Average Assumed Rate of Return For California Pension Plans, 2001-2022

The top line reflects the maximum assumed rate of return (ARR) in use by any statewide retirement system. The bottom line reflects the lowest ARR adopted by any statewide retirement system for the same year. The middle line is the average assumed return trend.

Equable Institute analysis of public plan valuation reports and ACFRs. Read the report.
Chart: Equable Source: Equable Institute Get the data