COLUMBUS, Ohio (AP) — Strong investment returns last year
have boosted the long-term financial stability of Ohio’s public pension
funds serving roughly 1.7 million people.
The Dayton Daily News (http://bit.ly/1fh63tL )
reports the largest of the five funds had a return of 13.9 percent.
That gave the Ohio Public Employees Retirement System a record $88.6
billion in assets.
Its director says state pension law changes in 2012 also bolstered the system’s financial position.
The
Ohio Police & Fire Fund’s portfolio was worth $14.1 billion after a
16.5 percent return. The State Teachers Retirement System of Ohio made
17.4 percent, hitting $72.3 billion in assets. The School Employees
Retirement System of Ohio logged $21.1 billion after a 16.1 percent
return. The Ohio Highway Patrol Retirement System earned 18.8 percent,
leaving it with $810 million in assets.
___
Information from: Dayton Daily News, http://www.daytondailynews.com
Copyright 2014 The Associated Press. All rights
reserved. This material may not be published, broadcast, rewritten or
redistributed.
COLUMBUS, Ohio (AP) — Strong investment returns last year
have boosted the long-term financial stability of Ohio’s public pension
funds serving roughly 1.7 million people.
The Dayton Daily News (http://bit.ly/1fh63tL )
reports the largest of the five funds had a return of 13.9 percent.
That gave the Ohio Public Employees Retirement System a record $88.6
billion in assets.
Its director says state pension law changes in 2012 also bolstered the system’s financial position.
The
Ohio Police & Fire Fund’s portfolio was worth $14.1 billion after a
16.5 percent return. The State Teachers Retirement System of Ohio made
17.4 percent, hitting $72.3 billion in assets. The School Employees
Retirement System of Ohio logged $21.1 billion after a 16.1 percent
return. The Ohio Highway Patrol Retirement System earned 18.8 percent,
leaving it with $810 million in assets.
___
Information from: Dayton Daily News, http://www.daytondailynews.com
Copyright 2014 The Associated Press. All rights
reserved. This material may not be published, broadcast, rewritten or
redistributed.