The Jefferson City News Tribune reports that pension fund
assets were at $6.8 billion, a $600-million increase in three months. The
fund’s year-to-date return stands at 15.5%, producing nearly $1 billion in
Investments in stocks returned 15.9% for the quarter and 26.1% for the year, and bonds generated results of 6% and 14% for those periods, respectively, the news report said. Alternative investments produced gains during the quarter of 4.4%, but declined 2.9% for the year due in large part to continued weakness in the real estate sector.
MOSERS pays about $34 million each month in retirement benefits to plan members with average monthly benefits of $1,226. The fund provides retirement, life insurance, and long-term disability benefits for approximately 100,000 state employees, retirees, and beneficiaries.