Advocacy News

CalPERS Releases Preliminary Investment Returns for 2019-2020 year

By Dillon Gibbons posted 07-15-2020 12:44 PM

  

Today, CalPERS reported that their preliminary net return on investments for the 2019-2020 fiscal year was 4.7%.

Based on this return, CalPERS reports that the overall funded status of the retirement fund is 70% (based on a 7% discount rate). The fund has total assets of approximately $389 billion.

This return will cause participating districts' contributions to rise with the effects being felt by local public agencies in the 2022-2023 fiscal year. Districts are encouraged to review available strategies to manage these new costs.

To provide assistance, CalPERS is hosting a webinar next week for public agencies. The webinar will feature CEO Marcie Frost, and other leaders, and will cover these topics:

  • The preliminary 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
  • A question-and-answer session.

The details of the webinar are

Title: CalPERS and Employers: Fiscal Year Returns, Cost Impacts and Our Path Forward

Date: July 21, 2020 9:00-10:30am 

Registration Link: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=&eventid=2464157&sessionid=1&key=6F1DD8609F63F2B739D1403EAA4A939B&regTag=&sourcepage=register


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