CalPERS Posts 13.3% Profit in 2012, Exceeding Projections

On Monday, CalPERS reported a 13.3% annual profit on its investments for the 2012 calendar year. The earnings are significantly higher than the 7.5% profit that the public pension fund had forecasted. It also marks a major improvement on the 1.1% return it reported in 2011.

• "CalPERS Posts Big Investment Gains for 2012" (Quinton, "KXJZ News," Capital Public Radio, 1/14).
• "CalPERS' Investments Bounce Back" (Kasler, Sacramento Bee, 1/15).