CalPERS on Monday announced a preliminary net return of 0.61% for the fiscal year ended June 30. RELATED CONTENT Washington state retirement exec named new CalPERS CEO CalPERS looking to commit up to $11 billion to up-and-coming managers by 2020 CalPERS investments in California increase 8.2% in 2015 fiscal year The latest fiscal-year return, coming on top of 2.4% in the prior year, means CalPERS has not met its expected 7.5% rate of return for the last 20 years, Ted Eliopoulos, chief investment officer, disclosed Monday at a press briefing on the returns. The results also come as CalPERS' general investment consultant, Wilshire Associates, has estimated that a 7.5% return won't be achievable over the next decade. The consulting firm has estimated a 6.4% yearly return during the next 10 years. Mr. Eliopoulos said CalPERS does not plan to move its periodic review of its rate of return, which is next scheduled to be determined at an investment committee meeting in February 2017.