Attorney III

The California Public Employees’ Retirement System (CalPERS) is the nation’s largest public pension fund, providing retirement and health benefits to public employees, retirees, and their families. Headquartered in downtown Sacramento, we are a destination employer with an international reputation for leadership and innovation. At CalPERS, we’re committed to people – the people we serve, our team members, and the larger community around us. CalPERS is situated near the Napa Valley, San Francisco, Lake Tahoe, and other desirable destinations, and we offer competitive benefit packages, compensation, and opportunities for advancement.

A Statement of Qualifications (SOQ) is required for this position. Applications received without the SOQ will not be considered. Please scroll down to special requirements to see details.

Anticipated Interview Dates: In person interviews are anticipated to be held the week of November 03, 2025.

Telework Information: This position is eligible for hybrid work schedule, with up to two days of remote work and three days or more onsite, per week.

Sponsorship
This position is not eligible for visa sponsorship. Applicants must be authorized to work in the United States without the need for visa sponsorship. CalPERS does not participate in E-Verify for employment authorization purposes.

Effective July 1, 2025, The California Department of Human Resources (CalHR) implemented the Personal Leave Program 2025 (PLP 2025). PLP 2025 directs that each employee shall receive a 3 percent reduction in pay in exchange for 5 hours PLP 2025 leave credits, monthly. The salary range(s) included in the job advertisement do not reflect the 3 percent reduction in pay.

The Legal Office is currently seeking an Attorney III in the Legal Office, Investments Unit. Dutes include but are not limited to:

• Advising leadership and team members in the negotiation of investment-related contracts pertaining to requests for proposals.
• Working with/on CalPERS investment programs, including global equity, private equity, real assets, global fixed income, opportunistic strategies, securities litigation, compliance, and ethics-related matters.
• Working closely with investment team members and outside counsel in the negotiation of investment transactions; advising system team members on legal issues relating to transactions.
• Negotiates ISDA and SIFMA trading documentation.
• Coordinating and monitoring outside counsel's work and budgets regarding investment operations.
• Coordinating and conducting periodic competitive solicitations of outside counsel for engagement on investment matters, including preparation of solicitation documents, review of responses, and conducting interviews.

Job Type: Full-time

Pay: $10,852.00 - $15,325.00 per month

Benefits:

• 401(k)
• Dental insurance
• Health insurance
• Paid time off
• Retirement plan
• Vision insurance

Work Location: Hybrid remote in Sacramento, CA 95811