2019-20 Comprehensive Annual Financial Report Fiscal …

2019-20

Comprehensive Annual Financial Report

Fiscal Year Ended June 30, 2020

Focused On Our Mission

California Public Employees' Retirement System A Component Unit of the State of California

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COMPREHENSIVE ANNUAL FINANCIAL REPORT Fiscal Year Ended June 30, 2020

Prepared through the joint efforts of CalPERS team members. Available online at calpers.

California Public Employees' Retirement System A Component Unit of the State of California

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2019-20 IN NUMBERS

"Despite the unprecedented economic challenges

due to COVID-19, we had many accomplishments

this past fiscal year and ended on a strong note."

Marcie Frost, CalPERS CEO

Where We Stand

$392.5 billion

Net position (PERF)

4.7%

Net rate of return (PERF)

2 million+

members

2,890

Contracted employers

1.5 million

Total covered lives (health)

70.2%

Funded as of June 30, 2019 (PERF)

732,000+

Retirees & beneficiaries

$25.8 billion

Annual pension benefit payments (PERF)

70.6%

Estimated Funded June 30, 2020 (PERF)

$43.6 billion

Invested in California based companies & projects

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