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State Pension Fund Close To Goal

Last updated on Wednesday, December 26, 2007

(INDIANAPOLIS) - Indiana’s pension fund for state employees says it’s within two-tenths of a percent of being fully funded. That’s a three-point improvement over a year ago.

The Public Employees Retirement Fund has added $2.5-billion dollars in assets, thanks to an 17.8-percent investment return last fiscal year. That brings its total portfolio to 17.2-billion.

PERF administrators say the investment return is two-tenths-of-a-point better than their benchmark, while the underfunded liability is far better than an average of 12-percent for state pension funds.

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