Iowa PERS Harvests 5.41% Returns
Posted on 10/16/2023
Iowa Public Employees’ Retirement System (IPERS) earned 5.41% in FY 2023, raising the value of the system to US$ 41.13 billion. IPERS said it did well to earn 5.41%: “IPERS overcame several market challenges in FY2023, including interest rate hikes, debt ceiling concerns and uncertainly. IPERS CEO Greg Samorajski also said: I’m proud of our team of investment professionals who remain steadfast in their commitment to the long-term security of the IPERS Trust Fund.”
Domestic equities returned 8% in the last quarter alone, helping to boost the return. IPERS will need strong returns going forward to pay the increasing costs of living for its 393,000 members.
