Investment Return Averages Compared to Assumed Rates of Return, 2001-2021

Equable Institute analysis of public plan valuation reports and CAFRs published as of August 2021. The average 10-year return for 2021 is based on actual reported preliminary returns for the 2021 fiscal year as of August 2021. The average assumed return for 2021 is based on reported changes to assumptions to-date. Read the report.
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