July 23, 2007

CalPERS investments gain 19.1 percent

CalPERS earned an estimated 19.1 percent return on investments for the 12 months that ended June 30, 2007, the highest gain in nine years, the pension system announced this morning. Assets in the retirement fund now total $247.7 billion. The percentage gain more than doubled the overall CalPERS assumed rate of return of 7.75 percent, which is required to fund retiree benefits. Total assets increased by $36.5 billion over the year.

Posted by dweintraub on July 23, 2007 10:57 AM