PERAC Memo #18 - 1999: Target Rate of Return
Target Rate of Return
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PERAC Memo #18/1999 requests each retirement board's Actuarial Assumed Rate of Return and Target Investment Rate of Return (based on current asset allocation and historical asset class returns) for inclusion in PERAC's 1998 Annual Report. Boards must complete and return the attached form by mail or fax by April 15, 1999.
Full Text
PERAC MEMO #18/1999 M E M O R A N D U M TO: All Retirement Boards FROM: Robert A. Dennis, Investment Unit Director RE: Target Rate of Return DATE: April 8, 1999 The Public Employee Retirement Administration Commission is in the final stages of collecting the data for the financial profiles of the retirement boards to be included in this agency’s 1998 Annual Report. Toward this end, we ask for your assistance once again in providing us with your board’s Actuarial Assumed Rate of Return and the Target Investment Rate of Return. As noted last year, the two numbers differ in that the Target Investment Rate of Return is calculated by reviewing the board’s current asset allocation and the historical rate of return attributed to each asset class. Retirement System ___________________ System Actuarial Rate of Return Assumption ___________________ Target Investment Rate of Return ___________________ Please mail the completed form to this office or fax it to (617) 628-4414 by April 15, 1999. If you have any questions, please call me at (617) 666-4446 ext. 922. Thank you for your cooperation.