year with no unfunded liabilities was FY 2007. Criticisms CalPERS has received criticism for the number of retirees (26,000 in 2018) who collect over $100,000 a year in pension. That group of people, while less than 4 percent of the total number of retirees receiving benefits from CalPERS, collect 17 percent of the total yearly pension payouts. See also California State Teachers' Retirement System (CalSTRS) References Further reading Great Speeches and Interviews: CalPERS urged to divest from KBR. Sacramento, California, June 19, 2008. Greider, William. The new Colossus. The Nation, February 10, 2005. External links Board of Administration of Public Employees' Retirement System in the California Code of Regulations CalPERS Shareowner Forum CalPERS Investor Profile SWFI State agencies of California Public pension funds in the United States Government agencies established in 1932