Each December we release our Annual Comprehensive Financial Report (PDF), offering a look at CalPERS’ financial health through the fiscal year (FY). Here are seven important highlights from this year’s report, also known as the ACFR:
- $563 billion in assets: The Public Employees’ Retirement Fund (PERF) closed the FY with a market value of $563 billion—an 11.1% increase from last year’s $506.6 billion.
- 11.6% investment return: Our net investment return was 11.6%, fueled by strong results in public and private equity. This performance exceeded our assumed rate of return of 6.8% and marked a significant rebound from the previous two years, which were impacted by economic and geopolitical uncertainties.
- 79% funded status: At the close of fiscal year 2024-25 on June 30, our funded status stood at 79%, up from 73.9% the previous year. This metric reflects the ratio of assets to liabilities, indicating continued progress toward our long-term financial goals.
- 2,906 employer partners: We now contract with 2,906 employers to provide pension benefits, supporting a diverse and growing workforce across California.
- 2.4 million members: Our membership has reached nearly 2.4 million people, representing all those receiving pension benefits or actively participating in the Public Employees’ Retirement Fund.
- 1.5 million health program participants: More than 1.5 million members and their families are enrolled in our CalPERS Health Program, ensuring access to quality health care statewide.
- $34.6 billion in pension benefits paid: We paid $34.6 billion in pension benefits to more than 825,000 retirees and beneficiaries—an increase of $1.8 billion, or 5.4%, from the last FY.
Learn More
The FY 2024-25 Annual Comprehensive Financial Report (PDF) is available online for further information.