CalPERS Keeps Assumed IRR the Same
March 16, 2011- Share:
The Benefits and Program Administration Committee of the California Public Employees' Retirement System has voted to keep the public pension fund's assumed annual rate of investment return at 7.75%. The rate represents what CalPERS believes it can earn from its investments annually when averaged over 20 or more years and is reviewed every two to three years. CalPERS currently has assets of almost $228 billion.
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