Question

California Public Employees’ Retirement System (CalPERS) manages pension and health benefits of California public employees and retirees. CalPERS collects money from its participants and creates a pool of assets. It manages these assets by making investments across domestic and international markets.

Answer 1

Indirect Transfers through Financial Intermediaries

Step-by-step explanation:

For the given scenario, the main function of the CaIPERS is to manage and conduct the transfer of money indirectly through the intermediaries of different financial bodies. The system was established to ensure transparency and prevent the delay of money transfer to the different financial bodies. The system also manages domestic and international investments.