CalPERS Predicts 5.8% Return Under New Allocation, Far Short of 7% Goal

The California Public Employees’ Retirement System is expecting a significantly lower annual investment return under its newly-adopted portfolio asset allocation. According to documents released Monday, the pension fund is now banking on 5.8 percent, which is far lower than the previous assumption of a 7 percent rate of return by 2020.

The new and much more cautionary asset allocation was adopted five months ago and announced in December. It will be reviewed again in 2018.

Reuters has more on the story, including a statement from CalPERS spokesman Megan White and reactions from pension analysts.



Wednesday, January 11, 2017 - 20:13

Former Los Angeles Fire Marshal John Vidovich is making some serious claims about Mayor Eric Garcetti and an alleged quid pro quo between the mayor and the city’s firefighters union.