The PERA Pay Back
In 2020, while facing a $3.3 billion budget deficit due to the COVID pandemic, the General Assembly cut its $225 million direct contribution to PERA. This annual contribution is required
Strong Returns for 2020, but Auto-Adjust Still Triggered
This month, PERA released its 2020 Comprehensive Annual Financial Report, also known as the “CAFR”. The CAFR provides a full summary of how PERA and its investments performed each year