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California Public Employees Retire-ment System

California Public Employees Retire-ment System definition - finance
The United StatesÂ’ largest public pension fund; it manages assets of $128 billion. It provides retirement and health benefits to nearly 1.4 million state and local public employees and their families. It also has become a major voice in corporate governance issues.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

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