Nevada Public Employee Retirement System earns 8.5 percent return
Nevada’s Public Employee Retirement System earned a whopping 8.5 percent interest on its investments in Fiscal Year 2019.
That is higher than the system’s 8.3 percent benchmark and well above the 7.5 percent rate of return the system projected for the year — a rate that critics of PERS said at the time was unattainable.
PERS finished the year with assets totaling $44.1 billion. By comparison, California’s PERS plan earned 6.7 percent on its investments during FY2019.
In fact, Nevada’s plan not only bested California’s in the current year but in the three-year, five-year and 10-year cycles. Over the past 10 years, Nevada PERS has achieved a 9.9 percent return on investment.
Read more: https://www.nevadaappeal.com/news/government/nevada-public-employee-retirement-system-earns-8-5-percent-return/
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