7900 Public Employees' Retirement System
6420 - INVESTMENT OPERATIONS
Through this program, CalPERS invests funds in various investment categories (stocks, bonds, real estate, etc.) for the purpose of minimizing the employers' contributions to the system needed to provide benefits to active participants, retired members, and their beneficiaries. Since CalPERS was established in 1932, assets have grown from $800,000 to a total of $301.5 billion, as of June 30, 2014.