This marks the fourth consecutive year that actual returns have exceeded the averageassumed rate of return Assumed rate of return vs. 10-year rolling average of actual returns, 2006-2026 0%2%4%6%8%10%12% 200620072008200920102011201220132014201520162017201820192020202120222023202420252026 Average Assumed Rate of ReturnAverage Actual 10-Year Return2026 Projection Based on Preliminary and Partial Year Returns Source: Equable Institute analysis of public plan valuation reports, ACFRs, and investment reporting. Average 10-year return for 2026 is partially based on projected investment returns for each retirement system. Download the data here.