Solid Returns Strengthen Ohio Public Pension Funds

By: The Associated Press Email
By: The Associated Press Email

COLUMBUS, Ohio (AP) - Strong investment returns last year boosted the long-term financial stability of Ohio's public pension funds serving roughly 1.7 million people.

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.

(Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)


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