Dossier
Marcie Frost
Coverage of Marcie Frost in the Nexus archive.
- CalPERS Just Had One of its Best Years in a Decade. Why it Matters to Taxpayers
California’s largest public pension fund, CalPERS, achieved a 14.8% investment return in the 2025-26 financial year, surpassing its target of 6.8%. CEO Marcie Frost described it as the fund’s best year since 2014, excluding the 2021 market rebound.
- CalPERS just had one of its best years in a decade. Why it matters to taxpayers
CalPERS achieved a 14.8% investment return in the 2025-26 financial year, surpassing its 6.8% target and marking its best performance since 2014. The improved returns reduced its underfunded status to 85% of liabilities, easing pressure on government agencies and taxpayers to cover shortfalls.