California's health care purchaser expects to save $600 million over the five-year contract with CVS Caremark.

The largest public pension plan in the US is committed to private equity, according to its chief executive officer, Marcie ...

CalPERS members will see higher health premiums in 2026, with PPO plans seeing the steepest hikes. Stock market surge propels ...

The contract, though sizable, is likely immaterial to CVS’ earnings. But it moves the company in a positive direction as it ...

California’s largest pension system reported annual returns that were 1.7% higher than the fund’s benchmark in the last 12 months.

CalPERS is evaluating its long-term situation even as it enjoys a short-term bounty from a booming stock market. At the end of March, the system’s year-to-date investment return stood at 15%.

CalPERS posts a 20-year compound average annual return of 6.2%. $100 invested with CalPERS 20 years ago would have added $233 in value. By comparison, Buffett would have added $637, nearly three ...

The largest U.S. public pension fund plans to ask Exxon Mobil to drop a lawsuit against investors that filed a shareholder resolution asking the U.S. oil major to curb greenhouse gas emissions faster.

Calpers, the nation’s largest public pension, recently unloaded about $6 billion of its stakes in private equity funds to second-hand buyers reportedly at a roughly 10 percent discount to their ...

CalPERS serves 1.9 million workers in its pension system and provides health coverage to 1.4 million workers and their families. The system long has been known as a bellwether and standard-setter ...

CalPERS, like most public pension funds in the country, does face a tricky math problem: The board expects the fund’s investments to grow at an average rate of 7% each year.

CalPERS covers 1.7 million employees and retirees of the state government as well as those of cities and other agencies across California. Nation, a former Democratic state legislator, praised ...