South Carolina Pension fund misses the mark on returns
South Carolina's pension fund investments have generated far less over the past year than hoped, but officials say there's no cause for alarm.
Preliminary numbers from the state's Retirement System Investment Commission show a return on investments of 0.6 percent for the fiscal year ending June 30. The state assumes a 7.5 percent annual return when calculating what it needs to keep the system solvent long-term.
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Filed under: * Culture-Watch • Aging / the Elderly • * Economics, Politics • Economy • Credit Markets • Labor/Labor Unions/Labor Market • Personal Finance • Pensions • Stock Market • The Credit Freeze Crisis of Fall 2008/The Recession of 2007-- • Politics in General • State Government
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Posted August 25, 2012 at 7:31 am
Posted August 25, 2012 at 7:31 am
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