PERF Improves Ranking Among Top 100 Pension Systems
Retirement fund moves to 85th largest in U.S.
INDIANAPOLIS (Jan. 24, 2007) - The Indiana Public Employees' Retirement Fund (PERF) ranks among the largest retirement plans in the nation according to data published recently by Pensions & Investments, a leading international trade journal.
Based on September 2006 assets of more than $15 billion, the publication ranked PERF at 85 among the nation's 1,000 largest pension funds and sponsors. In the rankings, PERF was listed ahead of plans such as Caterpillar, General Dynamics, and Pfizer.
The plan rankings were published in the Jan. 22 edition of Pensions & Investments. In 2005, the publication ranked PERF as the nation's 90th largest pension plan with assets of nearly $13 billion.
As of December 2006, PERF had $16.1 billion in assets under management, reflecting a 12-month growth of approximately $2 billion, or 13.7 percent. During the year, PERF's funded status climbed to 96.8 percent, well ahead of national figures for both public and private pension plans.
"PERF's national ranking serves as a reminder of our responsibility," said PERF Executive Director David Adams. "This listing reminds us that we're here to be prudent managers of PERF's assets. We're committed to maintaining a strong and healthy retirement plan for our members, employers and Indiana taxpayers."
The Public Employees' Retirement Fund (PERF) is a $16.1 billion retirement fund headquartered in Indianapolis that serves the needs of more than 220,000 public employees and retirees throughout Indiana.
- END -
CONTACT:
Jeff Hutson
Director of Communications
(317) 234-3401
jhutson@perf.in.gov
