By Sean Whaley | Nevada News Bureau
CARSON CITY — Nevada’s Public Employees’ Retirement System earned an estimated 2.9 percent return on its investments in the fiscal year ending June 30, and is valued at $25.8 billion, an official with the plan said Wednesday.
Dana Bilyeu
The fiscal 2012 return is below the 8 percent anticipated annual rate of return for the system’s investments over the long term.
While well below the record 21 percent return in fiscal 2011 and the 10.8 percent return in fiscal 2010, the 2012 gain will be in the top 20 percent of performers for large public pension plans when adjusted for risk, said Dana Bilyeu, executive officer of PERS.
“So as far as looking at all of the big institutional investors across the country, we’re quite competitive with that kind of return,” she said. “In fact, I think it’s going to be one of the top performing funds in the nation. You can only get what these markets are going to give you.”
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