Investments

Fast Facts About CalPERS Investment and Pension Funding

Today, we are sharing the second post in a series of Fast Facts for CalPERS members.

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.

Here are some important facts about our investments and pension funding:

  • Our fiscal year investment net return was 21.3% for fiscal year (FY) 2020-21. This is the twelfth consecutive year of positive returns.
  • Our net position increased by $84 billion and stood at $477 billion as of June 30, 2021, compared to $392.5 billion from the previous fiscal year.
  • We paid $27.4 billion in benefits to more than 750,000 retirees and beneficiaries, a $1.6 billion or 6.3% increase from the previous fiscal year.
  • We invest in California. In FY 2020-21, we invested $58.7 billion in California-based companies and projects, which is more than 12% of our portfolio.
  • We actively engaged with companies we own to protect the long-term sustainability of our investments. In 2021, we cast approximately 13,000 proxy votes at companies worldwide.
  • We are an estimated 80% funded for FY 2020-21, which is an increase of nearly 10 percentage points compared to 70.6% from the previous fiscal year. The 80% estimate is based on a 6.8% discount rate, while the 70.6% is 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).