Today, the California Public Employees Retirement System (CalPERS) announced their preliminary investment returns for fiscal year 2018-19. The returns came in at 6.7 percent return on investment for the year, just shy of their 7 percent goal and resulting in a total fund value of $373 billion. CalPERS reported the returns as follows: Fixed Income program, generated a 9.6 percent net return, followed by Private Equity and Public Equity net returns of 7.7 percent and 6.1 percent returns respectively.
What does this mean for your district if you are a CalPERS member? This means you can expect a moderate rate increase in 2021-22 to cover the 0.3 percent shortfall or difference between the 6.7 percent return and 7 percent projected return.
For more details about the preliminary returns you can click
here to view CalPERS press release on the subject.