FYI: T he $50 billion-plus Pennsylvania Public School Employees Retirement System brought in more money than it paid out last year.
That is news, considering how much it costs: State and local taxpayers paid $4.2 billion last year, including a 30 percent surcharge on public-school payrolls, to keep the plan solvent into the far future.
But for calendar year 2016, PSERS also made more than expected from its investment portfolio, the largest in the state -- $4.8 billion in net investment profits. PSERS scored big on U.S. and foreign stocks, energy and utility-builder funds, gold and other commodities, even bonds.
Regards,
Ted
http://www.philly.com/philly/blogs/inq-phillydeals/How-Pa-Teachers-pension-fund-beat-the-markets-in-2016.html
