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CalSTRS was established by law in 1913 and is part of the State of California's Government Operations Agency. As of September 2020, CalSTRS is the largest teachers' retirement fund in the United States. CalSTRS is also currently the eleventh largest public pension fund in the world. [2]
The California Employers’ Retiree Benefit Trust Fund was established by CalPERS in March 2007 to provide California public agencies with a cost-efficient, professionally managed investment vehicle for prefunding other post-employment benefits (OPEB) such as retiree health benefits. Prefunding reduces an agency's long-term OPEB liability.
The San Francisco Region of Social Security serves a vast territory stretching across six time zones that in addition to California includes Arizona, Nevada, Hawaii, Guam, American Samoa and the ...
However, the state treasurer does not direct the investment of pension funds. Public pensions in California are instead invested by the respective boards of trustees of the California Public Employees' Retirement System and the California State Teachers' Retirement System. Nevertheless, the state treasurer is an ex officio member of these boards.
The Los Angeles County Employees Retirement Association (LACERA) is an independent Los Angeles County agency that administers and manages the retirement fund for the County and outside Districts (Little Lake Cemetery District, Local Agency Formation Commission for the County of Los Angeles, Los Angeles County Office of Education, and South Coast Air Quality Management District). [3]
Public Employees Retirement System, California (CalPERS) Public Employment Relations Board, California (PERB) Public Health, California Department of (CDPH) Public Utilities Commission, California (CPUC) Racial Equity Commission, California (REC) https://racialequity.opr.ca.gov/ Real Estate Appraisers, Bureau of (OREA) Real Estate, Department ...
The San Diego City Employees' Retirement System had been underfunded in some form for more than a decade. [2] In 2001, as a result of years of sharp increases in pension benefits combined with decreases in pension funding [3] and a decrease in the value of investments, [4] the fund fell below certain funding targets.
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