January 14, 2015
SO EASY ANYONE CAN DO IT:
CalPERS posts 18.4% return on investments in 2014 fiscal year (MARC LIFSHER, 1/14/15, LA Times)
Amid concern over soaring retiree costs, the state's nearly $300-billion public pension fund issued an annual report that showed solid investment gains.The report released Tuesday by the California Public Employees' Retirement System showed an overall 18.4% return on investments for the year that ended June 30. That's compared with a 10.4% average annual return for the last three years. The rate of return far exceeded the fund's official 7.5% goal set by the CalPERS board.
Posted by Orrin Judd at January 14, 2015 2:00 PM
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