Report to Regents on UC Pension Funding

The chart above is from the official report on UC pension funding as of last July 1 to be discussed by the regents at their upcoming meeting later this week.  The "actuarial" value is a moving multi-year average designed to smooth out financial market fluctuations.  On a market value, the funding ratio (assets to liabilities) as of July 1 was 87%.  Note that calculations are based on an assumed long-term rate of return of the portfolio of 7.5% per annum.  The portfolio on a market basis was valued at $52.8 billion.  Source: http://regents.universityofcalifornia.edu/regmeet/nov14/f4.pdf