July, 2016

18
Jul
2016

CalPERS Announces Anemic Investment Returns

Categories: California Developments,Pension Rate Stabilization

On July 18th, the California Public Employees’ Retirement System (CalPERS) reported its preliminary return on investments for the 2015-16 fiscal year: 0.61%. School and community college employers will feel the impact of this low investment return as the employer contribution rates for 2017-18 and beyond are calculated. Current estimated employer contribution rates provided by PERS in April 2016 show increases up to 19.8% by 2020-21.

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