From the
Albuquerque Journal.com - SANTA FE (AP) — New Mexico’s pension funds for government workers and educators lost more than $2 billion in the past quarter because of a downturn in financial markets. A report by the Legislative Finance Committee said the value of assets in the Public Employees Retirement Association’s pension fund dropped $1.3 billion from July through September. It had a negative 10 percent investment return for the quarter. The PERA fund was valued at $10.8 billion at the end of September. The Educational Retirement Board’s pension fund lost $831,000 and had a market value of $8.7 billion at the end of the quarter. The educational pension had a negative investment return of almost 8 percent for the quarter.
Requires subscription
NM pension funds lost $2B during last quarter
From the Albuquerque Journal.com - SANTA FE (AP) — New Mexico’s pension funds for government workers and educators lost more than $2 billion in the past quarter because of a downturn in financial markets. A report by the Legislative Finance Committee said the value of assets in the Public Employees Retirement Association’s pension fund dropped $1.3 billion from July through September. It had a negative 10 percent investment return for the quarter. The PERA fund was valued at $10.8 billion at the end of September. The Educational Retirement Board’s pension fund lost $831,000 and had a market value of $8.7 billion at the end of the quarter. The educational pension had a negative investment return of almost 8 percent for the quarter. Requires subscription
Posts
0 comments:
Post a Comment