Each year around the holidays, we release our Annual Comprehensive Financial Report (ACFR) (PDF). It is a detailed summary of CalPERS’ financial standing through the fiscal year (FY) ending June 30, 2024.
Here are some quick facts to know about the ACFR:
- $506.6 billion: That is our net assets (also known as the net position) figure for the fiscal year for the Public Employees’ Retirement Fund (PERF). That’s an increase of 9% from the last FY of $464.6 billion.
- 9.3%: This is our fiscal year investment net return for the PERF, which was driven primarily by the strong performance from public equity and private debt. This is above our 6.8% assumed rate of return and policy marker established by the CalPERS Board of Administration. It was also a notable improvement from the two most recent fiscal years, where investment returns were influenced by a variety of economic and geopolitical challenges.
- 71.4%: This is our funded status as of June 30, 2023. Our estimated funded status for June 30, 2024, is 75%. This is a measure of the fund’s financial status when comparing the assets to the liabilities.
- 2,891: This is the number of employers we contract with for pension benefits.
- 2.3 million: All of us — the total number of pension benefit recipients and members.
- 1.5 million: Members and their families covered in the CalPERS Health Program.
- $32.8 billion: Pension benefits paid out to more than 800,000 retirees and beneficiaries. This is an increase of more than $1.7 billion or 5.6% from the previous fiscal year.
Learn More
The FY 2023-24 Annual Comprehensive Financial Report (PDF) is available online for further information.