Nevada Public Employees' Retirement System, Carson City, reported a gross return of 27.3% for the fiscal year ended June 30, according to an investment report posted on pension fund's website.
The investment return exceeded its policy benchmark of 25.6%.
The $58.3 billion pension fund also outperformed policy benchmarks on a three-, five-, and 10-year basis, earning gross returns of 14%, 12.5% and 10.1%, respectively. The benchmark returns for the respective periods were 13.1%, 11.8% and 9.9%.
The pension fund earned a gross return of 7.2% for the fiscal year ended June 30, 2020.