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2015-16 Comprehensive Annual Financial Report …

A Component Unit of the State of California 2015-16 Comprehensive Annual Financial Report Fiscal Year Ended June 30, 2016 California Public Employees Retirement System Focused on the FutureThis page intentionally left Annual Financial Report Fiscal Year Ended June 30, 2016 Prepared through the joint efforts of calpers ' staff. Available online at California Public Employees' Retirement System A Component Unit of the State of CaliforniaThis page intentionally left Section 1 Professional Awards 2 Interim Chief Executive Officer s Letter of Transmittal 3 About calpers 7 Board of Administration 10 Organizational Chart Executive Staff 12 Consultant & Professional Services 13 Financial Section 15 Independent Auditor s Report 16 Management s Discussion & Analysis (MD&A) 19 Financial Section: Basic Financial Statements 35 Statement of Fiduciary Net Position Fi

COMPREHENSIVE ANNUAL FINANCIAL REPORT Fiscal Year Ended June 30, 2016 Prepared through the joint efforts of CalPERS' staff. Available online at www.calpers.ca.gov

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