies that Benefited from Forced or Slave Labor, 1929-1945 (PDF)
2014
Actuarial
- 1959 Survivor Benefit Program Actuarial Report (PDF)
- Judges' Retirement System Actuarial Valuation Report (PDF)
- Judges' Retirement System II Actuarial Valuation Report (PDF)
- Legislators' Retirement System Actuarial Valuation Report (PDF)
- Schools Actuarial Valuation Report (PDF)
- State Actuarial Valuation Report (PDF)
Finance
Health
Investment
- 2012-13 Annual Investment Report (PDF, 3.13 MB)
- 2013 Investment Advisor Report (PDF)
- CalPERS Northern Ireland Portfolio Screening Report (PDF)
- California Public Divest from Iran Act Annual Legislative Report (PDF)
- California Public Divest from Sudan Act Annual Legislative Report (PDF)
- Emerging Manager Five Year Plan, Pathway to the Future, Year One Annual Report (PDF)
- Publicly Traded Companies that Benefited from Forced or Slave Labor, 1929-1945 (PDF)