CalPERS Reviews | Glassdoor

CalPERS Reviews

Updated October 6, 2017
54 reviews

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3.7
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CalPERS Interim CEO Douglas Hoffner
Douglas Hoffner
5 Ratings

54 Employee Reviews

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  1. "Accountant Trainee"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at CalPERS full-time (More than 3 years)

    Pros

    Laid back work environment, friendly people

    Cons

    Not a lot of room for promotion


  2. "State of CA"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at CalPERS full-time

    Pros

    Benefits, work environment, and people.

    Cons

    None at this time to mention

    Advice to Management

    None

  3. Helpful (2)

    "Good on its face, but beauty is skin deep."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Research Analyst in Sacramento, CA
    Former Employee - Research Analyst in Sacramento, CA
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I worked at CalPERS full-time (More than a year)

    Pros

    Nice facilities, pension, health coverage

    Cons

    Tuition reimbursement is a lie.

    Advice to Management

    CalPERS offers a number of programs to its employees, ostensibly. Many are programs offered because it is a state department and they were negotiated by the union. However, CalPERS employees tend to have an ambivalent or worse attitude toward the union. Consequently, managers are able to get away with not offering employees the rights they are actually entitled to. This is not a good way to attract talent when you're competing with the public sector. Their tuition reimbursement program is a lie. They say they will reimburse you for tuition related to your position or career, up to 50%, but I tried to get this for over a year while I was working full time and getting my MS part time and was just strung along. So if the tuition reimbursement in any way is attracting you to CalPERS, DON'T BELIEVE IT. Also, CalPERS has an informal mentoring program, which is designed to connect employees at all levels of the organization. Ostensibly, even the CEO is open to setting up a meeting with a lowly analyst (or at least the former CEO was). However, make sure your manager is very secure with him/herself before you decide to set up a meeting with senior leadership or prepare to be condescended to! (even if the executive is totally cool with it) Also, the organization has adopted a "no growth" hiring strategy, so don't expect to get promoted. Also employee contributions to retiree health insurance are being phased in over the next four years, while contribution to your pension will be going up if you are a new employee (2013 or later) from an already high 8%. It is still a pension, so that's good.


  4. "Associate Accounting Analyst"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at CalPERS full-time (Less than a year)

    Pros

    Great people who are very helpful in acclimating you to the differences of working for the state. Very respected state agency, people aim to work here.

    Cons

    No formal training in the unit I joined.


  5. Helpful (2)

    "Think about before joining a government agency"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Investment Officer I in Sacramento, CA
    Current Employee - Investment Officer I in Sacramento, CA
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

    I have been working at CalPERS full-time (More than 3 years)

    Pros

    CA State agencies have great work/life balance, and great job security

    Cons

    Lack of motivation among almost every employee, many are here just for the long term benefits of a pension. Bureaucracy runs wild here among managers and staff without a real clear vision except for at the executive level. Pay is below investment industry average. No real ambition among peers and the Investment Office is still pretty "siloed". If you want a challenge, go work in the private sector.


  6. "Data architect"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Data Architect in Sacramento, CA
    Former Employee - Data Architect in Sacramento, CA
    Recommends
    Positive Outlook
    No opinion of CEO

    I worked at CalPERS full-time (More than a year)

    Pros

    Good environment for employee morale

    Cons

    Lots of management too top heavy

    Advice to Management

    Streamline the process to enable employee making decisions


  7. "Good Benefits but slow"

    StarStarStarStarStar
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at CalPERS full-time

    Pros

    Great benefits, work-life balance, great core values.

    Cons

    Slow to promote and acknowledge employees based on merit. Tenure is more important to management.

  8. "CalPERS as a place of work"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Sacramento, CA
    Current Employee - Anonymous Employee in Sacramento, CA
    Recommends
    Neutral Outlook
    Approves of CEO

    Pros

    Great Amenities: On site gym, cafeteria, coffee shops, sundry shop
    Emphasis on Work-Life Balance
    Flexible work schedules

    Cons

    Slow moving on decisions. A lot of employees are near retiring age, so the workforce is overall older and less accepting to change


  9. "Nice working env"

    StarStarStarStarStar
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at CalPERS full-time (More than 5 years)

    Pros

    Work life balance ok benefits

    Cons

    Still working on it now


  10. "Investment Officer"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Investment Officer in Sacramento, CA
    Former Employee - Investment Officer in Sacramento, CA
    Recommends
    Neutral Outlook
    No opinion of CEO

    I worked at CalPERS full-time (More than 3 years)

    Pros

    Investment office is filled with smart investment professionals to learn from and network with. Access to professional investment tools and platforms. Great place to get your foot in the door in the investment industry.

    Cons

    Pay at the junior levels is sub-par, and promotional opportunities are more tenure and luck-based (right time, right place) than merit-based. Not much effort to retain or groom junior staff. Overall a very overstaffed and bloated structure due to being a state agency.

    Advice to Management

    Given the difficulties of trimming staff in a state agency, more effort should be placed to advance star employees to retain quality staff at the higher levels.


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