Statement by Dave Low, Chairman of Californians for Retirement Security, Regarding California Pension Funds' Largest Gains in Years
July 18, 2011
For Immediate Release
July 18, 2011
SACRAMENTO -- California's two pension funds, CalPERS and CalSTRS, today reported their largest investment gains in years for the 2010-11 fiscal year. The CalPERS investment portfolio posted a 20.7 percent gain, its highest in 14 years. CalSTRS reported a 23.1 percent return, the highest in 25 years.
