Transparency & Accountability

To ensure our business is conducted in an open, transparent, and impartial way, California Public Employees' Retirement System (CalPERS) provides information related to economic interests, travel, and education for board members and key staff.

On this page:

• Statement of Economic Interest – Form 700
• Board Member Employer Reimbursement
• Travel Information & Costs
• Payment to Agency Report – Form 801
• Board Education Program – Education Activity Reporting
• CalPERS Employee Compensation

California Public Employees’ Retirement Law (PERL) Government Code 20092 allows the reimbursement of elected board members' salaries and benefits paid based on the board approved percentage. The costs associated with employer reimbursements are based on the percentage of time the elected board member spends on his or her duties as a member of the CalPERS Board of Administration. The percentage is based on the elected board member’s time away from their regular work schedule to fulfill his or her responsibilities to the system. A summary of employer reimbursed salary and benefits for board members, as requested by the employer, for fiscal year 2020-21 is available in the April Finance and Administration Committee’s Agenda Item 5b (PDF).

In accordance with Government Code section 20093, the members of the board shall serve without compensation, but shall be reimbursed for actual and necessary expenses incurred through service on the board.

The Fair Political Practices Commission (FPPC) adopted and amended regulations addressing payments made to an agency for use by agency officials and reporting requirements related to travel payments. To comply with the regulations, CalPERS posts FPPC - Form 801 on a quarterly basis if the aggregated travel payment received by CalPERS is $2,500 or more within the quarter.

Reported travel information includes:

• Date travel occurred and an itemized breakdown of the amount paid for transportation, lodging, and food
• Location of travel
• Name and address of donor (If the donor is not an individual, the report must also describe the business activity or the nature and interests of the donor. If the donor raised funds from another person for the specific purpose of making the payment to the agency, the report must contain the name of each person and the amount given by each person.)
• Name of transportation provider, type of transportation, and name of business where lodging was provided
• Purpose of travel, department and position (or title) of the official who used the payment, and name of any elected or appointed official who uses the payment

Government Code section 20100 (PDF) and the related CalPERS Board Member Education Policy (PDF) require each CalPERS Board of Administration member and designee to receive a minimum of 24 hours of board member education within the first two years of assuming office, and for every subsequent two-year period in which the person serves on the board. To comply with the government code, CalPERS posts educational activity reports online, annually.

A report is posted for each board member and includes:

• Educational activities attended or viewed
• The two-year period being reported
• The date through which information is included

At minimum, reports are posted every March and include information as of the most recent December 31. For board members or designees whose two-year period ends on a date other than December 31, an updated report is posted at the conclusion of their respective period.

This schedule contains a list of workshops offered by CalPERS which board members and designees had the option to attend to count toward the required hours of education. Links to view the taped sessions are included.

• 2017 Program Schedule (PDF)
• 2016 Program Schedule (PDF)
• 2015 Program Schedule (PDF)

The table below lists the ten highest-compensated CalPERS employees. The CalPERS Compensation Policy for Executive and Investment Management Positions (PDF) provides details on our incentive compensation.

^* Retired - Last physical day was July 31, 2024