The California Public Employees' Retirement System (CalPERS) said its investments brought a preliminary 2.4 percent net return for for the fiscal year ending June 30, 2015.
CalPERS assets at the end of the fiscal year stood at more than $301 billion.
Although longer-term returns—for the past three years and the past five years—have brought returns of 10.9 percent and 10.7 percent, respectively, its assumed annual rate of return is 7.5 percent.
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