CalPERS

Posted in Finance, Accounting and Economics Terms, Total Reads: 300
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Definition: CalPERS

The California Public Employees' Retirement System (CalPERS) is an organization which provides benefits such as health insurance, mortgage programs, long-term care insurance, death benefits and retirement related financial benefits.


It has over 1.6 million members and the CalPERS Investments is the US’ largest public pension fund. Given the magnitude of this organization, it exercises a significant power in the companies it invests in.


On an annual basis, a Focus List is released by CalPERS investments containing companies with questionable corporate governance practices and concerning financial performances. The organization works with these companies then, to improve their performance. CalPERS effect is the resulting turnaround for companies on the Focus List.

 

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