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CalPERS 2017-18 Comprehensive Annual Financial Report

The Comprehensive Annual Financial Report (CAFR), a detailed summary of CalPERS’ current financial standing, was recently released for the fiscal year that ended June 30, 2018.

Significant financial highlights found in the 2018 CAFR:

  • The net position stood at nearly $354 billion for the Public Employees’ Retirement Fund (PERF), which was an increase of nearly $28 billion compared to the previous fiscal year.
  • Investment returns in the PERF earned a solid 8.6 percent net return. This is the ninth consecutive year of positive returns.
  • The number of contracted employers that are prefunding other post-employment benefits for future retirees increased from 524 to 542 through the California Employers’ Retiree Benefit Trust (CERBT). The CERBT is an optional program administered by CalPERS with a net position of approximately $8.3 billion, a $1.5 billion increase over the previous fiscal year.
  • In health care, our overall average Medicare and Basic (non-Medicare) rate increase was the lowest in two decades. The 2019 rates increased by an average of 1.16 percent overall.

2017-18 FY Numbers to Know: 1.9 million total CalPERS members, $22.9 billion benefits paid out to 694,000 retirees and beneficiaries, 2,892 number of employers providing CalPERS benefits, 8.60 percent net return on investments

Public Agency Reports

If you’re interested in information on CalPERS employers and their financial status, take a look at our Public Agency Valuation Reports, which detail the funded status and contribution rates for each public agency pension plan for our 2,892 contracting public agency employers.

Recently, the 2017 reports were released that set our employer contribution rates and the Public Employees’ Pension Reform Act (PEPRA) member contribution requirements for fiscal year 2019-20.

You can find the CAFR and Public Agency Valuation Reports on our website in Forms & Publications.