CCCERA’s assets are carefully managed through a diversified long-term investment program, overseen by the Board of Retirement in accordance the CCCERA’s Investment Policy. This policy establishes CCCERA’s investment objectives and defines the principal duties of the Board, CCCERA’s investment team, investment consultants, and asset managers. Investment decisions are made in the sole interest and for the exclusive purpose of providing benefits, minimizing employer contributions, and funding reasonable expenses for administering the system.

CCCERA’s main investment objective is for the total fund to exceed the policy index. For the period ending September 30, 2024, the total fund was 15.2%, more than the policy index return of 14.4%, and less than the median public fund return of 17.5%. Over the trailing five-year period, the total fund gain was 6.6%, less than the policy index return of 7.8%, and less than the median public fund return of 8%.