Investments

Fast Facts About CalPERS Investment and Pension Funding

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We release our annual Facts at a Glance reports at the end of each fiscal year to provide members, stakeholders, and the public with a wide range of data and information about the state of the pension system.

  • Our fiscal year investment net return for Fiscal Year (FY) 2019-20 was 4.7%. This is the eleventh consecutive year of positive returns.  
  • Our net position increased by $19.5 billion and stood at $392.5 billion as of June 30, 2020, compared to $372.6 billion from the previous fiscal year. 
  • We paid $25.8 billion in benefits to more than 732,000 retirees and beneficiaries, a $1.6 billion increase from the previous fiscal year. 
  • We invest in California. In FY 2019-20, we invested more than $43.6 billion in California-based companies and projects, which is more than 11% of our portfolio. 
  • We actively engaged with companies we own to protect the long-term sustainability of our investments. In 2020, we cast more than 14,000 proxy votes at companies worldwide. 
  • We are an estimated nearly 70.6% funded for FY 2019-20, which is an increase compared to 70.2% from the previous fiscal year. These estimates are based on a 7% discount rate. 

Learn more about CalPERS’ investments by reading Facts at a Glance Investment & Pension Funding (PDF). You can also read our Facts at a Glance on Pension & Retirement (PDF)Health Benefits (PDF), and About CalPERS (PDF).