Research Case—CalPERS. While the examples in this chapter have focused on a single-employer plan, many states operate statewide plans, referred to as Public Employee Retirement Systems (PERS), to which multiple employers contribute. One of the largest PERS plans in the nation is operated in the State of California.

Required

To answer the following questions use the Web site found at www.calpers.ca.gov. The answers to the questions can be found in CalPERS's annual report or in the general information section provided on the site.

a) When was CalPERS established?

b) What types of employers contribute to CalPERS?

c) How many individuals are served by CalPERS?

d) How many and what types of funds are administered by CalPERS?

e) For the most recent reporting period, what is the value of total net position?

f) For the most recent reporting period, what was the change in pension fund net position?

g) What is the reporting relationship between CalPERS and the State of California?