Colorado Public Employees’ Retirement Association, Denver, will keep its assumed rate of return at 8%.
The board of trustees of the $41 billion system voted Nov. 18 to retain the rate following a workshop earlier that week that featured presentations by investment consultant Hewitt EnnisKnupp and actuarial consultant Cavanaugh Macdonald Consulting.
Hewitt EnnisKnupp recommended an assumed rate of return of 7.7% over the next 10 years and Cavanaugh Macdonald recommended 8% over the next 30 years, according to a recently released summary of the board meeting.
The system had a funding ratio of 66.1% as of Dec. 31, 2010, with assets of $39.2 billion and liabilities of $59.3 billion. Its most recent one-year return was 14% as of Dec. 31, 2010.
Carole Wright, chair of the board of trustees, was not available for comment.