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 website found at www.calpers .ca.gov. The answers to the questions can be found in CalPERS’s annual report and by using the “about,” “organization,” and “facts at a glance” sections provided on the site.
a. When was CalPERS established?
b. How many employers contribute to CalPERS?
c. How many members are served by CalPERS?
d. What types of programs are administered by CalPERS?
e. For the most recent reporting period, what is the value of total net position as listed in the statement of net position?
f. For the most recent reporting period, what was the total change in pension fund net position as reported in the statement of changes in net position?
g. For the most recent reporting period, what was the funded status of pension programs PERF B and PERF C?