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CalPERS Board Cuts Assumed Rate of Return to 7%
Pensions & Investments Link to more items from this source
Dec. 22, 2016

"Chief Investment Officer Theodore Eliopoulos said at last month's finance and administration committee meeting that given diminished investment return assumptions over the next decade, 6% was a more realistic return for the coming 10 years....CalPERS' current funding ratio is 68%. Two years of poor results -- a 0.6% return for the fiscal year ended June 30 and a 2.4% return in fiscal 2015 -- have contributed to a more negative view of what CalPERS can earn over the next decade."

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