CALPERS, or the California Public Employees' Retirement System, is a term commonly used to describe the pension fund for public sector employees in California. While there are no direct synonyms for CALPERS, other terms may be used to reference the same concept, such as pension fund, retirement fund, and public employee pension plan. Additionally, other similar organizations may be referenced when discussing CALPERS, such as the New York State Common Retirement Fund or the Texas Teacher Retirement System. These various terms all refer to retirement funds managed by public entities.