The California Public Employees Retirement System (CalPERS) has inked a five-year contract with CVS Caremark as its pharmacy benefits manager, the organization announced Tuesday. CVS is replacing ...

CalPERS, the largest US pension fund, has lost around $64 million on an investment in Michael Saylor’s Bitcoin treasury firm Strategy.

Every four years, California's largest public pension fund undertakes a reevaluation process to balance its anticipated investment returns with the expected cost of benefits paid to retirees. This ...

California start-ups may soon strike it rich. Pension-fund giant CalPERS announced on Monday it selected 11 venture and private equity firms to invest $475 million into California start-ups and ...

OAKLAND, California (Reuters) - The chief executive officer of the California Public Employees' Retirement System (Calpers), the biggest U.S. pension fund, said on Monday he would retire, days after ...