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Hawaii pension fund posts quarterly gain of 1.5%

At the end of March, the state Employees' Retirement System had $13.7 billion

By Dave Segal

POSTED: 01:30 a.m. HST, May 14, 2014

~~<p>Hawaii's largest public pension fund eked out a small increase in its fiscal third quarter as assets climbed to an all-time high of $13.7 billion.</p>
<p>The state Employees' Retirement System posted a 1.5 percent investment gain in the January-March period to boost its nine-month fiscal-year return to 12.5 percent, according to a report presented to ERS trustees Tuesday by Portland, Ore.-based Pension Consulting Alliance Inc., which advises the ERS trustees on investments. The fund, which provides retirement, disability and survivor benefits to 115,350 active, retired and inactive state and county employees, targets an annual 7.75 percent fiscal-year return to help fulfill its commitment.</p>
~~

Hawaii's largest public pension fund eked out a small increase in its fiscal third quarter as assets climbed to an all-time high of $13.7 billion.

The state Employees' Retirement System posted a 1.5 percent investment gain in the January-March period to boost its nine-month fiscal-year return to 12.5 percent, according to a report presented to ERS trustees Tuesday by Portland, Ore.-based Pension Consulting Alliance Inc., which advises the ERS trustees on investments. The fund, which provides retirement, disability and survivor benefits to 115,350 active, retired and inactive state and county employees, targets an annual 7.75 percent fiscal-year return to help fulfill its commitment. Login for more...



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