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 from Eastham. He studied media communications at Cape Cod Community College and joined the CapeCod.com News Center in 2019.



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