Definition:
CalPERS is the California Public Employees’ Retirement System. The 4th largest pension fund in the world, and the largest in the U.S., CalPERS has long been a highly influential leader among institutional investors.
As of August 2009, CalPERS reported:
- $190 billion in assets
- 2,000 employees
- 1.6 million benficiaries
Also Known As: California Public Employees’ Retirement SystemAlternate Spellings: CALPERS, CalpersExamples: CalPERS is the 4th largest pension fund in the world, the largest in the U.S., and a recognized leader among institutional investors.