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PENSION FUND HAS BANNER YEAR

But Change In Funding Schedules Needed

MARCH 2010 VOICE: After losing over 29% of its value in calendar 2008, the Commonwealth’s Pension Reserves Investment Trust (PRIT) Fund rebounded with an earnings of 17.46% for Year 2009, providing a badly needed lift for the 50 retirement systems, including the State and Teachers, whose entire pension funds are invested by PRIT. Other retirement systems, investing on their own, also had a banner year, some as high as 20%.

PENSION FUNDS STEADY RECOVERY UNDERWAY

NOVEMBER 2009: After an unprecedented market upheaval in 2008 which saw most of our state's 106 public retirement funds lose twenty-five percent or more of their values, the recovery, which was slow earlier this year and gradual in our last report, can now be upgraded to steady and perhaps above average by the end of this year.
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NORTH ADAMS WAS TOP FUND IN '07

MAY 2008: Three local retirement boards, North Adams, Malden and Northampton, were the top three winners in our annual, unofficial, Pension Fund Investment Earnings Contest for Year 2007.
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STATE'S PENSION FUND EARNED ALMOST 12% IN '07

MARCH 2008: Although the Commonwealth pension fund continued its run of double digit earnings for the fifth straight year in 2007, this January’s market dive raised concern among managers of pension funds everywhere. "Year 2007 was a good one for the State’s PRIT Fund," said Association President Ralph White. "January’s storm clouds were not completely unexpected, but we’ll recover," said the ever-optimistic White.