The Colorado Public Employees’ Retirement Association (PERA) reported a preliminary return of 13.76% for 2006, though that may fall short of the performance benchmarks established by the fund, according to the Rocky Mountain News (it is nonetheless ahead of the 8.5% projected return currently set for PERA). The number will likely be adjusted because PERA’s alternative investment and real estate holdings, which make up 13.8% of the portfolio, have yet to be valued.
PERA took in $1.3 billion in contributions and paid out $2.5 billion in benefits, while investment returns plus interest, dividends, and other cash generated nearly $4.7 billion. As a result, PERA closed 2006 with more than $38 billion in assets, up from $34.7 billion at the beginning of the year, according to the report.