8-12. Research Case-CalPERS. (LO8-5) 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. The largest PERS plan in the nation is operated in the State of California (California Public Employee Retirement System [CalPERS]). Required Page 359 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 sections found under "about" and "organization" on the website. a. When was CalPERS established? b. How many employers contribute to CalPERS? c. How many members are served by CalPERS? d. What are the Perf B and Perf C programs administered by CalPERS? e. For the most recent reporting period, what is the value of total net position as listed in the statement of fiduciary 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 fiduciary net position? g. What was the plan fiduciary net position as a percentage of total pension liability for Perf B and Perf C programs? Interpret what the percentages are telling you about the programs. h. What was the annual money-weighted rate of return net of investment expense for each of the programs?