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PSERS gains 23%, `private market` investments return 36.11%
The Pennsylvania Public School Employees’ Retirement System (PSERS) today announced strong investment return results for the fiscal year ended June 30, 2007. The pension fund generated a total return of 22.93 percent for the fiscal year ended June 30, 2007. This fiscal year return marks the fourth fiscal year in a row that PSERS had exceptional investment growth and has significantly exceeded its annual actuarial rate of return assumption of 8.5 percent. For the previous three fiscal years, PSERS earned 15.26 percent in fiscal year 2005-2006, 12.87 percent in fiscal year 2004-2005, and 19.67 percent in fiscal year 2003-2004.
Additionally, PSERS’ assets under management have grown over $10 billion from $57 billion on June 30, 2006 to over $67 billion as of June 30, 2007.
PSERS’ Chairman Melva Vogler praised the Fund’s recent outstanding investment performance stating: “I am pleased to announce PSERS has earned 22.93 percent for the fiscal year ended June 30, 2007. This investment return is nearly triple the Fund’s assumed annual rate of return of 8.5 percent. PSERS investment staff has worked hard to earn these exceptional returns for the Fund. As a result, they have met and exceeded performance benchmarks and have made PSERS one of the top performing public pension funds in the nation.”
The current fiscal year end return places PSERS in the top 1 percent of the public pension plan database ...................... To view our full article Click here
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