The monthly Pension Board Meeting was held on Wednesday Aug 20th. I also attended a State of OKPension Commission meeting at the capital in an effort to monitor legislative studies and proposals affecting our pension system.
I would like to report our pension is extremely sound! In fact, it reached another milestone, we went over $2 billion!
The one year return on investments was 14.42%. Net of fees it was 14.11%. The bench mark investments (the ones we could use without paying investment fees) was 13.68.
The bottom line on this…is that even with paying the fees we made more for the system than just using benchmarks like the Russell 2500 value or growth funds. This resulted in millions of additional dollars for the
pension system in just a 12 month time frame.
All minutes, agendas, monthly investment returns and a lot of other information is always available on the pension system web site for your review.
If you have any questions, please contact me.
Oklahoma Police Pension & Retirement System