The Texas Municipal Retirement System (TMRS) just released their latest investment returns.
It can be observed that over the last year the return has been 1.8% and over the last 5 years the return is 5.6%. Returns over both time periods are a far cry from the assumed return of 6.75%.
The element that has been providing the greatest return is real estate. It is problematical as to how long that will last.
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