Calpers (Paperback)

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The California Public Employees' Retirement System (CalPERS) is an agency in the California executive branch that "manages pension and health benefits for more than 1.6 million California public employees, retirees, and their families." In fiscal year 2007-2008, $10.88 billion was paid in retirement benefits, and in calendar year 2009 it is estimated that over $5.7 billion will be paid in health benefits. As of December 2008, CalPERS managed the largest public pension fund in the United States with $179.2 billion in assets; however, that represented a 31% decrease from the peak value of its assets of $260.6 billion in October 2007 . CalPERS is known for its shareholder activism; stocks placed on its "Focus List" may perform better than other stocks, which has given rise to the term "CalPERS effect." Outside the U.S., CalPERS has been called "a recognized global leader in the investment industry," "one of America's most powerful shareholder bodies," and "the most important public pension fund in the United States."

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Product Description

The California Public Employees' Retirement System (CalPERS) is an agency in the California executive branch that "manages pension and health benefits for more than 1.6 million California public employees, retirees, and their families." In fiscal year 2007-2008, $10.88 billion was paid in retirement benefits, and in calendar year 2009 it is estimated that over $5.7 billion will be paid in health benefits. As of December 2008, CalPERS managed the largest public pension fund in the United States with $179.2 billion in assets; however, that represented a 31% decrease from the peak value of its assets of $260.6 billion in October 2007 . CalPERS is known for its shareholder activism; stocks placed on its "Focus List" may perform better than other stocks, which has given rise to the term "CalPERS effect." Outside the U.S., CalPERS has been called "a recognized global leader in the investment industry," "one of America's most powerful shareholder bodies," and "the most important public pension fund in the United States."

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Product Details

General

Imprint

Alphascript Publishing

Country of origin

United States

Release date

April 2010

Availability

Supplier out of stock. If you add this item to your wish list we will let you know when it becomes available.

First published

April 2010

Authors

, ,

Dimensions

152 x 229 x 7mm (L x W x T)

Format

Paperback - Trade

Pages

110

ISBN-13

978-6130715298

Barcode

9786130715298

Categories

LSN

6130715293



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