Tomorrow, CalPERS plans to announce their annual fiscal year investment returns at their monthly board meeting at approximately 9:00 AM. The announcement can be watched live via the CalPERS meeting webcast here
. It is anticipated that CalPERS will be announcing that they did not achieve their investment return goal of seven percent, which will result in increased payments from CalPERS membership to make up the shortfall.
Additionally, CalPERS has scheduled a webinar to discuss the investment returns and its impacts on employers for next week on July 21st
. The details of the webinar are listed below:What:
CalPERS webinar titled “CalPERS and Employers: Fiscal Year Returns, Cost Impacts and Our Path Forward
” featuring CEO Marcie Frost and other senior leaders, to cover the fiscal year investment returns, the current state of play in the investment markets, CalPERS new investment strategy, impacts and projections for employer costs, options for employers, and business rules regarding membership and reporting. The last portion of the webinar will be saved for Q&A. When:
July 21, 2020 - 9:00-10:30AMRegistration Link: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=&eventid=2464157&sessionid=1&key=6F1DD8609F63F2B739D1403EAA4A939B®Tag=&sourcepag.e=register#AdvocacyNews#HumanResources#PensionsandRetirement