Employees' Retirement System of the City of Baton Rouge and Parish of East Baton Rouge (CPERS) is a multi-employer public pension fund based in Baton Rouge, Louisiana. Established in 1953, CPERS provides benefit payment for its eligible members, beneficiaries, and survivors. The plan is funded by members, employer contributions, and earnings from investments. The plan comprises two trust funds namely the original trust fund from which are paid most retirement benefits, and the Police Guarantee Trust, which was established in February 2000 to provide for a funded pension trust from which are paid certain retirement benefits to eligible members. The fund is managed by the board of trustees.