CalPERS annual investment return is a vital metric for California public agencies. It can directly impact an agency’s pension costs and funding strategies. This month we will be talking about the past, present and future expectations of CalPERS investment returns. We will also provide an update on CalPERS’ capital market study and the prospect of a lower discount rates. We hope to provide you with valuable information to keep your boards, committees, and constituents better informed.
In this discussion between Debby Slack Cherney, Chief Executive Officer at San Bernardino County Employees’ Retirement Association (SBCERA), and Dan Matusiewicz, Senior Public Finance Consultant at GovInvest, we will explore how California agencies can best contextualize volatility in the investment markets, impact of investment return for employer costs and strategies for employers.