For the fiscal year ended Dec. 31, 2015, the pension fund returned a net -12.6%, driven by realized private equity and real estate losses. For the three, five and 10 years ended June 30, the retirement system returned an annualized -0.7%, 1% and 2.7%, respectively.
The pension fund lowered its assumed rate of return to 7.25% from 8.5% in July 2015.
Submitted February 24, 2017 at 12:37PM by ron_leflore http://ift.tt/2mfP0SW
