The Massachusetts state pension fund performed even better than a strong stock market and added nearly $5 billion to its assets in 2012, rebounding from flat investment results the previous year.
The $51.9 billion pension fund posted a gain of 13.9 percent on its investments for last year, state officials said Tuesday. The broad Standard & Poor’s 500 stock index rose 16 percent in 2012. The Pension Reserves Investment Management board, which oversees the state fund, said its return outpaced an internal benchmark by 0.84 percent.
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As with her other article, Beth Healy makes no mention of the effect of the MONEY PRINTING by Ben Bernanke and the Federal Reserve. And much of pension funds is due to BORROWED MONEY. And wait until the costs of ObamaCare come in.