CalPERS is about people. It is about the dedicated individuals who serve, or have served, California at the state, regional, and local level through a career in public service. For more than eight decades, CalPERS has built retirement and health security for these public servants. As the nation’s largest public pension fund, our Mission & Vision ensure that our members' benefits and earned retirements are as enduring as the state they maintain.
To support our members, we also invest in the health and infrastructure of the Golden State itself – building portfolios that bolster local business and funding enterprises that directly influence and stimulate our economy. We have an unwavering commitment to financial security in retirement. The long-term nature of our benefits reflects our long-term investing horizon and our commitment to generations of public employees.
Our pension fund serves more than 1.9 million members in the CalPERS retirement system and administers benefits for 1.5 million members and their families in our health program.
We Are Proud to Serve Those Who Serve California
In 1932, the nation was in the grips of the Great Depression, Franklin Roosevelt was elected to the first of his four terms as President of the United States, Babe Ruth roamed the outfield for the world champion New York Yankees, and a retirement system for state employees was established in California. The retirement system grew into what is now the California Public Employees' Retirement System, or CalPERS.
- 1932 – CalPERS was established as the "State Employees' Retirement System" (SERS).
- 1939 – The State Legislature passed a bill that allowed counties, cities, and school districts to participate in SERS.
- 1962 – Health insurance began for SERS members with the passage of a law that was later amended to become the "Public Employees' Medical and Hospital Care Act."
- 1986 – The headquarters building now called "Lincoln Plaza North" was completed in Sacramento.
- 1992 – To avoid confusion with retirement systems in other states, the organization's name was changed to "California Public Employees' Retirement System" (CalPERS).
- 2005 – CalPERS expanded its headquarters to include the Lincoln Plaza East and West buildings, which achieved a Gold LEED rating.
- 2011 – Launched the myCalPERS website, which consolidated 109 systems into one information system
- 2013 – CalPERS Board adopted set of Investment Beliefs to help guide investment strategy.
- 2014 – CalPERS surpassed $300 billion in total fund market value.
- 2014 – CalPERS Board adopted set of Pension Beliefs to guide pension fund practices and decisions.
- 2015 – Launched new and improved, user-centric CalPERS website
The CalPERS Headquarters is also home to the Sacramento Regional Office. The headquarters complex includes four buildings: Lincoln Plaza North, Lincoln Plaza East, Lincoln Plaza West, and Lincoln Plaza South. Visit Headquarters & Regional Offices for more information, including a map, building guide, and parking details.
The designs of Lincoln Plaza buildings feature an innovative blend of architecture and landscaping.
CalPERS Goes Green
We take sustainability seriously at CalPERS. It's woven into the fabric of everything we do, whether it's in our business practices or in our investment strategy.
CalPERS considers the entire fund when it comes to sustainable investments. To help guide all our investment decisions, we developed a set of 10 Investment Beliefs.
Notable beliefs state that:
- A long time investment horizon is a responsibility and an advantage
- Liabilities must influence the asset structure
- Long-term value creation requires effective management of three forms of capital: financial, physical and human
The Investment Beliefs are not a checklist to be applied to every decision, but intended to provide a basis for strategic management of the investment portfolio, and to inform organizational priorities. The Investment Beliefs, Pension Beliefs, and Core Values are outlined in CalPERS Beliefs.
Learn more about our commitment to Sustainable Investment Programs.
CalPERS has committed to being a leader in sustainable business operations. Among our Green Building Accomplishments and Initiatives are the following:
- A new landscaping design will include native and drought tolerant plants and the use of sustainable materials such as recycled glass for a walking path.
- CalPERS' campus buildings have been designated high-performance green buildings by the U.S. Green Building Council and Green Building Certification Institute. We've received the Leadership in Energy and Environmental Design (LEED) Platinum and Gold certifications.
- CalPERS partnered with Greenwise and Atlas Waste in 2014 to implement a food waste diversion program, collecting organic waste from eateries on the campus to convert to an alternative fuel product for the city of Sacramento. CalPERS diverted more than 26 tons of food waste from landfills as of December 2014.
- In the area of water conservation, we instituted measures that reduced our water usage in 2014 by 30 percent compared to 2013, which is ahead of the recently announced 2015 requirement for a 25 percent reduction. That translated to more than nine million gallons of water saved.
- We have also reduced its energy usage per square foot by 35 percent since 2003, even though its square footage grew by 65 percent during that same period.
- We have 20 electrical vehicle charging stations in our parking garages on R Street and in our Lincoln Plaza buildings.