Home Page
KPUA Program Schedule
Election Coverage

Today's KPUA Program Schedule:
Click here for showtimes
& complete program lineup.


National News
World News
Sports
Business
Strange Reports
Entertainment
NCAA Tournament
San Francisco Giants
San Francisco 49ers
Oakland Raiders
University of Hawaii
ESPN
KWXX
B-97
KPUA
1145 Kilauea Ave
Hilo, Hawaii 96720
PH: 808 935-5461
FAX: 808 935-7761

Hilo, Hawaii News, Sports, & Information Tuesday, July 29, 2014



Back to Hawaii News index




Posted: Thursday, May 15th, 2014 10:04 AM HST

Public pension fund hits all-time asset high

By Associated Press

HONOLULU (AP) The assets of the state's largest public pension fund have reached an all-time high.

The Honolulu Star-Advertiser reports the state Employees' Retirement System had $13.7 billion at the end of the fiscal third quarter. That translated to a 1.5 percent investment gain for the quarter that ended at the end of March, and boosted returns to 12.5 percent for first three quarters.

The fund provides retirement, disability and survivor benefits to more than 115,000 eligible state and county employees.

Fund managers say the fund needs an annual 7.75 percent fiscal-year return to help meet commitments.

Despite record assets, the fund is still below its pension obligation. As of June 30, it was only 60 percent funded. However, the fund is on track to be fully funded by 2041.



National News
World News

Sports
Business

Strange Reports
Entertainment