On June 21, 2019, PERA released its Comprehensive Annual Financial Report (CAFR) for the year ended December 31, 2018. The CAFR covers details about PERA’s financials, including our funded status and investment performance. It also discusses the impact of the legislative changes that were enacted last year to ensure PERA’s stability over time.
The CAFR has a wealth of important information, but the complex financial document runs nearly 300 pages long, and is not something many laypeople want to read from cover to cover.
That’s why this year we are proud to introduce a digital snapshot to help members easily understand PERA’s financial standing. This mobile-friendly online tool walks you through the highlights of the CAFR with colorful and interactive graphics, informative videos, and high-level content. You can even hover over select terms that you may be unfamiliar with to see a brief definition. From investment performance to membership stats and economic impact, this digital summary is easy to use and provides you with important PERA information that is simple to understand.
We hope you take a few minutes to explore the digital snapshot, and please share your thoughts on this new tool in the comments below.