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CalPERS manages the largest public pension fund in the United States, with more than $469 billion in assets under management as of June 30, 2021. [7] 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". [8]
Public Employees' Retirement System (CalPERS) California Department of Tax and Fee Administration (CDTFA) State Teachers' Retirement System (CalSTRS) Department of Technology (OCIO) Victim Compensation Board (CalVCB) Also under the CalGovOps’ purview is the DMV Reinvention Strike Team, established by Governor Gavin Newsom on January 9, 2019.
CalPERS also is applying the new definition of limited duration to out-of-class assignments, in which employees temporarily fill higher-paid roles and may receive larger pensions as a result.
State employee retirements peaked in 2020, when 12,500 state workers applied for retirement status with CalPERS. The trend also extends to public agency and classified school employees, who each ...
CalPERS then transferred the property to a Los Angeles-based developer, CIM Group, and developed several plans for the site including a 33-story, $550 million tower that would have been the city ...
The board sets and enforces rules for state civil service appointments and exams, and maintains a staff of administrative law judges to resolve various human resources issues, such as whistleblower complaints, disability and medical condition discrimination complaints including reasonable accommodation denials and appeals from unfavorable human resources decisions (e.g. reprimand, salary ...
The California Department of Human Resources (CalHR) is the California government agency responsible for human resource management of state employees, including issues related to salaries and benefits, job classifications, training, and recruitment.
CalPERS is the largest public pension system in the U.S., providing pensions for about 2.1 million state and local government employees, retirees and beneficiaries. The system’s investment ...