Oregon’s public employee pension fund posted returns of over 12% in 2010.
Oregon’s public employee pension fund posted returns of 12.62% in 2010, beating forecasts and indicating a steady recovery from 2008’s financial meltdown.
The regular account of the Oregon Public Employee Retirement Fund finished the year with assets of $55.7 billion. That’s equivalent to between 78 and 79 cents in assets for every dollar in pension liabilities, according to the system actuary, Mercer Inc. That funded status excludes the side accounts and corresponding debt that many public employers have established by borrowing money to bet on the pension fund’s performance.
The 2010 12.62 percent return outperformed the 11.32 percent earnings by the pension fund’s policy benchmark, a blended index used to measure Oregon’s performance relative to similarly structured investment portfolios.
Read more at OregonLive.com.
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