CalPERS Reports Preliminary 21.3% Investment Returns for Fiscal Year 2020-21; Strong Returns Trigger Reduction in Discount Rate to 6.8%

Sacramento, Calif. – CalPERS today reported a preliminary 21.3% net return on investments for the 12-month period that ended June 30, 2021. CalPERS assets at the end of the fiscal year stood at more than $469 billion. The preliminary 21.3% return lagged behind the fiscal year total fund benchmark of 21.7%. Under the Funding Risk Mitigation Policy […]