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Investment returns, KRS Pension Funds grow by double digits Report and data for Fiscal Year ended June 30, 2017 Note: Data and opinions are those of the writer By David Eager News from Kentucky Retirement Systems FRANKFORT, KY: Kentucky Retirement Systems (KRS) announced today that the investment returns for all pension and insurance funds under management grew by double digits in the fiscal year that ended June 30, 2017. The Kentucky Employees Retirement System (KERS) Non-Hazardous Pension Fund posted a gain of 13.47%, and the County Employees Retirement System (CERS) Non-Hazardous Pension Fund returned 13.81%. The other Systems' pension fund fiscal year numbers are KERS Hazardous at 13.44%, CERS Hazardous at 13.73%, and the State Police Retirement System (SPRS) at 12.50%. Preliminary estimates indicate that the positive growth translates into a gain of almost $95 million in the value of the KERS Non-Hazardous Pension Fund, over $589 million for the CERS Non-Hazardous Pension Fund, and approximately $36 million for the State Police Pension Fund. "The excellent investment returns reflect not only the attractive market conditions, but also the work done by our new Investment Committee and the Interim CIO and his staff," said Interim Executive Director David Eager. "Throughout the year they have been adjusting our portfolios to better reflect the needs of each fund, to reduce management fees, and increase the risk adjusted returns. The results bear out the success they have had," Eager noted. Insurance funds also enjoyed double-digit growth this past fiscal year. The KERS Non-Hazardous Insurance Fund posted a gain of 13.78%, while the KERS Hazardous Insurance Fund returned 13.76%; CERS Non-Hazardous grew by 13.67%; CERS Hazardous posted 13.70%; and SPRS finished the fiscal year with a 13.70% gain. "It's very gratifying for the investment team to see that all of our efforts, and the efforts of the Investment Committee, over the last year have produced positive results," said KRS Interim Executive Director of Investments Rich Robben. "I am particularly proud that all of our plans will end the year with more assets than they started with at the beginning of the year." Kentucky Retirement Systems is a $16 billion public pension fund serving over 364,000 active and retired members. Website: kyret.ky.gov. This story was posted on 2017-08-02 02:40:08
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