California Public Employees Retirement System Basics, by Plan
| Plan | Assets (millions) | Total Members |
|---|---|---|
| California PERF | 464,578.1 | 2,155,896 |
| Other Plans | 2,470.8 | 82,115 |
| Total | 467,048.9 | 2,238,011 |
Source: Public Plans Database (as of 2023)
Note: California Public Employees Retirement System has 3 other plans.
Assets
Assets at Year-End
California Public Employees Retirement System
2001-2023
| Fiscal Year | Net Assets (billions) |
|---|---|
| 2001 | 156.5 |
| 2002 | 143.0 |
| 2003 | 145.0 |
| 2004 | 167.9 |
| 2005 | 190.0 |
| 2006 | 211.6 |
| 2007 | 251.6 |
| 2008 | 238.4 |
| 2009 | 179.7 |
| 2010 | 202.2 |
| 2011 | 242.5 |
| 2012 | 237.8 |
| 2013 | 263.0 |
| 2014 | 303.0 |
| 2015 | 304.0 |
| 2016 | 300.0 |
| 2017 | 328.0 |
| 2018 | 355.7 |
| 2019 | 374.4 |
| 2020 | 394.5 |
| 2021 | 479.9 |
| 2022 | 441.6 |
| 2023 | 467.0 |
Membership
Ratio of Actives to Beneficiaries, 2001-2023
| Fiscal Year | California Public Employees Retirement System | US State and Local Pensions |
|---|---|---|
| 2001 | 2.0 | 2.4 |
| 2002 | 2.1 | 2.3 |
| 2003 | 2.0 | 2.2 |
| 2004 | 1.9 | 2.1 |
| 2005 | 1.9 | 2.1 |
| 2006 | 1.8 | 2.0 |
| 2007 | 1.8 | 2.0 |
| 2008 | 1.8 | 1.9 |
| 2009 | 1.7 | 1.9 |
| 2010 | 1.6 | 1.8 |
| 2011 | 1.5 | 1.7 |
| 2012 | 1.4 | 1.6 |
| 2013 | 1.3 | 1.5 |
| 2014 | 1.0 | 1.4 |
| 2015 | 1.4 | 1.4 |
| 2016 | 1.3 | 1.4 |
| 2017 | 1.3 | 1.4 |
| 2018 | 1.2 | 1.3 |
| 2019 | 1.2 | 1.3 |
| 2020 | 1.2 | 1.3 |
| 2021 | 1.1 | 1.2 |
| 2022 | 1.1 | 1.2 |
| 2023 | 1.2 | 1.2 |
Membership for California Public Employees Retirement System
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Cash Flows
2023 Cash Flows for California Public Employees Retirement System (millions)
| Inflows | Outflows | Investment Gains (losses) | Change in Net Assets |
|---|---|---|---|
| 30,238.9 | 32,247.6 | 27,412.8 | 25,404.0 |
Cash Flow as a Percentage of Assets
California Public Employees Retirement System
2001-2023
| Fiscal Year | California Public Employees Retirement System | National Average |
|---|---|---|
| 2001 | -2.6 | -2.1 |
| 2002 | -2.7 | -2.0 |
| 2003 | -2.4 | -2.5 |
| 2004 | -0.9 | -2.0 |
| 2005 | 0.1 | -2.2 |
| 2006 | -0.2 | -2.2 |
| 2007 | -0.3 | -2.1 |
| 2008 | -0.3 | -2.3 |
| 2009 | -0.9 | -3.1 |
| 2010 | -1.5 | -3.2 |
| 2011 | -1.5 | -3.1 |
| 2012 | -1.9 | -3.3 |
| 2013 | -2.0 | -3.1 |
| 2014 | -1.9 | -2.9 |
| 2015 | -2.0 | -2.8 |
| 2016 | -1.9 | -3.0 |
| 2017 | -1.6 | -2.9 |
| 2018 | 0.2 | -2.6 |
| 2019 | -1.2 | -2.6 |
| 2020 | 0.3 | -2.4 |
| 2021 | -0.7 | -2.1 |
| 2022 | -0.4 | -2.1 |
| 2023 | -0.4 | -2.2 |