SCERS’ investments returned 7.2% in the 2018-19 fiscal year, finishing with a market value of $9.7 billion. 

SCERS assumes a 7% annual rate of return — meeting or exceeding that target helps keep the fund strong to support benefits without needing to increase contribution rates. For the last 3, 5, and 10 years ending June 30, SCERS delivered annualize returns of 10.4%, 6.5% and 9.7%, respectively.