calpers

Valley Public Radio News
5:44 pm
Mon July 16, 2012

CalPERS Investment Return Way Short of Projections

CalPERS barely earned any money at all during the fiscal year that ended June 30th. The nation’s largest public pension fund announced a one-percent return on investment today.

The California Public Employees Retirement System’s one percent return is nowhere near its projection of seven-and-a-half percent. It’s even below the California State Teachers Retirement System, which earned a one-point-eight percent return.

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