Calpers Names Marcie Frost CEO. “The nation’s largest pension system, CalPERS manages a pension fund of $301 billion. The Sacramento-based system has 2,870 employees and a budget of $1.7 billion to serve 1.7 million members in its retirement system.” Read more: http://www.bizjournals.com/sacramento/news/2016/07/15/calpers-hires-washington-state-pension-executive.html