New Los Angeles
Tuesday, 7/14, 09:52 AM
CalPERS posts best return in over a decade, lifting funded status to 85%
- The nation's largest public pension fund earned 14.8% on its investments last fiscal year, its strongest showing since 2014 outside the pandemic rebound.
- The gain eases pressure on the state and local budgets that back the retirements of more than two million California public workers.
