by Geoff Dornan
gdornan@nevadaappeal.com

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June 20, 2013
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PERS’ value a new record: $29.6 billion

The Public Employees Retirement System portfolio is worth a record $29.6 billion with about two weeks left in the fiscal year, Executive Officer Dana Bilyeu said Wednesday. That’s about $4.4 billion more than the $25.2 billion the system had at the end of fiscal year 2011. The portfolio earned slightly more than 15 percent on its investments this year. That follows a banner year in 2011, when it earned 21 percent on its investments — its highest return ever. Bilyeu said, however, that the amount of unfunded liability within the system — the amount the system would owe workers if …

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The Record Courier Updated Jul 12, 2013 10:45AM Published Jun 20, 2013 06:46PM Copyright 2013 The Record Courier. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.