San Diego County funding ratio rises

San Diego County Employees Retirement Association’s funding ratio increased to 89.7% as of June 30, up from 83.6% the year before. The information was included in actuarial data being released at today’s board meeting, said Johanna Shick, communications manager for the $8.4 billion fund. The improvement is due in part to investment returns of 16.4%, compared with 15.6% last year.