Brought to you by WBIW News and Network Indiana
Last updated on Thursday, August 11, 2011
(UNDATED) - The 22-billion-dollar Indiana public retirement system has fielded a few calls from retirees concerned about what a bear market could do to their pensions.
INPRS Spokesman Jeff Hutson estimates Monday's plunge sliced three-percent of the funds' portfolio.
But he says only about 41-percent of the pension fund is invested in stocks. The rest is in fixed-income securities and other investments designed to protect the fund against precisely this kind of swing in the market.
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