Top Definition
A bunch of tax payer funded leeches; but, this is also commonly used as acronym for the California Public Employee Retirement System.
Tommy: Yo dog, you get your check yet from a bunch of tax payer funded leeches?

Billy: Nah, yo. You?
Tommy: Yea playa - you know it was CalPERS straight up.
Billy: Say word?
Tommy: Word.
by have denke March 25, 2011

Free Daily Email

Type your email address below to get our free Urban Word of the Day every morning!

Emails are sent from We'll never spam you.