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CalPERS Reports 18 Percent Profit for Fiscal Year

 
CalPERS Reports 18 Percent Profit for Fiscal Year
Posted Monday, July 14th 2014 @ 12pm  by KFBK News

CalPERS has reported a more than 18 percent profit for the fiscal year that just ended.

The pension fund says this is the fourth time in five years that its portfolio has earned double-digit returns on investments.

The public employee pension fund is still trying to recap losses from the burst of the housing bubble.

The official forecast for the fund stands at 7.5 percent per year.

The total portfolio now sits are nearly $300 billion, but a series of rate increases have been made to keep up with rising liabilities.

 

 

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