Submitted by k.hommer on

December 1, 2022 (Des Moines, IA) - According to an annual report from its actuary, the funded ratio of the Iowa Public Employees’ Retirement System (IPERS) grew more than 1% between FY2021 and FY2022. Strong investment returns in FY2021 buoyed the funded ratio, which grew to 89.5% in FY2022, compared to 88.3% in FY2021.  The same report showed IPERS’ unfunded actuarial liability decreased from $4.9 billion in FY2021 to $4.6 billion in FY2022. As of June 30, 2022, the market value of the IPERS Trust Fund equaled $40.2 billion.  

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