Massachusetts Public Worker Pension Fund has its Best Year

BOSTON (AP) — The Massachusetts public employee pension fund has reported a net investment return of nearly 30% for the recently ended fiscal year, the best return in the fund’s 35-year history.

The Massachusetts Pension Reserves Investment Management Board in a statement Tuesday said the return resulted in a net investment gain of $22.1 billion for the fiscal year that ended in June, for a total of nearly $96 billion in assets under management.

The return outperformed benchmarks by about 9%.

The fund oversees pension investments for about 300,000 state and municipal employees and teachers.

The Associated Press

About Grady Culhane

Grady Culhane is a Cape Cod native currently living in Eastham. He studied media communications at Cape Cod Community College and joined the News Center in 2019.
737 West Main Street
Hyannis, MA 02601
Contact Us | Advertise Terms of Use 
Employment and EEO | Privacy