CalPERS Legislative District Profile
Assembly District 1
The Honorable Heather Hadwick
CalPERS Constituency Profile
CalPERS constituency profile data is current as of June 30, 2024, unless otherwise noted, and only includes Public Employees' Retirement System and Public Employees' Retirement Fund information.
Pension and Retirement
Statewide
| State | School Districts and Charter Schools | Public Agencies | Total | |
|---|---|---|---|---|
| Employers | 1 | 1,336 | 1,554 | 2,891 |
| Members | 691,344 | 902,699 | 719,873 | 2,313,916 |
Assembly District 1
Employers, Active Members, and Retired Members/Beneficiaries/Survivors1
| Individual State Agencies | School Districts and Charter Schools | Public Agencies | Total | |
|---|---|---|---|---|
| Employers | 19 | 112 | 99 | 230 |
| Active Members | 6,506 | 5,763 | 9,082 | 21,351 |
| Active Members – Average Monthly Salary | $6,256 | $4,270 | $5,860 | $5,438 |
| Retired Members / Beneficiaries / Survivors | 7,871 | 5,403 | 9,851 | 23,126 |
| Beneficiaries / Survivors - Average Monthly Benefits | $3,470 | $1,396 | $2,913 | $2,623 |
Health Plan Subscribers and Premiums1
| Subscribers | Monthly Premiums | |
|---|---|---|
| Active Subscribers | 9,322 | $16,288,463 |
| Retired Subscribers | 10,024 | $9,377,273 |
California Employers' Retirement Benefit Trust (CERBT)1
The CERBT Fund is a Section 115 trust fund dedicated to prefunding Other Post-Employment Benefits (OPEB), such as retiree health, vision, dental, and life insurance benefits. By joining this trust fund, California public agencies can help finance future costs in large part from investment earnings provided by CalPERS.
| Participating Agencies | Assets Under Management | |
|---|---|---|
| Statewide | 592 | $20,979,395,306 |
| District 1 | 39 | $182,940,578 |
District-specific data in this section does not include the State of California as a participating agency. The State of California assets are only accounted for in the “Statewide” row.
CalPERS Investments Impact
CalPERS investments in California strengthen the state's fiscal structure and tax base.
Major CalPERS Real Estate Assets 2
| Property Type | Location | Value |
|---|---|---|
| No major real estate holdings found for this district | ||
CalPERS Investments by Asset Class in California 2
| Asset Class | Total Portfolio Value (in billions) | Dollars Invested in California (in billions) | Percentage of Dollars Invested in California |
|---|---|---|---|
| Public Equity | $200.9 | $29.9 | 14.9% |
| Fixed Income | $123.7 | $6.3 | 5.1% |
| Private Equity | $60.2 | $3.1 | 5.1% |
| Real Assets | $68.8 | $20.0 | 29.1% |
| Private Debt | $10.9 | $1.5 | 13.8% |
| Short-Term Investments | $1.5 | N/A | N/A |
| Total | $465.9 | $60.8 | 13.1% |
- District-specific data is compiled by ZIP Code. Some ZIP Codes span multiple districts, which may cause slight variances in the data. CalPERS makes every effort to ensure that all other aspects of this database contain the most accurate information possible.
- Public Equity, Fixed Income, and Short-Term Investments are as of June 30, 2023. Real Assets, Private Equity, and Private Debt investments are as of March 31, 2023. Short-term investments consist of U.S. Treasury and government-sponsored securities, money market funds, commercial paper, certificates of deposit, repurchase agreements, asset-backed securities, notes, bonds issued by U.S. corporations, and other allowable instruments that meet short-term maturity or average life, diversification, and credit quality restrictions. Please reference CalPERS for CalPERS for California 2023 for data and methodology details.