In 2015, the Primary Plan had a return, net of expenses, of 6.7%, compared to our funding discount rate of 6.5% and a benchmark of 7.8% and our private investments produced net returns of 14.5%, and public investments produced a net return of 0.7%. Strong returns from private equity, infrastructure and real estate helped to offset public markets that were hit by challenging economic conditions, demonstrating the importance of diversified exposures and investing in high-quality assets. 

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