ACCT 567 Week 5 Homework Case study

17 funds are administered by CalPERS.  Nine of these funds are pension trust funds. These funds include four contribution plans and five benefit plans.  There are also three agency funds which include a contingency reserve fund for health care payments and remittances, an old age surviving fund, and a special deposits fund for earmarked funds.  Four proprietary funds are also administered by CalPERS.  These four funds include two health care funds, one long-term care fund, and one deferred compensation fund.  In addition to those funds, there is also one OPEB fund (Other Post-Employment Benefits).

“CalPERSis primarily responsible for administering retirement and health benefits. CalPERS also administers long-term care benefits, a post-employment benefit fund for retiree health and supplemental retirement savings plans.  CalPERS comprises a total of 17 funds, including the Public Employees’ Retirement Fund (PERF), Legislators’ Retirement Fund (LRF), Judges’ Retirement Fund (JRF), Judges’ Retirement Fund II (JRF II), State Peace Officers’ and Firefighters’ Defined Contribution Plan Fund (SPOFF), Public Agency Deferred Compensation Plan (IRC 457), Supplemental Contributions Program Fund (SCPF), California Employers’ Retirement Benefit Trust Fund (CERBTF), Public Employees’ Health Care Fund (HCF), Public Employees’ Contingency Reserve Fund (CRF), Public Employees’ Long-Term Care Fund (LTCF) and Replacement Benefit Fund (RBF
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