Iowa Public Employees’ Retirement System, Des Moines, reaffirmed its 7.5% assumed rate of return on investments, Karl Koch, IPERS chief investment officer, said in a statement.
Cavanaugh Macdonald, actuarial consultant of the $27.65 billion Iowa PERS, recommended keeping the assumed return after doing an experience study.
As of June 30, 2013, the system’s return on investments, net of fees, was 10.12% for the most recent year and 9.57% annualized for 30 years. The system was 81% funded as of the same date.
