CalPERs about to post $31 billion loss

[Tulemutt]

Originally Posted by CaliRestoration

So I ask again, if over the next 10 years as is expected by the fund managers of CalPERs, third party accounting firms, and anyone with a basic understanding that relying on 7.5% returns is a total fantasy,you tell everyone here who will pay back 10 years worth of multi-billion losses to the fund? You say it's not taxpayers, then who?

Yes, you ask over and over, even after you've been well answered. You do it in all the threads you participate in. 2Sleepy just posted a list of CalPers returns (from CalPers) that show fund performances well in excess on average of the 7.5% model. This following your declaration that CalPers has been suffering great losses for 3 years straight.

CalPers is operating better than middle of the pack compared to other states' funds - and running in very safe territory so far relative to state GDP. I've given you the stats before, yet you persist in your quest to overwhelm the forum readers with false hyperbole of the problem.

[CaliRestoration]

Originally Posted by Tulemutt

Yes, you ask over and over, even after you've been well answered. You do it in all the threads you participate in. 2Sleepy just posted a list of CalPers returns (from CalPers) that show fund performances well in excess on average of the 7.5% model.

Well in excess?

CalPERs annualized returns the past 3 years were 6.9%.

The past 10 years was 5.1 percent.

2sleepy's data doesn't include the recent down dip for her '3 years annualized' and her 5 year annualized includes the 2 years where CalPERs did exceedingly good in the years after the recession.

But over the past decade, the fund is still down 2.4% from its target goal, that's a fact.